On The Off-site Foreign Exchange Administration Of Capital Account

Since entering the WTO, the pace of the reform and opening to the outside world has been speeded up. China is increasingly involved in the world economic integration. Foreign economy is developing vigorously and balance of international payments is keeping surplus. And the Chinese state foreign exchange reserve is increasing rapidly and has reached 1,066,300 billions dollars at the end of 2006.China has been the largest country of foreign exchange overstepping Japan. Under the background of this , with the continually deepen of reform of form-mechanism of RMB exchange rate the exchanging process of capital account will must speed up continually too. The convertibility is a process and there is no unified criterion, but it is generally believed that it can be drove on the base of the stabilization of finance and macroeconomic, the financial deregulation of the domestic and the strong ability of macro-control. As a developing country that at the stage reforming, we china still face many problem that make the reform slow. According to the practice, only we establish a basic supervision way of off-site regulatory that we could pursue successful manage and keep the risk in certain degree. Therefore, enforcing and improving the off-site regulatory has a great significance to convertibility of capital account which is of great progressive and steady.In recent years , in order to be seasoned with the change from direct administration to indirect foreign exchange administration, form examining and approving beforehand to regulatory afterwards, we have attached more importance and improvement to the off-site regulatory, but there are also some weak segments and deficiencies. Although the final goal of achieving exchangeable in capital account has come to the common understanding both at home and abroad, however , there are many problems need to be studied in more details.For example, in the opening procedure , how to strengthen the basis of regulatory step by step? What aspects should we focus on recently to perfect current off-site foreign exchange administration of capital account? How to construct the system of the off-site regulatory,and so on.This chapter is just under the guiding ideology of"Analysis overall and thorough. Lay stress on feasibility and manipulability", skimming through a flock of documentary material and researching report both at home and abroad about off-site foreign exchange administration of capital account, looking up current major regulation and systems of foreign exchange administration in our country, and abstained large quantities of statistical data, the latest information and researching outcome by means of all kinds of professional magazines and relevant websites, on this basis, we conceived the studying train of thought and frame of this thesis.The structure of this article can be divided into five parts. The first part starts from the definition of the capital item off-site regulatory, combining with the research achievement of capital item home and abroad, and points out the deficiency of the recent investigation. It brings forward the research thinking,approach. The second part, on the base of special examination about our country's capital item foreign exchange's general situation and the recent condition of management, we fully affirm our country that has gotten management success of capital item foreign exchange, and at the same time analyse the management distance. The third part points out the problem. The problem includes four aspects: the data we collect and share,the extent and depth of analysis, the cooperation of the off-site regulatory and site regulatory; the subrogation cantonment of foreign exchange appointed bank. Then, in virtue of the analysis about economics and public management's theory, designing reason and avail model, analysis the main reason,that is controlling efficiency,management category,personnel stuff and recognition of importance. The fourth part on combining and comparing with the international experience,try to learn from others's strong points to offset our weakness.The last part of the article, through the management method and mean's investigation, actively explores and builds the capital item foreign exchange off-site regulatory system, brings forward the conceiving of controlling mode and related assorted measures. Expects to know and discover the unusual capital fluxion in time on everyday management; thereby improves and consummates the foreign exchange management of capital item and leads the capital item foreign exchange fund to flow regularly and logically.