>The capital is the most important restraint that emerging markets are confronted with.International capital flows can not only bring value-added effect to emerging markets，but also bring economic crisis.Since 1990s，international capital flows accelerate to emerging markets.Currently，international capital is accelerating to flow in emerging markets in East Asia and Southeast Asia.On the one hand，emerging markets should grasp the opportunity to take advantage of international capital to develop economies.On the other hand，emerging markets should prevent financial risks that are brought by international capital.