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随着QFII 的引入和QDII 开放的呼声日高，A 股rrrrrrrrn的国际化——即某种程度上的资本开放已被提上了rrrrrrrrn议事日程。在这一背景下，A 股的整体估值会发生何rrrrrrrrn种变化，换言之，A 股的走势将因此受到何种影响，rrrrrrrrn向下、向上还是大体如故？面临开放压力，经历了rrrrrrrrn三年连续下跌，1300 点的中国股市将何去何从？rrrrrrrrn要寻找上述问题的答案，必须将视野拓展到全球rrrrrrrrn化的角度，研究尚属封闭市场的中国A 股，在其定rrrrrrrrn价体系与国际接轨、融入国际资本市场的过程中可rrrrrrrrn资借鉴的国际经验。rrrrrrrrn在此，我们将选取一种不同于以往对各地区市场rrrrrrrrn定价模式的比较研究的方法，研究资本全球流动下rrrrrrrrn国际投资人对不同国家、不同地域资产的价值评估，rrrrrrrrn以寻找中国A 股真正的价值中枢所在。
With the introduction of QFIIs and the growing quest for QDII opening up, the internationalization of A shares - that is, a certain degree of capital liberalization has been put on R r r r r r r r n agenda. In this context, the overall valuation of A-shares will occur in a variety of changes, in other words, A-share trend will be what kind of impact, r r r r r r r r n down, up or roughly the same? Faced with the pressure of opening up, experienced a continuous decline in three years, the 1300 stock market in China will go from here? r r r r r r r r n To find answers to these questions, you must extend your horizons to the global From the angle of view, it is very important to study the Chinese A-shares that are still closed in the market. In the process of establishing the international price system and integrating the price system into the international capital market, r r r r r r r nInternational experience borrowed from. Here, we will choose a different from the past on the various regions of the market r r r r r r r r n pricing model of comparative research methods to study the global capital flows of international investors in different countries, different regions of the value of assets assessment, r r r r r r r r r r r r n to find the true value of China’s A central hub.