About QFII's Introduction And Info-ventilation Systems

In December 2002, the QFII System has been introduced in China, which is the first step for the Chinese capital market to confront with the international environments. Herewith, the QFII System became the central attention of the public and they also made a lot of exploitation around the system. But up to now, for the QFII is still new to the Chinese, people seemly to pay much attention to the model effects and mainly analyzed the advantages or disadvantages to the market, which made the focus on the necessity of the QFII introduction; or they only started with the practice of the Chinese security business to point out the QFII System defects, which is obviously short of the theoretical studies. So, on the basis of info-dissymmetry theory of the economy, the paper mainly analyzed the core cause of obstacle from the QFII System and explored the consummating method of the info-ventilation systems under the environments nowadays. The writer emphasized that we should harmonize the relations among the demands, supply and the supervision of the information and build up a good example of the info-consummation in the security business to boost up the affinity of the investors, which only in this way can we put the QFII System into practice easily.The paper is composed of four sects: Section one, starting with the explanation of the basic notion of QFII, the writer has made a overall introduction to the institutional frame of QFII and emphasized the necessity of the QFII application; Section two, according to the market practice in China, the writer has analyzed the different obstacles caused from the QFII, and emphasized on the info-asymmetry is the main one from the QFII. Section three, invoking the info-asymmetry theories of the economy, the writer deeply analyzed the probable influence on the Chinese market; Section four, the writer has proposed the practicable methods toovercome the obstacles of the info-asymmetry-to consummate theinfo-ventilation systems, mainly contained the proposal of the demands, supplies and supervision of the information improving.