GUANGZHOU (Fund China) - In the Monthly Bulletin of Statistics of Zhongdeng Company, the data of participate in the main settlement net RMB clearing the top 50 show that in the index of 6124.04 points began to fall in October 2007, QFII has emerged bottom fishing. that month, QFII in the cities of Shenzhen and Shanghai held by the Clearing net is 11.15 billion yuan, relative September 2007 of 8.62 billion yuan a substantial increase.

In November 2007, QFII real bottom fishing peak,that month QFII held in the two cities of Shenzhen and Shanghai clearing net is 22.82 billion yuan, twice in October. But since December last year, the Shanghai stock index has dropped from 4871.78 points to 3094.67 points of this year on April 18, or down 36.5 percent. QFII is not wait for the index fell, in December 2007, statistics showed that in the two cities of Shenzhen and Shanghai QFII held in the clearing net has been reduced to 8.95 billion yuan.

In January of this year, the second large-scale QFII bottom fishing appeared, that month the Shanghai stock index fell 16.7 percent, that month in Shenzhen and Shanghai cities QFII held clearing net was as high as 28.59 billion yuan. In february of this year, A-share adjustment shocks, QFII take a large-scale withdrawal again, QFII held in the two cities of Shenzhen and Shanghai clearing net only 5.22 billion yuan.

When march come, the index fell to 3472.71 points from 4348.54 points, which are close to last year’s “5.30″ the low point. In this phase, the QFII again bottom fishing, QFII held in the two cities of Shenzhen and Shanghai rose to 12.12 billion yuan. Bottom fishing at the intensity IS of far less than in November 2007 and January this year. But instead of the market fell, the QFII’s Bottom fishing is widespread concern by the investors.

Copyright Fund China 2008.

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