Abstract As a transitional arrangement of gradual opening of capital markets, QFII has been successfully implemented in many countries. China has introduced QFII formally since 2003, hoping that it can have a positive impact on the stock market, especially to raise the level of market stability. The authors used General Auto Regressive Conditional heteroscedastic Model(GARCH)to give an empirical analysis of market volatility before and after the introduction of QFII in China and drew the conclusion that the improvement of QFII on the Chinese market stability, in general, is not obvious. So the authors put forward some relevant suggestions and countermeasures.
WANG Lin-Le,Zhang- Yi,Lei-Fang-Yuan. A Research into the influence of QFII system on the Volatility of China’s Securities Market. Economic Survey, 2011, 28(1): 0153.
2011, Vol. 28 
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