Research On The Regulation Of Cross-border Cash Flows Of Current Account

In the background of economic globalization,short-term international capital flow is accelerating.As rapid growing of China’s economy in recent years, Affected by some factors, such as the expected of appreciation of the renminbi and domestic asset prices rise rapidly, and so on, Offshore arbitrage funds that goes into the domestic and access to foreign exchange settlement through a variety of ways has become increasingly apparent. China’s international balance of payments have maintained long-term double surplus for nearly a decade, Foreign exchange reserves increased rapidly, this restricts the macroeconomic regulation and control of the economy in our country on a certain level. Today, the hot money usually have four ways to enter China, the capital account, underground banks, current account and cash. Main ways include some funds in and out of a project, such as false or part of a false trade and non-trade, foreign debt, foreign investment, and unilateral transfers. Specific in terms of current account, Domestic foreign trade enterprises to export, can not only introduct of hot money from high to low import and false trade export, preparing false contracts, but also can put the money stuck at home by deferred payment, payment in advance, and other forms of trade credit. Second, the individual also can avoid regulatory authorities of the foreign exchange funds monitoring by false donation, current transfers and some other ways.As the yuan appreciation pressure factors continue to exist, the trend of international hot money going into China did not significantly dilute, the damage to the real economy is gradually intensified.International financial crisis and the damage it brings Keep reminding authorities to be vigilant. Under this background, the research on how to strengthen the supervision of cross-border capital flows has important practical significance.This article is divided into seven chapters, discusses the necessary of superviseing of current account cross-border capital flow, regulatory status and results, the problems existed and experience of other countries, analyzes the various problems encountered in the superviseing of current account cross-border capital flow. And put forward the corresponding policy and recommendations. This article is object to cross-border capital flows, aims to study short-term,often project cash flows. In reality, the current and capital accounts are transformed in capital form, the article will take a few pages to analysis short-term capital flows.