|
||||||||||||||||||
Data:2009-12-12 2:34
QDII, the Qualified Domestic Institutional Investor (QualifiedDomesticInstitutionalInvestors) with the QFII (qualified foreign institutional investors QualifiedForeignIn-stitutionalInvestors) corresponds to an investment system is defined as a completely open capital account is not the case, allow the government recognized the territory of financial and investment institutions to invest in overseas capital market mechanisms. It is learned that, QDII through the establishment of a number of foreign currency denominated closed-end funds to invest in overseas securities market.
Recently, there have been indications, QDII policy implementation has been in full swing in progress. 5 months, the China Insurance Regulatory Commission Vice Chairman Li Kemu, says that the policy of the future vision is that "insurance companies can invest in A-share market, can also be used free foreign exchange capital investment overseas capital markets." Overseas investment of insurance capital for the market also need to QDII policy support, "I hope that policy will be introduced during the year." early in June, the CBRC Chairman Liu stated clearly that China's qualified domestic investors in the forthcoming management approach. After the introduction of this approach, the need for experienced agent bank to do it for banks to provide greater business development platform.
The introduction of QDII may be in the Shenzhen and Shanghai stock market and the Hong Kong stock market funds, causing a certain extent. One of the most vivid metaphor, if the market is a sand Shanghai and Shenzhen, the Hong Kong market is the sand next to the funnel, the funnel if the opening of the lid, sand will continue to flow. Revert to the reality, the sand is the Shenzhen and Shanghai market funds, funnel lid is probably the QDII.
Many security analysts agree that after the introduction of QDII to analyze the investment value of the Shenzhen and Shanghai to Hong Kong market, should not simply from the price-earnings ratio point of view, but should explore the Hong Kong market and the Shanghai and Shenzhen markets, the future direction of its real intrinsic value, This will decide the future direction of capital flows and stock of real value.