Comparison Study On QFII Supervision And Administration Legal System

The internationalization of securities markets in the world and China's entry into WTO make it an imperative trend for the opening-up of China's securities market to be gradual wide. But the capital market is still not wide open and the securities market is imperfect in China. Under this circumstance, it is a main problem to keep the securities market steadily while it is opening. At the same time, some other countries and areas enact a QFII system and get successful supervision experiences on QFII.Since China mainland actualized QFII system in due form in December, 2002, the discussion about actual QFII from security industry and scholars had not been appeased until the regulation was revised on August, 2006. The new regulation deleted and updated some specific articles according to the advice and suggestion, but we still can find some problems existing in the revised regulation, which can be improved continually. Therefore, other countries and areas'successful supervising experiences on QFII are worth of studying and using for reference to improve and perfect our supervision system on QFII.The comparison study on QFII supervision legal system of this essay mainly focuses on different contemporary and economic background in every country and area which executed QFII, major content of QFII supervision legal system in different countries and area, & patterns and the effects of different QFII supervision legal system:Different QFII supervision legal system must be born in different contemporary and economic background, and old Chinese story"South Orange can't be planted well in the north"just explained such principle. By comparison on different contemporary and economic background in different counties and area, we can understand why QFII comes out and exists; By comparison on Supervision Authority, the Content of Supervision (Market Access, Investment Object & Capital Management) and the Measures of Supervision (Information Disclosure & Trusteeship) between different countries and areas, we can understand how different countries and area operate QFII system and constitute their QFII supervision legal system; By comparison on the patterns of QFII supervision legal system & the effects after execution between different countries and areas, we get to know the effects of QFII supervision directly. Finally the specific suggestion and measures to improve our country's QFII supervision legal system is put forward based the comparison on other countries and areas successful experiences.