The paper discusses the management of capital items, pointing out that if one country wants to open up its capital market, it should consider the cost, profit and risk brought about by the opened capital market.

Since the mid-term and later period of 1990s,Chian’s financial reform has focused on the problem of RMB capital item’s exchange.

In present China s foreign exchange system, Renminbi is convertible in the range of regular items, there is still a strict control over the convertibility in capital item.

Influence of Capital Account on Current Account;

Arrangement of Capital Account in the Process of Flexibility-Oriented Reform of RMB Exchange Rate Regime——An Analysis Based on Experi-ence of Advanced Countries;

China s capital account administration under new circumstances;

Along with putting the Qualified Foreign Institutional Investors (QFII) into practice, China is relaxing the control toward capital items and having the enlargement of capital items opening.

The convertibility of capital items is a key link in the realization of the free conversion of Renminbi.

Then its convertibility in capital items is becoming a hot issue.

An Empirical Analysis on Sequence of China s Capital Account Liberalization;

Conditions of open Chinese capital account;

On Currency Substitution-Test and Policy Suggestions under the Opening of Capital Account;