The Research For The Influence Of QFII On China's Stock Market

QFⅡas a kind of transitional system for the limited degree of foreign investment and open capital markets, since the mid-1980s, with the new emerging market countries and regions generally focused on domestic financial markets and the liberalization of the capital account, QFⅡsystem emerge at a historic moment in Brazil, India, Korea and Taiwan regions.With the economic globalization and international and China's accession to the WTO, China's securities market has entered a new phase of development.From these countries and regions of securities market development experience, in a country has not fully implemented in the case of freely convertible currency, the introduction of qualified foreign institutional investors'funds, investment, management, and so on, these can increase the funding of the securities markets, improve the management concept of listed companies, regulate market behavior, strengthen information disclosure and transparency, prevent the short-term speculation and reduce stock market volatility.From the Qualified Foreign Institutional Investors Interim Measures on Management of Domestic Securities Investments rules was implemented on December 1,2002 to the Qualified Foreign Institutional Investors domestic securities investment exchange management regulations was implemented on September 29,2009,It evolved over the past 6 years. So far,87 foreign institutional investors to obtain approval, single-family investment quota raised to 10 billion U.S. dollars,the fund into A-share market has exceeded 15 billion U.S. dollars, so QFⅡChina's securities market has become a force that cannot be ignored.And in this six years, In Chinese stock market QFⅡ'investment has experienced the boom phase, collapse phase, the financial crisis in the United States, that for us to study the impact of China's securities markets provide a detailed and objective information. Reference the new emerging market countries and regions QFⅡexperience, based on the development of China's QFⅡstatus in recent years for us to conduct in-depth research to reveal the introduction of QFⅡsystem,to reveal what kinds impact of China's securities markets for the introduction of QFⅡon China's securities market emergence.