I'm not sure what your trying to say here. But I think the Chinese exchanges don't really represent new money. If there are trades going on then I think it's just trading the same coins back and forth and selling mined coins.
I looked into the add funds section of these sites and there seem to be very few people selling coins for rmb. A few months ago there were dozens of people acting as agents to sell coins and even people selling on TaoBao but now there are only a couple of sellers so I don't think there's really a lot of new money coming in from China.
Indeed there are signs that interest in China has been waning and, on the balance, money has been leaving the market. The most obvious sign is the gradual price drop from February to May, and the general drop in volume (Huobi typically had ~60 kBTC/day in Feb-Mar, noy only ~15 kBTC/day). Also, the CEOs of Huobi, OKCoin and BTC-China sounded very gloomy in their recent interviews. They described the opening of the "international" sections as attempts to preserve their businesses in face of increasingly bad prospects in China.
Until March, clients of the Chinese exchanges could use bank transfers to deposit money. By orders of the central bank (PBoC), they lost that channel. For a while it looked like they would soon lose the withdrawal by bank option too, and some banks (as well as AliPay) stated that they would not allow their accounts to be used for any bitcoin-related business. However the withdrawal by bank is still working: according to OKCoin's CEO, the banks are reluctant to follow the PBoC directive to the end because they don't want to lose their fees on that service.
In addition to bank deposits, Huobi had some sort of debit card that apparently is still working. After losing the bank deposit option, OKCoin arranged for some "brokers" who would sell "recharge codes" privately to clients, but they may have had to stop that too. BTC-China had "vouchers" that could be bought in stores, but they cannot sell them via internet.
Since January there was also a crackdown on use of bitcoin in e-commerce. Merchants were prohibited from quoting prices in bitcoin, and major e-commerce sites like Taobao banned the sale of bitcoins, maybe even of bitcoin mining equipment.
The new "international" sites by Huobi (BitVC) and OKCoin (OkCoin.com), that opened in the last two months, are located in Hong Kong or Shanghai, "special economic zones" which have more relaxed controls on financial businesses. BTC-China has always been in in Shanghai IIRC. AFAIK these new sites can take deposits by bank, but not easily from ordinary Chinese citizens in the mainland; and their volume is still very small.
Indeed, my best guess about the cause of the recent rally (since ~May/20) is that some traders at Huobi and OKCoin got inside info about the imminent opening of those "international Chinese" sites, and stocked in bitcoins in order to move their trading over there.