Research On Risk Control Of Capital Market Under The RMB Appreciation

The capital market is a country an important component of the economy. Healthy development of the capital market not only for the country's economic security is of decisive significance, but also to the entire country's economic operation also plays a vital role.Under the perspective of RMB appreciation, the author gives a comprehensive and systematic research to the risk of China's capital market. The main contents of this paper include the following aspects:1. A brief overview of the capital market and capital market risks; the status quo and inadequacy of China's capital market; appreciation of the RMB exchange rate is expected to produce as well as on the reform of the RMB exchange rate development.2. From the existing risk of China's capital market, analyze the relationship between the revaluation of the RMB and the risk of capital market. Subsequently analyze the relativity to international floating capital and the risks of capital market, and briefly describe the classification of the financial risk. Then analyze China's capital market the risk mechanism. Based on the direct result of the appreciation of the RMB increased the risks in the capital market, focuse on the analysis of the indirect effects that the RMB appreciation bring to the increasing risks of China's capital market, and discover the inherent risk link between of the revaluation of the RMB and the risk of capital market.3. Based on China's actual situation, this Chapter takes the cases of the syndrome of yen's appreciation and the NTD's appreciation, analyzing the possible consequences that caused by currency appreciation. Then introduce the policy they deal with the crisis caused by the appreciation respectively, analyze the effect of their policy responses. At the end, propose significance that the international experience refer to prevention against the crisis caused by the appreciation.4. From China's actual situation ,the author proposes some policy measures to the risk of domestic capital market which caused by the appreciation of the RMB. Then under the China's appreciation of the RMB, make a further discuce to the risk prevention mechanisms of capital market. Finally from the government level, the financial institution level and the enterprise level, the author proposts specific and concrete measures.