我国QDⅡ产品的风险管理与发展趋势探析——从全球性金融危机谈起

A Discussion of the Risk Management and Development Trend about China's QDⅡ Products——Talk from the Global Financial Crisis

我国的QDⅡ产品是为了分流国内过剩流动性、缓解人民币升值压力而推出的,但是受全球性金融危机的影响,近一年来净值亏损严重,不但没有实现其初衷,还使各方面尤其是投资者对其失去了信心。然而,QDⅡ的功能决定了其长期市场需求是不可估量的,无论是监管层还是操作层都应深刻理解QDⅡ制度的重要意义,坚定和明确今后的发展方向,同时要从本次危机中汲取教训,加强QDⅡ的风险防范,完善和丰富其产品线,并对境外投资机构要审慎选择和加强管理,从而使QDⅡ产品真正实现其功能和意义。

China＇s QDII products put out in order to divert excess domestic liquidity and ease the pressure of RMB appreciation, but by the global financial crisis, over the past year net value seriously loss, not only tailed to achieve its original retention, but also to enable all parties, particularly the investors to lose confidence. It is immeasurable of QDII long-term market demand determined its function, Whether govenunent or operating layer should deeply understand the importance of QDII system and firm its future development, at the same time, draw the lesson from this crisis, enhance to guard against of QDII risk, improve and enrich its product line, and carefully select outside institutional investors, so that QDII products to achieve its true function and significance.