Forecasting the impacts of ongoing Chinese capital account liberalisation is an art rather than science. However, we may still raise the most important questions and might as well get some answers using the international research results. For example, how much capital may flow from China abroad and vice versa in the coming years? Through which channels may the investments flow? According to the market and expert expectations the two-way portfolio investments may increase dynamically in the future, and outward portfolio investments may gradually replace some of the foreign exchange reserves within the international assets of China. In addition, China may not only be the recipient of the direct investment inflows, but more and more outward FDI may originate from China. However, the outcomes and the speed of the process greatly depends on whether the Chinese policy-makers remain committed to the reforms. Naturally, the circumspection similar to that when one crosses the river is also justified on the part of China’s counterparty countries, including Hungary, when assessing and grabbing the opportunities.