QDII, the Qualified Domestic Institutional Investor (QualifiedDomesticInstitutionalInvestors) with the QFII (qualified foreign institutional investors QualifiedForeignIn-stitutionalInvestors) corresponds to an investment system is completely open capital account is not the case, allowing the territory recognized by the Government financial and investment institutions to invest overseas capital market mechanisms. It is reported that, QDII through the establishment of a number of the closed-end funds denominated in foreign currencies to invest in overseas securities market.
Recently, there have been indications, QDII policy introduced in .5 months in full swing,UGGs, China Insurance Regulatory Commission Vice Chairman Li Kemu,UGG bailey button, says that future policy vision is that , you need to experience the agent bank, which the bank provides greater business development platform.
QDII introduction of Shanghai and Shenzhen stock markets may be in the funds and the Hong Kong stock market, causing a certain extent. one of the most image of the analogy is, if the Shenzhen and Shanghai market is a sand, the sand next to the Hong Kong market is the funnel, the funnel if the lid open, the sand will continue to flow. revert to reality, the sand is the Shenzhen and Shanghai market funds funnel lid may be QDII. Many securities analysts believe that the Shanghai and Shenzhen to Hong Kong after the introduction of QDII investment value of the market, price-earnings ratio should not simply from the point of view, but should explore the Hong Kong market and the future direction of Shanghai and Shenzhen stock markets and its real intrinsic value, which can decide the future direction of capital flows and the true value of the stock. According to investment banking newspaper reported in Sichuan, for a QDII, the mainland market and Hong Kong stock market sorrows and joys are different, the Shanghai and Shenzhen broader market slump means a continuous Five thousand years of line and break off the market panic is evident.
QDII will actually bring? capital outflows seem to be the most direct impact. But in fact, QDII license the initial implementation is with the nature of this Although the tailgate when the funds have been canceled, but will not release the hole too big, QDII implementation will be very limited scale. So the implementation of QDII funds face tightening of the stock market that did not have much basis in fact.
But the market's performance really should not be overlooked that the harmful effects of QDII. This destruction QDII reflected the impact on investor psychology. From this point of analysis,UGG shoes, QDII truly bring the Chinese stock market is a further line with international standards kinds of psychological expectations. Although we can not simply come down integration is the central conclusion of the price, but it does the stock market will be of a higher pressure.
The QDII implementation is not because of the mainland stock market has completely lost investment value? The answer is not exactly. the Hong Kong stock market, for example, although the mainland market than the level of its price-earnings ratio is much lower, but the low price-earnings ratio phenomenon from a large extent the level of price-earnings ratio of large stocks, rather than the entire market. with the factors analysis, the mainland stock market in the infrastructure, resources, and some manufacturing industries there are still some parity advantage. but also more importantly, in considering the differences in earnings levels,cheap UGG boots, when the mainland stock market and maturity is also reflected differences in the stock market great for the absolute price gap, that blue chip companies and a greater difference in stock price underperformance. This also means that the implementation of QDII structural adjustment will bring the stock market even further. Maybe it is where the real impact of QDII .
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