10年前,FII在印度股市经历了从“国家故事”到“全球配置”的转折阶段;较印度晚10年的QFII在中国市场也已经有了5年多的历史,累计申请额度超过300亿美元。本文首先通过分析FII在印度的投资轨迹,发现FII进入“全球配置”时代以后偏好投资于印度的潜在主导产业;其次沿着这一思路,探讨了未来QFII在中国的投资取向,以指导我国的投资实践;最后研讨了中国转型期潜在的主导产业及其演进趋势。
Ten years ago, FIIs (Foreign Institutional Investors) changed from "India story" to "global allocation" within India stock market. QFII has already entered into China stock market for about 3 years, and its accumulated investment quota has exceeded 5 billion USD currently. Firstly, by analysing of investment experience of FIIs in India, we find that FIIs preferred potential dominant industries while entering into "global allocation" period. From this idea, we discuss the further investment preference of QFII in China stock market as guidance for our investment; finally we discuss the potential dominant industries and their revolutionary trends during transitory period in China.