20038174EastChinaEconomicManagementAug.,2003Vol.17,No.4[]20030701[](1967),,,QFII(,233010)[]QFII,QFII,[]QFII;;;[]F830191[]A[]10075097(2003)04012502OninfluenceinChinasecuritiesmarketbyQFIIsystemWANGBiao(BengbuBranch,AnhuiTVUniversity,Bengbu233010,China)Abstract:IntroducingQFIIsystemistheneedofthecapitalofourcountryopeningtotheoutside.FortheChinesestockmarket,whileinthelongterm,QFIIisthesymbolofChinesestockmarketfurtheringitsopeninguptotheoutsideandithasdeepinfluenceforthefurtherdevelopmentofChinesestockmarket.Keywords:QFII;stockmarket;come2into2the2stock2marketcompany;influence2003526,(QFII),,QFIIQFIIQualifiedForeignInstitutional-Investors,,,,,,,,QFII,QFII,QFII1QFIIQFII,QFII,,,A,A,QFII,,,,QFII,,QFII,2,QFII,QFII,,,,,,QFII,,,3QFII,QFII,,QFII,,,,,4QFII,521,,,QFII,,,5,,;,,QFIIQFII,,,,;,WTOQFII,,,QFII,QFII,,,,,QFII,,QFII,,,,QFII,,,QFII,,,,,,,2001,,,(CAS)(IAS),,QFII,,,QFII,,,,,QFII,QFII:1QFII,:,,,,,:;,,,,,2,,,,,;,,,QFII,,3QFII,,,,,,,,,,QFII,,QFII,,QFIIQFII,,,QFII[][1].[M].:,2001.[2].21[M].:,2000.[3].[M].:,2002.[4].QFII[J].,2002,(12):43.[5].QFII[J].,2003,(1):100.[:]621