the phonetic symbol is "kju' fei". QFII（Qualified Foreign Institutional Investor）。

China overseas fund management institutions, insurance companies, securities companies, commercial banks and other asset management institutions that meet the provisions of the Measures for the Administration of Domestic Securities Investment by Qualified Foreign Institutional Investors, are approved by the China Securities Regulatory Commission to invest in the China securities market, and have been approved by the State Administration of Foreign Exchange.

Extended information:

The essence of p>QFII system is a creative capital control. Under this mechanism, anyone who intends to invest in the domestic capital market must buy and sell securities through qualified institutions, so that the government can carry out foreign exchange supervision and macro-control, with the aim of reducing the impact of capital flows, especially short-term "hot money", on the domestic economy and the securities market.

through the QFII system, the management can make necessary restrictions and guidance on the entry of foreign capital, so as to adapt it to the economic development of the country and the development of the securities market, control the influence of foreign capital on the independence of the country's economy, curb the impact of speculative hot money from abroad on the country's economy, promote the internationalization of the capital market and promote the healthy development of the capital market.

Baidu Encyclopedia-Qualified Foreign Institutional Investors