Under the developing trend of the economic and financial globalization, capital account's opening is an important problem that many countries would meet including China. This article starts from the present status of capital account, uses concerned measure methods for capital account's open, measures and appraises the degree of the capital account's open for our country. Then this paper mostly analyses the economic effect caused by capital account's open, including proceeds effect and risk effect, and analyzes the relation between economic progress and capital account's open from the actual situation of our country, gains the conclusion that the opening of capital account boosts the economic progress of our country. In order to make capital account's open serve economic steady increase, this paper compares the experiences and lessons of different countries in the courses of capital account's open through analyses the course. The article considers that capital account's open should assort with a series of domestic reforms in the process of capital account's open in accordance with foreign experience, and puts forward detailed means and policies in the area of advancing the institutional arrangements ,mode and order arrangements for the opening of capital account. |