徐晓松指出,在《公司法》实施9年来的今天,导致严格资本管制的环境发生了实质性的改变吗?尽管改革在不断推进,但答案却仍然不是肯定的。那么,目前中国放松资本管制的理由是什么?笔者认为,在严格的资本管制之下大量存在的抽逃出资与虚假出资,固然说明了管制的失策。但这在目前的中国,可能不是放松资本管制的理由,相反,倒有可能成为进一步加强管制的理由:严格管制产生的原因没有消除,一旦放松管制,有可能会使中国公司的资信在现有状况下进一步恶化,由此会进一步产生对管制的需求。因此,笔者 Xu Xiaosong pointed out: In the nine years since the Company Law was implemented, has the environment resulting in strict capital controls undergone a substantive change? Although the reform is advancing constantly, the answer is still not affirmative. So, at present, what are the reasons for the relaxation of capital controls in China? The author believes that under the strict capital controls exist a large number of capital flight and false capital contributions, of course, illustrates the regulatory failure. However, in present China, this may not be the reason for easing capital controls. On the contrary, it may become a reason for further strengthening the control: the reasons for strict control are not eliminated. Once deregulation is possible, the creditworthiness of Chinese companies may be reduced to the existing Further deterioration of the situation, which will further generate regulatory requirements. Therefore, the author