overseas establishment
The background of qfii is that a country's currency is not fully convertible and its capital account is not fully open. At this time, if some foreign institutional capital wants to enter that country, it must be specially managed, and the establishment of qualified foreign institutional investors is to deal with this situation.
From this perspective, qfii is some overseas institutions, such as overseas fund management companies, overseas insurance companies and overseas commercial banks. If the capital of these companies wants to enter China, they must be audited and meet the relevant regulations before they can become qualified domestic institutional investors.
This is an investment institution.
As an overseas institution, qfii's capital account must have a purpose if it wants to enter other countries. The primary purpose of capital is to increase value, so qfii plays the role of an investor. Qualified foreign institutional investors convert their own capital into the local currency of the investment country through regulatory provisions, and then invest, and finally achieve the purpose of maintaining and increasing value.
Common in overseas fund management companies, commercial banks, etc. To invest in our domestic stock market, they must become qualified foreign institutional investors. These institutions convert their own currencies into RMB, set up RMB accounts and securities accounts in China, and then buy and sell stocks in the stock market. In this process, qfii plays the role of an investor.
According to the above description, qfii has two main characteristics in its role: first, the subject belongs to overseas; Second, its purpose is to invest. Therefore, qfii is an overseas institution and an investor institution. /feed/37d 12 F2 EB 9389 b 5079 c6cd 32 1 17647 d4e 7 1 1 16e 65 . JPEG？ token = 64bd 4303 14 F2 b5 bfb 8 BFF 155 e 10a 7545