I pointed out at the same time that , since the balance of payments account must be in balance , corresponding to that large surplus in the current account there must have been an equally large deficit in the capital account , or capital outflow 同时我也指出由于国际收支平衡帐目必须平衡，所以既然往来帐有大盈馀，资本帐自然有同样大的赤字，亦即是资金流出。
Whatever the reasons behind the offsetting flows in the capital account , the increasing surplus in the current account means that the net foreign assets of hong kong individuals and institutions , already the highest in the world when measured against gdp , will increase further 无论资本帐流出流入的理由是甚么，往来帐盈馀增加，显示了本港居民及机构持有的境外资产净额
Capital account liberalisation , if the intention is to attract a net inflow of foreign savings , may therefore have to be structured and sequenced accordingly , involving , for a time , asymmetric international mobility of capital biased towards inflows 若开放资本帐的目的是吸引外资的净流入，开放政策便要有相应的结构及落实程序，使在一段时间内流入的国际资金数量多于流出的资金。
Other things being equal , this looks the likely course of events , but there are the rather large and unpredictable items in the capital account that can make things look very different , even if the current account moves into deficit 假设其他因素维持不变，这两种情况都有可能出现，但资本帐有一些项目的数额相当大，变化亦较难预料，即使经常帐出现赤字，它们都可能受到资本帐项目的变动所影响。
In this paper , focusing on three representative countries , we examine the comprehensive experiences of their capital account liberalization , especially their order of liberalization , so as to provide some reference for chinese capital account liberalization 本文选取三个典型国家作为研究对象，对其资本账户开放的实践过程进行综合比较，重点考察了开放顺序，以期为我国资本帐户的开放提供些许借鉴。
