Considering China's current situation, domestic short-term international capital accumulation has reached a considerable scale.

从中国目前的情况看，国内聚集的国际短期资本已经达到相当的规模。

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Hot Money, also known as Refugee capital, refers to those short-term speculative capital flowing rapidly in international financial market in pursuit of maximum reward at lowest cost.

热钱(Hot Money)，又称游资(Refugee Capital)，投机性短期资本，指为追求最高报酬以最低风险而在国际金融市场上迅速流动的短期投机性资金。

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It is showed that those financial crises are commonly characterized by the reversal of International short-term capital movement before or after the crises.

研究表明，国际短期资本流动的逆转是这些金融危机爆发前后出现的共同特征。

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The International Capital Market Association, a lobby group, has warned that the tax would cause the short-term repo market in Europe to contract by at least two-thirds, with serious consequences for other financial markets and the real economy.

WSJ: EU Likely to Weaken Proposed Transaction Tax