QFII对中国证券市场的影响外文翻译.doc

外文翻译 原文 QFII to Chinas securities market influence Material Source: OA library Author: Grinblatt Mark The official launch of QFII system was public opinion that following the end of 1996 in the current Renminbi freely convertible under the capital market in China since the opening up another milestone. As Chinas capital market services to open by the first step towards opening up the capital, the introduction of QFII system will help China attract more foreign direct investment and the sustained and stable development. Formally joined the WTO in after the introduction of QFII system proactively to attract foreign institutional investors into the capital markets and share the fruits of rapid economic growth in China is conducive to further attract foreign direct investment. At the same time, QFII will promote the introduction of foreign capital inflows, change the current trend of Chinas securities market downturn. QFII system open to foreign investment as the special access market, which to a country (region) capital market is the most direct and most obvious is the incremental impact of the continued inflow of funds. South Korea, India and the implementation of QFII system in Taiwan more than ten years, with a net inflow of foreign capital largely become an important institutional investors in emerging markets. Taiwan from 1983 QFII regime to launch a trial almost 20 years, during which QFII funds accumulated net import of 380 billion U.S. dollars, foreign ownership of the total market accounted for more than 6%, successfully resolved the introduction of foreign capital in Taiwan Province The big problem, sufficient capital inflows, to cultivate a large Taiwanese electronics industry development; South Korea in 1985, before the stock market downturn, the introduction of the QFII system, five years after the Korean stock market soared 5 times on the Korean capital market accelerate the development and economic, have played a significant role. QFII system is emerg