There are funds investing in Russian stock market in China, and there are several QDII fund products involving Russian stock market at present. Prudential BRIC Fund and Trademark invited BRIC Index Fund to be among QDII funds.
QDII fund is a securities investment fund approved by relevant state departments to engage in securities business such as stocks and bonds in overseas securities markets. Like QFII, it is also a transitional institutional arrangement, allowing domestic investors to invest in overseas securities markets to a limited extent when the currency is not fully convertible and the capital account is not yet open.
QDII means that mainland residents will be allowed to invest in overseas capital markets with foreign exchange. At present, QDII means investing in Hong Kong capital markets. QDII can accumulate experience for the orderly opening of China's capital market and play a positive role in cultivating mainland institutional investors. Especially for Hong Kong's capital market, although judging from the capital situation, it may be just a drop in the bucket for the Hong Kong market with a market value of nearly HK$ 3.4 trillion. According to the prediction of relevant experts, if QDII is allowed to be implemented, the funds entering the Hong Kong market in advance will not exceed 5 billion US dollars.
What is Liu Yu¡¯s position? Independent director of Yunda Co., Ltd.