资本市场开放的重要一步客观地说 ,ＱＦＩＩ(合格境外机构投资者 )不是国际通行的做法 ,只是少数发展中国家的成功经验。因为发达国家货币可以自由兑换 ,不需要引进ＱＦＩＩ。而新兴市场经济本身千差万别 ,有的国家由于自身证券市场发展水平有限 ,经济欠发达 ,无法吸引外国资本 Objectively speaking, QFII (Qualified Foreign Institutional Investors) is not an internationally accepted practice but only a handful of successful experiences of developing countries. Because developed countries can freely convert the currency, do not need to introduce QFII. Emerging markets, however, vary widely in their own economy. Some countries, due to their limited level of development in the securities market and their underdeveloped economy, are unable to attract foreign capital