Query method: Under normal circumstances, after the subscription and redemption business is opened, the net value of fund shares on T day (opening day) will be announced through the fund website on the evening of T+1 working day.
The QDII (QUALIFIED DOMESTIC INSTITUTIONAL INVESTORS, QDII) system was first proposed by the Hong Kong government department. It is similar to CDR (depositary receipts) and QFII (QUALIFIED) (the qualification system for foreign institutional investors to invest in the mainland).
FOREIGN INSTITUTIONAL INVESTORS) will be a stopgap measure for the opening up of mainland capital markets under foreign exchange controls to allow domestic investors to invest in overseas capital markets when capital account items are not fully liberalized.
QDII means that mainland residents will be allowed to invest in overseas capital markets with foreign currency. For now, it means investing in the Hong Kong capital market.
QDII can accumulate experience for my country’s orderly opening of capital markets and will play a positive role in cultivating mainland institutional investors.
Especially for the Hong Kong capital market, although judging from the funding situation, it may only be a drop in the bucket for the Hong Kong market, which has a market value of nearly 3.4 trillion Hong Kong dollars. According to relevant experts, if QDII is allowed to be implemented, the initial capital entering the Hong Kong market will not exceed 50%.
One hundred million U.S. dollars.
However, on the one hand, QDII is a proposal put forward by the Hong Kong government to the central government, and the central government has given it serious consideration and implemented it, and there has never been a precedent for allowing domestic investors to invest in overseas markets, which shows Hong Kong's status in the heart of the central government; on the other hand,
QDII will mean that China’s capital market has finally begun to steadily open to the outside world.
This positive impact on the market is extremely far-reaching.