QFⅡ制度与我国证券市场国际化

【作者】 王欢；

【导师】 丁育生；

【作者基本信息】 南京理工大学 ， 国际贸易学， 2004， 硕士

【摘要】 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。证券市场国际化是金融全球化的重要组成部分，我国证券市场国际化是一个循序渐进的过程，QFII制度在我国证券市场的国际化进程中扮演着重要的角色。 以我国台湾地区为代表的亚洲新兴证券市场，在QFII制度的实施过程中有许多成熟的经验和模式可供国内证券市场借鉴。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。我国证券市场国际化的发展战略，要从我国证券市场的实际情况出发，选择合适的时机和模式开放国内证券市场，并制定相应的阶段性安排。更多还原

【Abstract】 QFII is a system, which allows qualified foreign institutional investors to invest the new developing security market in terms that the capital account has not been totally opened yet, it is a kind of transitional system for the opening of security market. The internationalization of security market is an important part of the financial globalization, the internationalization of security market of China is a progressive course, QFII system is playing an important role in the opening process of security market.As a representative of Asian new developing security markets, Taiwan has more than enough QFII experience and modes, which could be perfectly referred to when studying the domestic security market. Chinese domestic security market can not totally imitate oversea experience and mode just because of its particularity and complexity. The developing strategy of the internationalization of domestic security market should be based on actual conditions, choosing sound timing and mode to open the domestic security market while accordingly making the staggered arrangement.更多还原