Title :
The Empirical Study on Characteristics of QFII Holdings in China´s Stock Market
Author_Institution :
Sch. of Econ. & Manage., Nanjing Univ. of Inf. Sci. & Technol., Nanjing, China
Abstract :
This paper uses QFII portfolio from the third season of 2005 to the fourth season of 2009(totally 18 seasons) to empirically study the characteristics of QFII holdings in China´s stock market. The research results show that the level of QFII ownership is significantly related to 12 firm and market variables that the paper selects. Specifically, the investment funds holdings positively correlate with indicators such as LASSETS, EPS, BPS, MARGIN, LCMV, PB, RETURN, but negatively correlate with indicators FSR, ROE, CFPS, TURNOVER and AGE.
Keywords :
investment; market research; stock markets; China stock market; QFII portfolio; investment fund; market variables; Companies; Correlation; Investments; Mathematical model; Profitability; Stock markets;
Conference_Titel :
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location :
Henan
Print_ISBN :
978-1-4244-7159-1
DOI :
10.1109/ICEEE.2010.5660506
