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在我国,对资本市场开放一直较为慎重。一方面,限制国内居民投资境外的股票、债券、基金等金融产品,主要出于对境内机构和居民在涉外投资方面经验不足、风险管理能力较弱的考虑;另一方面,限制非居民投资国内的资本市场,主要是考虑到境外资金投入国内股票市场后,对其资金流向的监控难度较大。目前,对于资本市场的双向开放,我们借鉴了新兴市场国家的合格机构投资者制度。合格机构投资者(QII,Qualified Institutional Investor)制度,是指在资本项目尚未完全开放的情况下,有限度地
In our country, the capital market has been more cautious. On the one hand, the restrictions on inward investment of domestic residents in stocks, bonds, funds and other financial products are mainly due to their lack of experience in foreign investment in domestic institutions and residents and their weak risk management capabilities. On the other hand, restrictions on non-resident investment in China Of the capital market mainly due to the difficulty in monitoring the flow of funds after the overseas funds have been put into the domestic stock market. Currently, for the two-way liberalization of the capital market, we draw on the institutional investors’ qualifications in emerging market countries. QII (Qualified Institutional Investor) system refers to the capital project is not yet fully open, the limited