My Theory Permit To The QFII System Effect The Foreign Exchange Market And The Monetary Policy

Economical globalization advancement oneself after becomes now the world irresistible main melody; the capital essential factor opening to the outside world inevitably becomes the economical globalization the important constituent. According to the WTO finance service agreement request, Mainland China stock market must the opening to the outside world, the QFII system be precisely gradually was proposed as our country opening capital project and the stock market transition form system. But not yet lets loose, in the domestic stock market also very much imperfect situation in a capital project promotes the QFII system, can have the influence inevitably to the domestic economical aspects. This article analyzes QFII to our country foreign exchange market and the monetary policy influence, has the obvious practical significance.The author through to have about the QFII system literature summary, discovered current mostly pauses to the QFII research in to the QFII system introduction and to the capital market influence aspect. Very little involves to QFII to our country foreign exchange market and the monetary policy influence, even if involves also is the word, has not carried on the systematic characteristic and theoretical the analysis. In view of this blank, this article for the first time systematic has analyzed the QFII system from the theory and the real diagnosis two aspects to our country foreign exchange market and the monetary policy influence, has certain innovation.This article mainly is divided five parts:The first part mainly carries on the elaboration to QFII and the correlation concept. Mainly includes the QFII system the definition, the QFII system proposes the background, the QFII system conduction mechanism, the operation flow, the fund mobile pattern and the our country QFII system main characteristic.The second part mainly elaborated the reason, which the QFII system proposed. Our country proposed the QFII system main reason includes: Acceleration stock market opening advancement, use foreign capital form diversification, acceleration RMB free exchange, improvement stock market investment structure and investment idea need and so on five aspects. Beyond the border the organization investor invests the domestic stock market the main reason to include: The profit and stemming from the Chinese politics in stable consideration for a long time to the Chinese economy which carries on the capital whole world disposition the need, continues the consideration, the share RMB revaluation which grows brings.The third part mainly elaborated the QFII system to our country foreign exchange market influence. Obtains from the correlation theoretical analysis, then from the RMB exchange rate,...