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the evolution of qfii investment from historical data

2024-09-11

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the overall yield outperformed the market.

since qfii officially entered the a-share market in 2003, it has become an important investment force in the a-share market after more than 20 years of development. the market value of its holdings has increased from over 2.8 billion yuan in 2004 to more than 100 billion yuan at the end of the first half of this year. at different stages, qfii's investment focus has varied, from the initial traditional industries to the latest technology directions represented by medicine and electronics. since entering the market, qfii's holding yield has been very impressive, and the overall cumulative yield over the past 20 years has far outperformed the overall market. this article summarizes qfii's investment logic through multiple dimensions such as qfii's holding changes, yield comparisons, and key holdings.

on july 9, 2003, ubs completed the first purchase of a-shares by foreign investors through the qualified foreign institutional investors (qfii) mechanism, marking a historic event in which qfii officially participated in the chinese stock market, thus opening up my country's capital market to the outside world. over the past 21 years, qfii has become one of the symbols of china's capital market's increased openness to the outside world. it is considered the most effective channel for foreign funds to legally and compliantly enter the chinese mainland capital market and an important category of cross-border financial business.

in 2003, qfii institutions officially entered the market, and a total of 11 foreign institutions obtained qfii qualifications that year. with the lowering of entry barriers, the expansion of investment scope, and the continuous improvement of supervision, the number of qualified foreign investors has increased significantly. this year, 36 foreign institutions have been approved for qfii qualifications, including middle eastern sovereign wealth funds such as the oman investment authority, as well as overseas pension giants such as the uk pension fund board.

as of the end of june this year, there were 839 qfii institutions (including rqfii institutions) in the market. wind data shows that there are 10 institutions with the latest quota exceeding us$2 billion, namely the monetary authority of macao, abu dhabi investment authority, bank of korea, societe generale sa, barclays bank ltd., kuwait investment authority, etc.