Research on Chinese Capital Account Liberalization under Soft Constraints

  • Heng Sun
Conference paper
Part of the Communications in Computer and Information Science book series (CCIS, volume 208)


This paper will discuss some unfavorable restraint factors influencing Chinese capital account liberalization progress. It will employ theoretical and empirical method to analyze the restraints of foreign reserve increase, foreign exchange administrative regime, imperfect industrial structure and changeable monetary policy to this liberalization with data (1993-2010) and chart. Then, it suggests some basic principles of progressive liberalization, flexible deregulation and differential administration At last, suggestive proposals of controlling foreign reserve quantity, establishing a flexible and effective exchange rate regime, accelerating the reform of industrial structure and setting up an emergent adjustment mechanism will be given. The innovative part of this paper is the establishment of emergent foreign reserve pool.


Capital Account Liberalization Soft Constraints Emergent Foreign Reserve Pool 


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    Zhang, Q.: Study on International Capital Flow and Foex Control Policy in China. Zhejiang Finance 8, 5–7 (2008)Google Scholar
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    Zhang, Z.: Capital Account of Opening China—Development of Sequencing Theory and Its Enlightenment for China. International Economic Review 2(1), 5–15 (2003)Google Scholar
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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  • Heng Sun
    • 1
  1. 1.School of BusinessShandong University at WeihaiWeihaiChina

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