Funds, QFIIs, securities firms and insurance companies topped the list of institutional stockholders in the stock market in 2006. According to the fiscal reports of 22 listed companies, QFIIs (Qualified Foreign Institutional Investors) are among their 10 major stockholders. What accounts for this, and what are QFIIs' investment strategies?According to the 2006 fiscal reports of 139 listed companies in China, QFIIs, securities firms and insurance companies increased their stock holdings by 40% in the fourth quarter. As the second largest source of institutional investment on the mainland stock market after mutual funds, QFIIs held A-stocks with a market value of 97.1 billion Yuan (US$12.291 billion) at the end of 2006. China has thus far granted quotas of US$9.545 billion to 54 different QFIIs, which can then be invested in Yuan-denominated A-stocks and
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