QFII Free Love Breaks The Heart Of A Shares.

In recent years, QFII and RQFII hope to further improve the flexibility of investment. In the future, the SFC will no longer make specific restrictions on the proportion of QFII and RQFII stock investment.

The SFC no longer makes specific restrictions on the proportion of QFII and RQFII stock investment. This new regulation is in line with the overall interests of China's capital market.

It not only helps enhance QFII

The attractiveness attracts more QFII investors for the development of China's capital market, and is also compatible with the development of China's capital market.

Of course, if we can take a higher view of the restriction on the cancellation of the proportion of QFII stock investment ratio, the new regulation of QFII is in line with the overall interests of China's capital market development.

After all, the rule that the proportion of QFII investing in stocks is no less than 50% is raised in 2010.

At that time, the capital market was mainly the A share market.

But in recent years, with the development of multi-level capital market, the new three board market is already quite large, and the bond market has also developed into an important market for corporate financing.

In addition, the construction of crude oil futures market is also in the process of preparation.

Therefore, in such a case, it is obviously not suitable for the development of China's capital market to bundle QFII into the A share market.

Instead of bundling QFII into the A share market, it is better to relax the QFII investment and let QFII decide its own investment direction.

In fact, there is no lack of public opinion that the CSRC has no specific restrictions on the proportion of QFII and RQFII stock investment.

Investment.

Because before that, the SFC set out the principle of "asset ratio of not less than 50%, and cash ratio not higher than 20%" in 2010's asset allocation of QFII.

This means that at least half of QFII's funds are invested in stocks.

RQFII has no similar requirement in stock investment, but only stipulates that the cash ratio of RQFII is no more than 20%.

Therefore, in the investment of RQFII, stock accounts for a relatively low proportion.

Because of this, after the "SFC will cancel the restrictions on the proportion of investment in QFII stock" after the introduction of the rumor, the market is worried that QFII will reduce the proportion of investment in stocks without the rigid regulation of "stock investment ratio of not less than 50%".

Therefore, some investors regard the news as a negative stock market.

If from a static point of view, cancel the QFII stock.

It is true that the proportion of the stock market can be a bad factor.

Because QFII institutions do not exclude the proportion of stock investment will be reduced to less than 50%.

Even so, the negative effect of this news is very limited.

Data show that in the second quarter of this year, the market capitalization of QFII investment stocks was only 109 billion 67 million yuan.

Therefore, even if the proportion of QFII investing in stocks falls, it will not have a big impact on the stock market.

More importantly, from the perspective of development, it is not necessarily a great advantage for the Chinese stock market to cancel the QFII share investment ratio.

When the CSRC clearly stipulates that the proportion of QFII investing in stocks is no less than 50%, the relationship between QFII investment and stock market is quite a binding relationship, which is "bundled couples".

It is not ruled out that more QFII comes from this.

And with more QFII institutions coming to China, these QFII will naturally divert part of the capital into the stock market and bring incremental capital to the stock market.

This is certainly a great advantage for the stock market.

Moreover, when the proportion of QFII stock investment is abolished, the stock market should attract more QFII to invest in the stock market. Therefore, more measures must be taken to keep QFII "root".

For example, as a regulator, we should try to create a "three public" investment environment, crack down on all kinds of illegal activities and attach importance to the protection of investors' rights and interests. As a listed company, we should increase shareholder awareness and pay attention to investors' returns.

If the stock market can really do this and perfect the system so as to achieve the purpose of attracting QFII, is this not a good thing for the healthy development of China's stock market? Indeed, this is the important contribution of the QFII system to China's stock market.