Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-03-22
QFII behind foreign investors, mostly finance-based investors, and its relatively high flow requirements, and mostly focus on fundamentals of rational investors. QFII mainly through the bid-ask spreads in the secondary market to profit. An important feature of QFII is not involved in governance of listed companies, their behavior is only the board of directors, the shareholders of the General Assembly of the voting results and the daily conduct of operations, changes in the environment to buy sell and make a passive behavior. Because of its investment characteristics and policy constraints, a QFII holding a stake in a listed company must be less than 10% of the total share capital.
Private equity funds (PE) and industrial investors are belong to the active participation in corporate governance, investors, who generally require access to the board, even in the equity arrangements, a small number of PE and most industry investors, is to require holding companies. In the share-trading state, PE and industrial investors into the Chinese A share listed companies, the way most of the negotiated transfer of non-tradable shares. PE and industrial investors to hold a stake in a listed company is generally greater than 10%, resulting in the board and shareholders have a significant voice in the General Assembly.
