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With deepening degrees of economic and financial globalization, international capital flow's influence on China's capital market gradually increased. In the people's Bank of China remains the gradual appreciation of the Renminbi under the conditions of sale and purchase of foreign exchange, an important channel of influence of international capital inflow and outflow by central banks and other financial institutions ' balance sheet expansion and contraction, which in turn resulted in base money and goodsIncrease and decrease in money supply, causing interbank liquidity conditions and fluctuations in interest rates, promote equity and bond markets rose and fell. In fact, since many investors even 2010 7-day repurchase rate among banks as a leading indicator of the stock market reversed. Market for October balance of Foreign Exchange accounts for the continued negative growth for the first time after 45 monthsThis concern is not difficult to understand. October Exchange does growth mean that capital flight, multi-angle comprehensive forecasts and grasp the trend of international capital flows? Study on the current account and trade balance decision flows of capital between 2001 and the BOP, China, the current account surplus is the main foreign exchange reserves incrementSources close to 75%, and under the capital account inflows of 25% per cent of foreign exchange reserves increment. While the trade surplus and current account surpluses. Therefore, it can be said that the trade balance determines the basic directions and trends of international capital flows. Change of China's trade balance for supplying overseas have a seasonal Christmas market, in General, July, October and November of cargoScale higher trade surplus. Capital flows lagged goods flow to 1-2 months, September, December and January the following year by the Exchange to scale higher capital inflows. In the past 10 years, November, December and January foreign exchange accounted for incremental Exchange throughout the year to the incremental percentage in 11.4%, and 8.5%, respectively, higher than other months of the average monthly waterPing. Consider the scale of recent and future of China's trade surplus, is expected in November 2011 to March 2012 monthly average exchange incremental between 160 billion and 200 billion, below the normal level. But unless there are sharp deterioration of the situation in the European debt crisis, sustainable growth of the balance of Foreign Exchange accounts for less likely. Influence spreads, appreciation of RMB capital flows to lowRisk of interbank rates, for example, since the beginning of 2010, the mean value of China's interbank repo rate 7 days is 3% diablo 3 gold, 0.23% London us $ LIBOR interest rate 7 days to the same period, significant spreads determine the direction of capital inflows. Spreads lasted, on the scale of the expected volatility of capital flows of appreciation Diablo 3 Gold, Renminbi appreciation is expected to have strongLogging capabilities. To watch the Hong Kong market on a non-delivery forward rate and the difference between the spot exchange rate of RMB to monitor's appreciation. There are two main starting point: first, we believe that the foreign exchange market transactions of larger, reflected more fully and effectively; second, Hong Kong is an open economy, and of interference with the foreign exchange rates was relatively small, more realistic. 2010Months, affected by rising domestic inflation and negative effects of European debt crisis will spread abroad, the Renminbi appreciation is expected to decline from November 2010 yearly appreciation of the currency dropped to 4% in 0.6% and devaluation October. Since the beginning of November, because the domestic inflation received some control star wars the old republic power leveling, the expected depreciation of the Renminbi rateDown to 0.2%. Emerging economies into capital flow observation we can watch other emerging economies in international capital flows in order to assess the short-term fluctuation of China international capital flows. Preferred observation of of international capital flows in Hong Kong, the starting point two: first, Hong Kong is a small open economy, free flow of capital, not subject to capital controls; the other is Hong Kong's economic and financial aspects and majorHigher landing fusion, will treat Hong Kong as international capital flowing into China a beachhead. The linked exchange rate system as Hong Kong, international capital flows does not cause the Hong Kong dollar continued to rise, but monitor the Hong Kong dollar exchange rate has been able to master the basic direction of international capital flows: strong Hong Kong dollar in less than 7.8 square area flows, higher than the weak-side 7.8 area capital flowOut. The Hong Kong dollar in August and September this year European debt crisis and the United States after the sovereign credit rating was downgraded, many close to the weak side the old republic power leveling, show capital outflow. In October, although a bit better, but in November and observed trends in Hong Kong dollar weakened and outflow of funds. Global cool in this heat, we also looked at several other representative national and regional international financial flows, such as one of the BRIC countries of India, andOn behalf of newly industrializing countries of Korea, China, Taiwan, and so on. As you can see, long hard to put the European debt crisis swtor power leveling, United States after the sovereign credit ratings were cut in early August swtor power leveling, global risk premiums rise, Korea and China Taiwan capital outflow that showed a significant trend, India was slightly better, but only out of a relatively small scale. China international capital flow back: United States capital flowAround the world, recent international trend of capital outflow in emerging economies Diablo 3 Power Leveling, but sizes ranging from. These capital belong where is it? At the end of July to early August United States raising debt ceiling talks failed and the United States during the sovereign credit rating was downgraded, United States capital markets continued outflow of funds in just one month from the outflow of capital market resources of US $ 70 billion. This describes the risksFactor to rise, the global credit freeze and financial contraction appears. But since the beginning of September, particularly in October, despite the inflow of United States funds in the stock market has continued to reduce, but into the bond market in particular low-risk capital in the bond market continued to rise, United States Treasury yields lower, stronger dollar index at the same time, display superiority as dollar global centre for currency.It can be said that United States flows of capital market is emerging economies such as China international capital flow back of the coin: during the crisis or near crisis, lowered the overall scale of international capital flows will be, no one spared; under the high risk premium, limited international capital may need to return for haven United States; and economic and financial boom, United States and emerging economies, international capital flowsPositive feedback will render one both wing. We believe that the October international capital flows to China's size should have fallen, but financial institutions should not be negative growth of foreign exchange balance of 24.89 billion simply treated as capital flight. November 25, foreign exchange, the latest data released preliminary confirmed our judgment, October the Bank received payment for customers to achieve surpluses$ 10.9 billion Exchange settlement for customers to achieve surpluses of $ 3.2 billion, difference between entering foreign exchange accounts, balance of Foreign Exchange accounts in the month than last month, an increase of $ 6.9 billion. This shows the "international capital flight said" basically negative, but we need to combine more data for October released by people's Bank of China and foreign exchange reserves on the balance sheet, and so a more comprehensive and objective analysis.Under the influence of risk factors such as the European debt crisis, China international capital inflows and foreign currency money occupation may be lower than normal levels of scale, but unless there are dramatic external liquidity shocks, short term change preconditioning to fine-tune the main tone of China's monetary policy is unlikely. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only swtor power leveling, andDoes not constitute investment advice. Investor actions accordingly, and at your own risk.