On July 9, 2003, the chief representative of UBS China called Shenyin Wanguo Securities Company at the Grand Hyatt Hotel in Beijing Oriental (Information Forum) and completed the first transaction through the latter’s dedicated seat for QFII business. With A-share buying transactions, the market's long-awaited QFII business has entered a substantive operational stage.

Joining the WTO is a two-way commitment. While China is opening its market to the world, the international market has also opened the door for China.

my country's fund management companies are not yet able to invest in the international securities market, so they cannot realize asset allocation for domestic investors on a global scale, and they can only share the fruits of global economic growth to a limited extent. . Therefore, corresponding to the implementation of the "bringing in" strategy, the Chinese fund industry's "going out" strategy is also being organized and implemented intensively.

Qualified Domestic Institutional Investor (QDII) is one of the important institutional arrangements. Implementing QFII and studying QDII have become important elements of the next step for China’s fund industry to open up to the outside world.