A Study On The International Hot Money And Chinese Financial Security

National economic security as an important part of non-traditional security impacts on national security much deelpy.The finance is the core of the economy,so the natioanl financial security determines the national economic security in some extent.The flow of international hot money is threating the natioanl financial security directly,and even causing the financial crisis.Meanwhile,China now as the world largest developing country and the world second largest economy has a huge impact on the international society.Chinese financial security is affecting the national security;the influence of international hot money on Chinese financial security can not be belittled.It’s worth studying how the international hot money affects the national financial security.This paper analyses the elements and the features of international hot money and constructs the analytical paradigm of national financial security needs.Through the case study,it also analyses the transmission mechanism between international hot money and financial crisis,as well as the influence mechanism between international hot money and financial security,making a conclusion that international hot money initially attacks the basic needs of financial security and transfers to affect the development needs.China is facing a much more complicated internal and external financial security environment,such as the weak recovery of global economy and the adjustment of domestic economic structure,where the challenge is greater than the opportunity.Although strict capital controls is carrying out toward the international hot money in main land,the international hot money flows into the domestic through the ways of trading account,capital market,illegal channels,presenting a trend of flight.The disorder flow of international hot money in China initially attacks the sub basic needs of financial security such as the market the economy and financial institutions,making different influence towards the stock market,foreign exchange market,real-economy,balance of international payment and bank industry.And it also affects the effectiveness of the national monetary policy,enhances difficulty to china financial regulation.China needs systematical measures to solve the influence of international hot money on national financial security needs.On one hand,china has to protect the the development needs of financial security in order to strengthen ability to resist the risk of international hot money.On the other hand,china has to protect the basic needs of financial security intend to ease or avoid the effect of international hot money.Thus,this paper proposes a series of strategic choices and risk management measures to guard against the risks of international hot money,so as to defense the basic and the developing needs of national financial security,which can be referenced by the government.