The Opening Of Chinese Capital Account And National Economic Security

With the development that integrated with international economy and finance , financial liberalization and internationalized has a great process. while keeping the national economic security, the national economy and finance gradually opening to the outside world, relax the regulations about capital account, let the capital able to flow in the loose international environment freely, expanding new channel for utilizing the foreign capitals to develop the economic in this country, which become the new trend of international economy and finance development, become one realistic problem and theoretical question that developing countries must face. During the processing of developing market economy and setting up market economic system, our country have opened the current account on December 1, 1996, and the opening to the capital account was only a time question too. How does maintain Chinese economic security with capital opening, which is a question that is worth studying! So it is important and realistic that I choose capital account opening and national economic security as theme of studying. From the angle with open capital account, this text attempts to analyse how capital account opening take influence on national economic security by the information asymmetry theory among information economics. Then this text analyzes the effect of capital account opening by information asymmetry theory of information economics, and proposes the policy of developing country's financial opening. At last, we analyse Chinese capital account opening and expound the countermeasure. This text has many advantages below: studying capital account opening and economic security by the information asymmetry theory among information economics; pointing out that the serious information asymmetry is the inherent origin of the precarious international capital circulation on the international financial market now. After our country opens the capital account, international unstability flow of capital financial market in our country national economic security cause enormous impact proposing tactics choice about national economic security after capital account opening.After analysing the impact on national economic security of the capital account opening, I think, it is an inevitable choice that our country opens the item of the capital account, but should adhere to the scrupulous principle, push it into advance step by step, adopt essential policy and measure to coordinate, in order to drive the national economic security of our country after the open item of the capital, keep away and untie economic security risk of the capital account opening which our country faced.