外资是我国改革开放后经济发展的重要推动力.本文研究的外资是外人对国内达到控制事业水平的投资,统计中称外商直接投资,属于狭义的外资范畴,不包括政府和金融机构间的资金转移、外人购买的本国公司债券以及外人购买的达不到控股比例的普通证券投资.一、投资的规模与形成机制改革开放以来,我国外资增长大体可分两个阶段.1991年以前缓慢增长.1982年前平均每年不足5亿美元,1986年突破20亿美元.1992年以后,外资迅速上升,明显超过贷款数,当年突破100亿美元.1993年达260亿美元,仅次于美国居世界第二位.到1993年底,我国在境外企业4497家,中方投资总额51.6亿美元,按资金净输入额,我国在1993年已居世界首位.1994年我国引入外资340亿美元.根据预测,1995年吸引外资可达385亿美元,保持良好的增长趋势.外资大规模进入我国有国际与国内的原由.(1)世界经济的国际化与一体化.国际资本进入无国境经营时代,在全球范围内寻找最佳投资点,哪里具备良好投资环 Foreign investment is an important driving force for the economic development of our country after the reform and opening up.The foreign capital studied in this paper is the foreign investment in the country to control the level of business, statistics that foreign direct investment, is a narrow range of foreign investment, excluding funds between government and financial institutions Transfer, domestic corporate bonds bought by foreigners, and ordinary securities purchased by outsiders that can not reach the holding ratio I. Size and Mechanism of Investment Since the reform and opening up, the growth of foreign investment in our country can be divided into two stages in general, with a slow growth before 1991. Before 1982, it averaged less than 500 million U.S. dollars each year and exceeded 2 billion U.S. dollars in 1986. After 1992, the foreign capital rose rapidly and exceeded the number of loans by more than 10 billion U.S. dollars in 1993. It reached 26 billion U.S. dollars in 1993, By the end of 1993, China had 4497 ​​overseas enterprises with a total investment of 5.16 billion U.S. dollars, which ranked the first in the world in 1993 according to the net input of funds .In 1994, China introduced 34 billion U.S. dollars of foreign investment. According to the forecast, in 1995 Attracting foreign capital up to 38.5 billion U.S. dollars and maintaining a good growth trend. The large-scale entry of foreign capital into China has both international and domestic reasons. (1) Internationalization of the World Economy and Integration of international capital into the era of borderless operations in the global search for the best investment point, where there is a good investment ring