The Discussion About The Problem Of How To Realize The RMB' Free Exchange

Alongside integration proceeding acceleration of global economic and finance, the degreas of China' s opening to the outside is going up higher and higher.To accomplish RMB' s completely free exchange,since free convertibility under the capital account.lt becomes inescapable trend of China' s market economic development.To accomplish free exchange under the capital account could give advancing China bringing about great potential benefit,if you premature advanced to open up your capital account.lt is also will make strong lash to the state economy.even it will cause to financial crisis.Facing to this double blades sword,we need only practise our exploit skill,actively to create realizing capital account' s precondition of convertible and establish a reasonable opening up steps,the risk aried could be avoided during the preceding of reform.The author used analysis method of combining the quantum and quality,static and dynamic.Cite numerous facts,data,we take the emphasis research on how to realize the preceding of RMB free exchange and strategy,foreign currency structual reform and RMB free exchange' s mutual act,on the precondition to relize free exchange under the capital account and all steps.Accarding to the state condition. We got the result from seven sides of Macro and Micro to realize the exchange freedom under the capital account for the precondition,to realize the exchange freedom of the capital account by five steps. Capital control is only the expedient measure,to realize RMB' s perfect exchange freedom is the ultimate aim of foreign currency structual reform,and also put forward personal view point for realizing RMB free exchange under the capital account and also used the method of comparative analysis,to sum up the experience and lesson of realizing capitalaccount convertible for developing country.We hope we could use the experience of other countries and combine it with china's national conditions,to make the reform of RMB free exchange conld trend favourable and avoid disadvantages ,proceed in an orderly way and come to the position step by step.