QDII,CDR Need More Study--Ex-CSRC Head 一位中國前高層監(jiān)管人士說：實施QDII，CDR兩個機制前需要更多的研究
A former top Chinese securities regulator said more study is needed before China can go ahead with two systems that would give local investors limited opportunities to invest in foreign companies, the China Securities Journal reports.
Liu Hongru, a former chairman of the China Securities Regulatory Commission, said further study is needed on the so-called qualified domestic institutional investor（QDII）system and China depositary receipt（CDR）system because they would affect the country's capital control policy and pose other problems, the paper says.
But Liu also said the systems would ultimately be beneficial for China because they would help local investors diversify their portfolios, according to the paper.
AQDII system would allow Chinese people to invest in foreign shares through select funds, while a CDR system would list foreign shares in China's stock market as depositary receipts. 一位中國證券前高層監(jiān)管人士說，中國在實施QDII和CDR兩個機制前，還需進(jìn)行更多的研究工作。兩個機制的實施將為當(dāng)?shù)赝顿Y者投資于外國公司提供有限的機會。
報導(dǎo)稱，中國證監(jiān)會（China Securities Regulatory Commission）前主席劉鴻儒表示，在合格境內(nèi)機構(gòu)投資者機制（qualified domestic institutional investor, QDII）和中國存托憑證（China depositary receipt, CDR）機制實施以前，還需作進(jìn)一步的研究工作。因這兩個機制的實施可能會影響到中國的資本控制政策和引起其它問題。
但劉鴻儒還表示，兩個機制的實施將有助于當(dāng)?shù)赝顿Y者進(jìn)行多樣化的投資組合，從而最終使中國受益。
QDII機制將允許中國國內(nèi)投資者通過某些基金投資于外國股票；而CDR機制將允許外國股票以存托憑證的方式在中國股市上市。
A former top Chinese securities regulator said more study is needed before China can go ahead with two systems that would give local investors limited opportunities to invest in foreign companies, the China Securities Journal reports.
Liu Hongru, a former chairman of the China Securities Regulatory Commission, said further study is needed on the so-called qualified domestic institutional investor（QDII）system and China depositary receipt（CDR）system because they would affect the country's capital control policy and pose other problems, the paper says.
But Liu also said the systems would ultimately be beneficial for China because they would help local investors diversify their portfolios, according to the paper.
AQDII system would allow Chinese people to invest in foreign shares through select funds, while a CDR system would list foreign shares in China's stock market as depositary receipts. 一位中國證券前高層監(jiān)管人士說，中國在實施QDII和CDR兩個機制前，還需進(jìn)行更多的研究工作。兩個機制的實施將為當(dāng)?shù)赝顿Y者投資于外國公司提供有限的機會。
報導(dǎo)稱，中國證監(jiān)會（China Securities Regulatory Commission）前主席劉鴻儒表示，在合格境內(nèi)機構(gòu)投資者機制（qualified domestic institutional investor, QDII）和中國存托憑證（China depositary receipt, CDR）機制實施以前，還需作進(jìn)一步的研究工作。因這兩個機制的實施可能會影響到中國的資本控制政策和引起其它問題。
但劉鴻儒還表示，兩個機制的實施將有助于當(dāng)?shù)赝顿Y者進(jìn)行多樣化的投資組合，從而最終使中國受益。
QDII機制將允許中國國內(nèi)投資者通過某些基金投資于外國股票；而CDR機制將允許外國股票以存托憑證的方式在中國股市上市。