双“Q”机制:中国资本市场国际化的必然选择

Double “Q” Mechanism: Inevitably Choice of China’s Capital Market Internationalization

QFII和QDII双“Q”机制是许多国家和地区逐步开放资本市场的一项过渡性制度安排。截至2006年2月底,我国外汇储备已达8537亿美元。在当前我国经济持续快速增长,外汇储备比较充裕,金融体制改革稳步推进,人民币汇率改革取得重大突破和进展的有利时机,适时推出双“Q”机制,是我国资本市场朝向国际化迈出的极其重要的一步。目前应积极从预警系统建立、配套制度建设、资金流量调控、经营能力和风险承受力提高、监管和相关制度与国际接轨、人才培养等方面入手,加快推进和完善我国的双“Q”机制建设,促进我国资本市场的双向开放和内外交流。

Double ＂Q＂ mechanism-QFII and QDII-is transition system arrangement of many nations opening the capital market gradually. By the end of February 2, 006, Chinese foreign exchange reserve already reached 853 billions US dollars. With the current fast growth of Chinese economy, abundant foreign exchange reserve, the steady advancing monetary system reform, and the Renmiubi exchange rate reform obtaining the significant breakthrough and progress, it is paramount a step to intemationalization of Chinese capital market to implement double ＂Q＂ at the fight moment, At present it is time to advance and improve the Chinese double ＂Q＂ mechanism and promote the two - way operation and communication of Chinese capital market, starting from establishing early warning system and the relating systems, regulating capital inflow and outflow, enhancing investor＇s operation capability and tolerance for risk, supervising cooperation with foreign supervisory organization, accelerating accounting system internationalization, breeding financial talented person and so on.