| Our tunes has already entered financial globalization era, as the degree of the financial globalization is strengthened. The intention of taking part in the international financial market of China, who is in the stage of economy take-off, has got stronger. RMB has already begun to the capital and financial account exchangeable process partly after realizing exchanging in current account on December 1st, 1996, but this process was slowed down since the break out of Southeast Asia financial crisis 1997. Till the participation in WTO on December 11, 2001, China will open the domestic capital market to the foreign investor progressively again according to the relevant rules is its financial service agreement (FSA). The task to open the capital and financial account is becoming more urgent. But so far as economic conditions of China, a lot of respects are not ripe enough, opening will assume some uncertain risks. What kind of risks does the capital and financial account of China run into when it opens? How to prevent them? They are the realistic subjects which concern the economic development of China; mis thesis just launched research around the doubts.The full text can be divided into three parts altogether:The first part mainly introduces to open the capital and financial account in detail, including open definition, an open condition, the type, and various kinds of risks that the opening of capital and financial account may bring. The second part introduces the management course of capital financial account of China and the opening realistic foundation, including the cost-benefit analysis of capital controlling, and the development course of capital and financial account and foundation of opening. The third part is to analyze how to prevent the risk of the capital and financial account opening courses. It is a distinctive angle of this thesis: firstly, to analyze what kind of risks will be faced when opening, secondly, how to prevent them. |
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