【摘要】 根据QFII每季度公布的投资组合数据,对其交易行为进行研究,结果发现:QFII存在正向反馈策略和"羊群行为",而已有的研究证明,正向反馈策略和"羊群行为"不利于股票市场稳定。因此,要注意加强对QFII投资的监管,尤其是QFII信息披露的监管。更多还原

【Abstract】 According to the portfolio data released by QFII every quarter,QFII’s transaction behavior is studied.The result finds that positive feedback strategy and "herding behavior" exist in QFII.The existing researches demonstrate that positive feedback strategy and "herding behavior" are not beneficial for the stabilization of stock market.Therefore the supervision of QFII’s investment should be strengthened,especially the supervision of QUII’s information disclosure.更多还原