CAJ | 학술논문

我国QFII和QDII制度是人民币资本项目可自由兑换的重要阶段。QFII和QDII近年取得较快发展,但亦面临QFII规模偏小、我国资本市场对其吸引力不够,QDII缺乏海外投资经验、亏损严重等问题。需要完善资本市场功能,为QFII制度的实施营造良好的投资环境;加强QDII风险管理,提高QDII境外投资管理能力;加强监管,健全和完善＂双Q＂制度,促进跨境证券投资持续健康发展。
아국QFII화QDII제도시인민폐자본항목가자유태환적중요계단。QFII화QDII근년취득교쾌발전,단역면림QFII규모편소、아국자본시장대기흡인력불구,QDII결핍해외투자경험、우손엄중등문제。수요완선자본시장공능,위QFII제도적실시영조량호적투자배경;가강QDII풍험관리,제고QDII경외투자관리능력;가강감관,건전화완선＂쌍Q＂제도,촉진과경증권투자지속건강발전。
QFII and QDII system is the important stage of RMB Capital Account Free Convertibility in our country.＂Two Q＂ system has developed greatly in recent years,but faces some problems such as the small scale of OFII,lack of attraction in capital market,lack of oversea investment experience and severe deficit in QDII.It is required to perfect the function of capital market in order to create a good investment environment for the OFII implement,enhance the QDII＇s risk management and promote its oversea investment ability,strengthen supervision and control,perfect the ＂two Q＂ system to promote the sustainable and healthy development of cross-border security investment.