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当今世界的证券市场国际化潮流与中国加入WTO,使中国大陆证券市场逐步深化对外开放成为不可阻挡的趋势,但在资本项目尚未放开与证券市场很不完善的情况下实现证券市场的平稳开放是...
当今世界的证券市场国际化潮流与中国加入WTO,使中国大陆证券市场逐步深化对外开放成为不可阻挡的趋势,但在资本项目尚未放开与证券市场很不完善的情况下实现证券市场的平稳开放是中国大陆证券监管当局面临的一大难题。在这样的大环境下,文章选取QFII 制度作为研究对象QFII制度是新兴市场国家或地区在资本账户尚未完全开放的条件下,允许合格境外机构投资者投资国内证券市场的制度,是证券市场开放的一种过渡性制度。我国证券市场具有新兴加转轨的双重特征,国内证券市场的特殊性和复杂性决定了证券市场开放不能完全照搬境外的经验和模式。本文第一部分讲我国建立QFII制度的出发点,还有QFII是怎样国际化的也同时例举了一些例子。第二部分讲QFII进入市场的背景,是在什么样的情况下建立的。第三部分是QFII对中国证券市场的积极影响。第四部分讲QFII对我国证券市场的消极影响。第五部分讲对我国证券市场发展的影响。第六部分讲我国QFII制度实施中遇到的问题。第七部分讲完善我国QFII制度的几点思考。
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Current and China of the stock market internationalization in the world join WTO nowadays and make China big six stock marketses gradually and deeply turn to outward open to become the trend that can't impede, but carry out a stock market under the sistuation that capital item's having not release be not very perfect with stock market of steady open is that China big six stock certificateses take charge of one great hard nut to crack that the authorities face.At thus of under the great environment, the QFII system of the article selection is under the condition that the QFII system of research object's ising newly arisen market nation or region hasn't completely openned in the capital account, allow the system that the qualified and offshore organization investor invests a local stock market, is a kind of transition system that the stock market open.The our country stock market have newly arisen add a dual characteristic of turn the track, special and complexity of local stock market come to a decision a stock market to open and can't completely shine on to move offshore experience and mode.This text the first part speak the point of departure of the QFII system of the our country establishment, also have QFII to how internationalize of also the example raised some examples in the meantime.The second part speaks that the QFII gets into the background of market, is what kind of under the circumstance establishment of.The third part is a QFII's aggressive influence for Chinese stock market.The four-part cent speaks QFII's negative influence for our country stock market.The fifth part speaks the influence which develops to the our country stock market.The sixth part speaks an our country, the QFII system meets in the implement of problem.The seventh part speaks perfect our country QFII system of what time thinking.
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