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当前,作为资本市场开放的渐进投资配额制度,沪深股市引入QFⅡ已经转入实施阶段。QFⅡ进入沪深股市之后可能会对市场形成哪些方面的影响,开始为市场各方所广泛关注。一些希望通过QFⅡ进入沪深股市的外资金融机构的研究报告,一度成为市场追逐的热点。那么,应当如何看待QFⅡ进入之后的市场影响呢? 实际上,QFⅡ制度在海外市场上已经有了多年的运作经验,仅仅在亚洲,就先后有韩国、中国台湾地区和印度实施过QFⅡ制度。韩国于1992年实施QFⅡ政策,自1992年后,境外投资者连续10年保持资金净流入,累计总额为468.8亿美元。截至2002年,
At present, as a gradual investment quota system with open capital markets, the introduction of QFII into the Shanghai and Shenzhen stock markets has been put into implementation. QF Ⅱ into the Shanghai and Shenzhen stock markets may be formed on the market what impact, the market began to pay wide attention to all parties. Some hope to enter the Shanghai and Shenzhen stock markets through QF Ⅱ foreign financial institutions research report, once the market chase hot spots. How should QFII enter the market after its entry? In fact, the QFII system has been operating in overseas markets for many years. In Asia alone, QFII has been implemented in Korea, Taiwan and India. Since 1992, South Korea implemented the QFII policy. Since 1992, foreign investors have maintained a net inflow of funds for 10 consecutive years, with a total amount of 46.88 billion U.S. dollars. As of 2002,