上海国际金融中心建设的经济效应对QFII投资的影响

发布时间：2018-01-05 12:20

本文关键词：上海国际金融中心建设的经济效应对QFII投资的影响　出处：《东华大学》2014年硕士论文　论文类型：学位论文

【摘要】：本文首先介绍了QFII制度的发展现状与背景,分析了目前QFII在我国的投资行为。其次,分析了上海建设国际金融中心所产生的经济效应,具体分析上海国际金融中心建设的成效和与长三角经济发展的影响。再次,实证分析论证上海国际金融中心建设对QFII投资的影响,数据论证上海距离国际金融中心的距离还有多远。最后,根据实证和理论分析,给出政策性建议。上海建设国际金融中心的历程中,虽然上海已具备了一定的自然集聚的条件,但还是需要在国家和政府的政策扶持下,才能确保可以继续发挥经济优势,有计划有策略地建成国际金融中心;上海国际金融中心的集聚效应已经取得了一定的成果,集聚效应将为上海国际金融中心的辐射功能发挥提供了丰富的金融资源与基础支持。但是,因为我国各地区经济发展水平所引起的金融发展不平衡,将会严重阻碍上海国际金融中心辐射功能的发挥,也会进一步阻碍上海国际金融中心功能的深化。因此,在这样的大环境影响下,如何使得金融辐射功能能够良好发挥效应是需要思考的问题。国际金融中心的竞争力对于置身世界经济一体化和金融全球化潮流中的中国具有十分重要的战略价值。 QFII即合格的境外机构投资者制度,是指允许合格的境外机构投资者,在一定规定和限制下汇入一定额度的外汇资金,并转换为当地货币,通过严格监管的专门账户投资当地证券市场,其本金和投资收益在外汇管制和相关法规管理下可转为外汇汇出的一种市场开放模式。这一制度在增加场内资金、引导投资理念、树立投资信心等方面具有特别积极的意义,对那些货币没有实现自由兑换、资本项目未完全开放的新兴市场国家或地区,有效控制外来资本对本国经济独立性的影响,抑制境外投机性游资对本国经济的冲击,从而实现有序、稳妥地开放证券市场的重要途径。引入QFII制度的根本目的在于吸引国外的资金进入本国的资本市场。QFII作为我国资本市场开放新引进的一类特殊的机构投资者,和国内机构投资者相比,拥有更强大的资金背景和更成熟的投资理念。
[Abstract]:This paper first introduces the development and background of QFII system, analyzes the current investment behavior of QFII in China. Secondly, it analyzes the economic effects of Shanghai's construction of international financial center. Concrete analysis of the effectiveness of the construction of Shanghai International Financial Center and the impact of economic development in the Yangtze River Delta. Thirdly, empirical analysis of the impact of Shanghai International Financial Center on QFII investment. The data demonstrate how far Shanghai is from the international financial center. Finally, according to the empirical and theoretical analysis, the policy recommendations are given. In the course of building Shanghai as an international financial center, although Shanghai already has certain conditions for natural agglomeration, it still needs the support of the state and the government to ensure that it can continue to exert its economic advantages. A strategic plan to build an international financial centre; The agglomeration effect of Shanghai international financial center has made some achievements, and the agglomeration effect will provide abundant financial resources and basic support for the radiation function of Shanghai international financial center. Because of the imbalance of financial development caused by the level of economic development in various regions of China, the radiation function of Shanghai International Financial Center will be seriously hindered. It will also further hinder the deepening of the functions of Shanghai International Financial Center. Therefore, under the influence of such an environment. How to make the function of financial radiation play a good role is a problem to be considered. The competitiveness of international financial center has a very important strategic price for China in the trend of world economic integration and financial globalization. Value. QFII is the system of qualified foreign institutional investors, which is to allow qualified foreign institutional investors to transfer foreign exchange funds and convert them into local currency under certain regulations and restrictions. An open market model in which the principal and investment income can be converted to foreign exchange remittance under the control of foreign exchange and related regulations by investing in the local securities market through a strictly regulated special account. This system is increasing the amount of money on the floor. Guiding investment concept and establishing investment confidence are of special positive significance to emerging market countries or regions whose currencies are not freely convertible and whose capital account is not fully open. We should effectively control the influence of foreign capital on our country's economic independence and restrain the impact of foreign speculative capital on our own economy so as to achieve order. The fundamental purpose of introducing the QFII system is to attract foreign funds into the domestic capital market. Institutional investors. Compared with domestic institutional investors, have a stronger financial background and more mature investment ideas.
【学位授予单位】：东华大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.7;F832.6

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