But SAFE admits 'small-scale' speculative funds entered realty

BEIJING - China is not facing large-scale cross-border inflows of hot money, the country's foreign exchange regulator said on Tuesday as concerns grow about rising speculative foreign capital.

But the State Administration of Foreign Exchange (SAFE) admitted that "small-scale speculative funds have flowed into the property sector in one way or another" despite the country's regular checks for irregular capital flows.