Study On The Relationship Between Foreigncurrency Policies Under Capital Accounts Andthe Developmet Of Market In China

Based on a large quantity of previous study of the researchers, it is commonly recognized that the liberalization of capital accounts is an inevitable process of the capital market development. In China, the capital market is gradually opening up. Since 2001, many foreign currency policies under capital accounts were promulgated. Therefore, the effects of these policies on the capital market open-up and the performance of the capital market under these policies were observed through figures and graphs. Through the observation, it tried to interpret the relationship between the foreign currency policies under capital accounts and the open-up and development of the capital market. It also referred to the study results of the previous researchers on the relationship between liberalization of capital accounts and other policies such as macro economic policies, monetary policies, fiscal policies, etc. Based on these observation, analysis and studies, we come up to some suggestions to the future development of capital market development and its policies. It is suggested that under current situation we could reasonably accelerate the steps of capital market open-up and expand its effect; that we should further set up higher level of regulations and laws on it to improve their efficiency and that the other policies including macro economic policies, monetary and fiscal polices should work together to support each other to make the synergistic effect to lead the healthy open-up of capital market and consequently the healthy development of economy.