With the continuous development of economic globalization and the liberalization\nof Chinaâ??s capital account, and the scale and frequency of international\ncapital flow are constantly increasing. These cross-border capital flows\nnot only promote the domestic economic development, but also bring many\npotential risks to the domestic economic and financial system. Many international\norganizationsâ?? and countriesâ?? views on the capital control also changed,\nand put forwarded the policy framework of capital flow management, including\nmacro prudence and capital flow management. Furthermore, the capital control\npolicy itself and its effect also become the focus of governments and the\nacademia. Based on the establishment of monthly and quarterly capital control\nindicators in 1995-2018, this paper analyzed the characteristics and trends\nof Chinaâ??s capital control policy. The results show that: the intensity of Chinaâ??s\ncapital control policy is fluctuating and decreasing, and the restrictions are\ngradually relaxed, and the development of economic globalization is obviously\naffected by domestic economic environment and international factors.
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