Foreign investment in China and Qualified Foreign Institutional Investor (QFII)
Although foreign direct investment has been flowing into China at record high levels in recent years, foreign investors were not permitted to enter the domestic Chinese shares market (A shares) until the Chinese authorities decided at the end of 2002 to allow selected Qualified Foreign Institutional...
Gespeichert in:
| Veröffentlicht in: | Asian business & management 2010-09, Vol.9 (3), p.425-448 |
|---|---|
| Hauptverfasser: | , , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 448 |
|---|---|
| container_issue | 3 |
| container_start_page | 425 |
| container_title | Asian business & management |
| container_volume | 9 |
| creator | Tam, On Kit Li, Sophia G Zhang, Zhifan Yu, Celina Ping |
| description | Although foreign direct investment has been flowing into China at record high levels in recent years, foreign investors were not permitted to enter the domestic Chinese shares market (A shares) until the Chinese authorities decided at the end of 2002 to allow selected Qualified Foreign Institutional Investor (QFII) to enter the Chinese A-share market under a quantitative quota system. The aim of this financial reform initiative was to provide a pilot scheme for relaxing, in a limited way, foreign exchange controls over the country's capital account, as well as to leverage the investment and management skills of successful foreign financial institutions to raise the standards of the Chinese market. QFII are perceived by the Chinese Government to have stronger motivation to undertake long-term investment strategies. They are expected to bring with them not only advanced investment methodology and skills, but also an investment approach that may help develop a more stable and healthy stock market environment. This study examines the empirical evidence of this development to assess if such expectations are being fulfilled. The findings suggest that QFII have made some inroads, but have not yet been able to exert long-term impacts on the Chinese market. |
| doi_str_mv | 10.1057/abm.2010.15 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_816376263</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2116876971</sourcerecordid><originalsourceid>FETCH-LOGICAL-c392t-b4ee7bf4e4e198c596a01be1c05e8407e6b065de37e65416a4e1a9bafe8a47993</originalsourceid><addsrcrecordid>eNpt0F1LwzAUBuAgCs7plX-geKOinflq0lzKcFoYjIFeh7Q7nRldOpNW8N-bOkUQr_IeeHI4vAidEzwhOJN3ptxOKB6m7ACNCJciVYzmh1-Zplzm9BidhLDBmGJJ5QgtZq0Hu3aJde8Qui24LsZk-mqdSYxbJcveNLa2sEp-ZOFCZ7u-s60zTZyGf61Prpazorg-RUe1aQKcfb9j9DJ7eJ4-pfPFYzG9n6cVU7RLSw4gy5oDB6LyKlPCYFICqXAGOccSRIlFtgIWU8aJMNEZVZoacsOlUmyMLvd7d7596-MFemtDBU1jHLR90DkRTAoqWJQXf-Sm7X08PWjJBVNMMBzRzR5Vvg3BQ6133m6N_9AE66FaHavVQ7WaZFHf7nWIyq3B_678j38CbPh56g</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>746393630</pqid></control><display><type>article</type><title>Foreign investment in China and Qualified Foreign Institutional Investor (QFII)</title><source>SpringerLink Journals - AutoHoldings</source><creator>Tam, On Kit ; Li, Sophia G ; Zhang, Zhifan ; Yu, Celina Ping</creator><creatorcontrib>Tam, On Kit ; Li, Sophia G ; Zhang, Zhifan ; Yu, Celina Ping</creatorcontrib><description>Although foreign direct investment has been flowing into China at record high levels in recent years, foreign investors were not permitted to enter the domestic Chinese shares market (A shares) until the Chinese authorities decided at the end of 2002 to allow selected Qualified Foreign Institutional Investor (QFII) to enter the Chinese A-share market under a quantitative quota system. The aim of this financial reform initiative was to provide a pilot scheme for relaxing, in a limited way, foreign exchange controls over the country's capital account, as well as to leverage the investment and management skills of successful foreign financial institutions to raise the standards of the Chinese market. QFII are perceived by the Chinese Government to have stronger motivation to undertake long-term investment strategies. They are expected to bring with them not only advanced investment methodology and skills, but also an investment approach that may help develop a more stable and healthy stock market environment. This study examines the empirical evidence of this development to assess if such expectations are being fulfilled. The findings suggest that QFII have made some inroads, but have not yet been able to exert long-term impacts on the Chinese market.</description><identifier>ISSN: 1472-4782</identifier><identifier>EISSN: 1476-9328</identifier><identifier>DOI: 10.1057/abm.2010.15</identifier><language>eng</language><publisher>London: Palgrave Macmillan UK</publisher><subject>Abnormal returns ; Asian Culture ; Business and Management ; Capital markets ; China ; Economic growth ; Economic planning ; Economic policy ; Economic reform ; Emerging markets ; Foreign direct investment ; Foreign exchange controls ; Foreign investment ; Institutional investments ; International Business ; International trade ; Investment ; Investment analysis ; Investors ; Liberalization ; Market ; Original Article ; Portfolio investments ; Rates of return ; Securities markets ; Stock exchanges ; Studies ; Volatility</subject><ispartof>Asian business & management, 2010-09, Vol.9 (3), p.425-448</ispartof><rights>Palgrave Macmillan, a division of Macmillan Publishers Ltd 2010</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c392t-b4ee7bf4e4e198c596a01be1c05e8407e6b065de37e65416a4e1a9bafe8a47993</citedby><cites>FETCH-LOGICAL-c392t-b4ee7bf4e4e198c596a01be1c05e8407e6b065de37e65416a4e1a9bafe8a47993</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1057/abm.2010.15$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1057/abm.2010.15$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,776,780,27901,27902,41464,42533,51294</link.rule.ids></links><search><creatorcontrib>Tam, On Kit</creatorcontrib><creatorcontrib>Li, Sophia G</creatorcontrib><creatorcontrib>Zhang, Zhifan</creatorcontrib><creatorcontrib>Yu, Celina Ping</creatorcontrib><title>Foreign investment in China and Qualified Foreign Institutional Investor (QFII)</title><title>Asian business & management</title><addtitle>Asian Bus Manage</addtitle><description>Although foreign direct investment has been flowing into China at record high levels in recent years, foreign investors were not permitted to enter the domestic Chinese shares market (A shares) until the Chinese authorities decided at the end of 2002 to allow selected Qualified Foreign Institutional Investor (QFII) to enter the Chinese A-share market under a quantitative quota system. The aim of this financial reform initiative was to provide a pilot scheme for relaxing, in a limited way, foreign exchange controls over the country's capital account, as well as to leverage the investment and management skills of successful foreign financial institutions to raise the standards of the Chinese market. QFII are perceived by the Chinese Government to have stronger motivation to undertake long-term investment strategies. They are expected to bring with them not only advanced investment methodology and skills, but also an investment approach that may help develop a more stable and healthy stock market environment. This study examines the empirical evidence of this development to assess if such expectations are being fulfilled. The findings suggest that QFII have made some inroads, but have not yet been able to exert long-term impacts on the Chinese market.</description><subject>Abnormal returns</subject><subject>Asian Culture</subject><subject>Business and Management</subject><subject>Capital markets</subject><subject>China</subject><subject>Economic growth</subject><subject>Economic planning</subject><subject>Economic policy</subject><subject>Economic reform</subject><subject>Emerging markets</subject><subject>Foreign direct investment</subject><subject>Foreign exchange controls</subject><subject>Foreign investment</subject><subject>Institutional investments</subject><subject>International Business</subject><subject>International trade</subject><subject>Investment</subject><subject>Investment analysis</subject><subject>Investors</subject><subject>Liberalization</subject><subject>Market</subject><subject>Original Article</subject><subject>Portfolio investments</subject><subject>Rates of return</subject><subject>Securities markets</subject><subject>Stock exchanges</subject><subject>Studies</subject><subject>Volatility</subject><issn>1472-4782</issn><issn>1476-9328</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNpt0F1LwzAUBuAgCs7plX-geKOinflq0lzKcFoYjIFeh7Q7nRldOpNW8N-bOkUQr_IeeHI4vAidEzwhOJN3ptxOKB6m7ACNCJciVYzmh1-Zplzm9BidhLDBmGJJ5QgtZq0Hu3aJde8Qui24LsZk-mqdSYxbJcveNLa2sEp-ZOFCZ7u-s60zTZyGf61Prpazorg-RUe1aQKcfb9j9DJ7eJ4-pfPFYzG9n6cVU7RLSw4gy5oDB6LyKlPCYFICqXAGOccSRIlFtgIWU8aJMNEZVZoacsOlUmyMLvd7d7596-MFemtDBU1jHLR90DkRTAoqWJQXf-Sm7X08PWjJBVNMMBzRzR5Vvg3BQ6133m6N_9AE66FaHavVQ7WaZFHf7nWIyq3B_678j38CbPh56g</recordid><startdate>20100901</startdate><enddate>20100901</enddate><creator>Tam, On Kit</creator><creator>Li, Sophia G</creator><creator>Zhang, Zhifan</creator><creator>Yu, Celina Ping</creator><general>Palgrave Macmillan UK</general><general>Palgrave Macmillan</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7RO</scope><scope>7RQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AI</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AXJJW</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><scope>U9A</scope></search><sort><creationdate>20100901</creationdate><title>Foreign investment in China and Qualified Foreign Institutional Investor (QFII)</title><author>Tam, On Kit ; Li, Sophia G ; Zhang, Zhifan ; Yu, Celina Ping</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c392t-b4ee7bf4e4e198c596a01be1c05e8407e6b065de37e65416a4e1a9bafe8a47993</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Abnormal returns</topic><topic>Asian Culture</topic><topic>Business and Management</topic><topic>Capital markets</topic><topic>China</topic><topic>Economic growth</topic><topic>Economic planning</topic><topic>Economic policy</topic><topic>Economic reform</topic><topic>Emerging markets</topic><topic>Foreign direct investment</topic><topic>Foreign exchange controls</topic><topic>Foreign investment</topic><topic>Institutional investments</topic><topic>International Business</topic><topic>International trade</topic><topic>Investment</topic><topic>Investment analysis</topic><topic>Investors</topic><topic>Liberalization</topic><topic>Market</topic><topic>Original Article</topic><topic>Portfolio investments</topic><topic>Rates of return</topic><topic>Securities markets</topic><topic>Stock exchanges</topic><topic>Studies</topic><topic>Volatility</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Tam, On Kit</creatorcontrib><creatorcontrib>Li, Sophia G</creatorcontrib><creatorcontrib>Zhang, Zhifan</creatorcontrib><creatorcontrib>Yu, Celina Ping</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Asian Business Database</collection><collection>Career & Technical Education Database</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Asian Business Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Asian & European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>DELNET Management Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Asian business & management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Tam, On Kit</au><au>Li, Sophia G</au><au>Zhang, Zhifan</au><au>Yu, Celina Ping</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Foreign investment in China and Qualified Foreign Institutional Investor (QFII)</atitle><jtitle>Asian business & management</jtitle><stitle>Asian Bus Manage</stitle><date>2010-09-01</date><risdate>2010</risdate><volume>9</volume><issue>3</issue><spage>425</spage><epage>448</epage><pages>425-448</pages><issn>1472-4782</issn><eissn>1476-9328</eissn><abstract>Although foreign direct investment has been flowing into China at record high levels in recent years, foreign investors were not permitted to enter the domestic Chinese shares market (A shares) until the Chinese authorities decided at the end of 2002 to allow selected Qualified Foreign Institutional Investor (QFII) to enter the Chinese A-share market under a quantitative quota system. The aim of this financial reform initiative was to provide a pilot scheme for relaxing, in a limited way, foreign exchange controls over the country's capital account, as well as to leverage the investment and management skills of successful foreign financial institutions to raise the standards of the Chinese market. QFII are perceived by the Chinese Government to have stronger motivation to undertake long-term investment strategies. They are expected to bring with them not only advanced investment methodology and skills, but also an investment approach that may help develop a more stable and healthy stock market environment. This study examines the empirical evidence of this development to assess if such expectations are being fulfilled. The findings suggest that QFII have made some inroads, but have not yet been able to exert long-term impacts on the Chinese market.</abstract><cop>London</cop><pub>Palgrave Macmillan UK</pub><doi>10.1057/abm.2010.15</doi><tpages>24</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1472-4782 |
| ispartof | Asian business & management, 2010-09, Vol.9 (3), p.425-448 |
| issn | 1472-4782 1476-9328 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_816376263 |
| source | SpringerLink Journals - AutoHoldings |
| subjects | Abnormal returns Asian Culture Business and Management Capital markets China Economic growth Economic planning Economic policy Economic reform Emerging markets Foreign direct investment Foreign exchange controls Foreign investment Institutional investments International Business International trade Investment Investment analysis Investors Liberalization Market Original Article Portfolio investments Rates of return Securities markets Stock exchanges Studies Volatility |
| title | Foreign investment in China and Qualified Foreign Institutional Investor (QFII) |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-08T20%3A10%3A06IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Foreign%20investment%20in%20China%20and%20Qualified%20Foreign%20Institutional%20Investor%20(QFII)&rft.jtitle=Asian%20business%20&%20management&rft.au=Tam,%20On%20Kit&rft.date=2010-09-01&rft.volume=9&rft.issue=3&rft.spage=425&rft.epage=448&rft.pages=425-448&rft.issn=1472-4782&rft.eissn=1476-9328&rft_id=info:doi/10.1057/abm.2010.15&rft_dat=%3Cproquest_cross%3E2116876971%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=746393630&rft_id=info:pmid/&rfr_iscdi=true |