QFII制度是引进外资 ,开放资本市场的一种过渡性制度。对于我国这一新兴市场经济的国家而言 ,QFII的引入与我国的证券市场的发展相适应 ,对推动资本市场的国际化具有重要意义。然而只有对影响QFII制度效果的因素加以分析和采取相应的对策 ,才能更好地使其为我国证券市场的健康发展服务 The QFII system is a transitional system that introduces foreign capital and opens up the capital market. For China, a country with emerging market economy, the introduction of QFII is compatible with the development of China’s securities market and is of great significance to promoting the internationalization of capital markets. However, only by analyzing the factors that affect the effect of the QFII system and adopting appropriate countermeasures, can we better serve the healthy development of the securities market in our country