First, the current foreign exchange management system in China is the management system on capital account. The abnormal capital inflow under the capital account may not come in or detour.

一是中国目前的外汇管理体制还是对资本项目实行管理的体制，资本项目下不正常的资本流入要么进不来，要么必须绕道而行。

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Experts said that given the limited amount of capital inflows, the surge in the foreign exchange reserves in the first quarter was the result of too much "hot money" inflow.

专家表示，由于资本流入量有限，在外汇储备在第一季度增长造成了过多的“热钱”的流入。

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