2. Equity funds: With the new regulations on the positions of equity funds coming into effect on August 8, 20 15, the so-called equity funds mean that the stock positions of equity funds cannot be less than 80%. (The rule that more than 60% of fund assets are invested in stocks has become history. At present, there are bond funds and money market funds besides stock funds in China. Bond funds refer to funds in which more than 80% of the fund assets are invested in bonds. In China, the main investment targets are government bonds, financial bonds and corporate bonds. Money market funds refer to funds that only invest in money market instruments.
3.qfii Fund: As a transitional institutional arrangement, QFII system is a special channel to realize the orderly and steady opening of the securities market in countries and regions where the capital account has not been fully opened. Market experience including South Korea, China, Taiwan Province Province, India and Brazil shows that QFII is a stable way to introduce foreign capital through the capital market when the currency is not freely convertible. Under this system, QFII will be allowed to remit a certain amount of foreign exchange funds and convert them into local currency, and invest in the local securities market through a special account under strict supervision and management. All kinds of capital gains, including dividends, bid-ask spreads, etc., can be converted into foreign exchange for remittance after examination, which is actually a limited opening of the domestic securities market to foreign investors.