QFII is called roll student large positions after the end of the share reform approved.

<P> This year, QFII (qualified foreign institutional investors) buying large positions move to the net gain recognized by regulators, the Commission officials, QFII policy will have a major adjustment. .The industry is expected, the next step in the process of share reform, QFII will play a more important role. .</ P> <P> the first time in a recent JP Morgan Chase held in China, "2005 China Investment Forum", Sun Jie, director of SFC fund fully endorsed the development of capital markets in China QFII positive significance, and revealed that decision-making is .consider major adjustments in policies, including the relaxation of capital lock-up period, a clear tax policy, simplifying approval procedures, reform the current system of billing transactions to assess the investment and the development of QFII accounts and multiple independent brokerage system. .</ P> <P> of QFII system since 2002. .Sun Jie said, QFII system, the introduction of very successful for the promotion of capital market reform, innovation and development, "has achieved the expected good results." .</ P> <P> Sun Jie, also summed up the QFII as a "good student" performance: the first "good", QFII adhere to the fundamentals-based investment philosophy, continued to buy and hold long-term quality of shares of listed companies .the market had a strong demonstration effect, and guide the market value of the investment philosophy. .</ P> <P> Second, QFII actively support the split share structure reform, and actively invest in the shares of the company to change the one hand, investment in these companies recognize the value; the other hand, also contributed to improve corporate governance of listed companies, will help .to promote market reform and development..