The Evaluation Of The Risk Factors Of Capital Market Opening In Emerging Market Countries

Economic globalization strengthen the economic ties between the countries. Atthe same time, more countries also change the operating mechanism of joining theworld economy. And this has accelerated the pace of opening up to the world. Inorder to get more profit, more and more countries choose to relax on their financeregulation in the process of opening up. As a new growth point of the world economy,the emerging market countries actively participate in the process of opening thecapital market, once again set off a wave of financial globalization. In this capitalmarket opening process of the emerging market countries, the influence of theopening of capital market is a double-edged sword to the open country. Not only itbrings the economic miracle to the opening country, but also is it the reason of thedevastating financial crisis. how to realize the maximum benefits and minimize riskbecomes the countries，s pursuit in the process of opening the capital market.The purpose of this paper: on the basis of analyzing the return and risk in thecapital market opening process of the emerging market countries, we will study themain risk factors in the capital market. this paper，s structure is clear and direct.Firstly, introduce the related concept and the theory about the capital market. Thenpoint the capital market returns and risks from the theory and practice. And have apreliminary study about risk factors and impact. Secondly, combine with the openingperformance of the emerging market countries in the opening process of capitalmarket, and summarize the experiences and lessons. Finally, on the basis of thetheoretical analysis and the results of empirical testing, providing policy suggestionsfor emerging market countries with accelerating the opening of capital marketincluding China. In this paper, we make the emerging countries as the research object bycomparison, and analyze the difference by focusing on the various factors that affectthe risk during the process of opening capital market.