The Research On The Influence On The Stock Market After The Program Of QFII

The system of Qualified Foreign Institutional Investor allows those foreign Institutional Investores who are qualified rimitting in and out foreign funds under certern rules,then these funds can invest in local stock market under supervisement,and the profits and interest they earn can be remitted out under allowance .Such a system is factual choice for the economical entity who forbids it's money to be exchanged freely.The system of Qualified Foreign Institutional Investor is a kind of innovation under the purpose of keeping sage of finance of those marketing countries and areas.It has worked successfully in many countries including Korea,Brazil and Taiwan of China , meanwhile ,it also brings risks .Through both the comparison of the system of QFII between China and those who carries out the same system and the analysis of the invest characters of those QFIIs, also under the positive analysis, this assay gives out the character of the system in China,and also lists out the short-term and long-term influence on the stock market in China ,and makes a conclusion of the factors which lead to the influence.At last, this assay makes out the final suggestions for the development of the system of Qualified Foreign Institutional Investor.