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興安盟翻譯公司關鍵字：invested in the stock market and real estate market. These funds in the money supply and increase China's foreign exchange reserves at the same time, intensified the stock market bubble in the property market, but also increased inflation and excess liquidity in China, the RMB appreciation pressures. There are reports the beginning of the second half of 2007, more than 400 million dollars into China funds. A lot of money through the wealth effect of stock and property markets, spilling into the real economy, the increase in commodity prices. As house prices continue to rise, increasing the hot real estate market for energy, raw materials, product demand, driven by real estate-related industry chain industry prices continue to rise, then pushed up CPI. China's sustained and rapid economic growth and appreciation of the renminbi is expected to increase the background, huge amounts of money from overseas into China market, but also increases the pressure of RMB appreciation.Moderate cooling stock and property markets, so that China's stock and property markets attractive to foreign investors has weakened, can ease the access of foreign speculative capital into China's high level of return on investment, reduce excess liquidity in China and put pressure on the currency, will help reduce the domestic inflation and RMB appreciation pressure.Second, help alleviate the economic structural imbalancesStock and property markets heat up, when prices rise, asset prices often occurs chain price effects, easy to contribute to stock market speculation (for example, housing can be used as loan guarantees, loans and then engage in stock speculation), the stock and property markets linkage. Huge amounts of real estate financing companies in the stock market after the market price of the land to the hot shot, the land reserves with real estate companies, further packaging earnings, the stock market refinancing, after such enclosure ... ... cycle, the achievements of high price, high prices and high land myth.A lot of money remain in the land, real estate and the stock market, not only accumulated a huge stock and property bubble, but inhibited the development of other industries. Increase in the cost of land, energy, raw material prices, and rising prices of agricultural products case, many manufacturing companies and a number of productive investment profit margins become smaller and smaller, especially with the stock market, real estate investment compared to the more profitable dwarfs. Thus, the stock market property investment funds to finance the real economy to produce a crowding-out effect. (From some of the production of large listed companies as part of their profits from investments in securities, we can be seen.) This situation is not conducive to productive business investment and growth, pose a threat to the real economy. Inhibition of the stock market in interest rates and other macro-tightening policy overheated property market, the worse the real economy will moderate
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