关键词：QFII制度；实施障碍；制度性缺陷；投资环境
Calm thingking about the implementation of
QFII system in China securities market
Abstract: If the QFII system can be implemented favourably, it is beneficial to the gradual opening and development of China capital market. But the institutional defects of China capital market form the obstacles of the smooth implementation of QFII system.. Only starting with improving the system of capital market and promote the legal construction to build a good investment environment, can we Establish a solid foundation for the smooth implementation of QFII system.
Key words: QFII system; obstacles of implementation; investment environment
2002年7月，证监会主席周小川在深圳指出，中国将实行“合格的外国机构投资者”（QFII）制度。一时，QFII制度成为市场和学术机构的热门话题。笔者认为：QFII制度对中国股票市场的好处是不言而喻的，但鉴于目前中国证券市场的现实状况，对于QFII制度是否能在中国资本市场开放进程中发挥应有的作用、顺利引进中长期资金却不得不作一个冷静的思考。
