200212(QFII)A QFII20037QFII(QDII) QDII QDII 41
42
1 28% 3% 1 43
44 QFII2003 121991 2 199711 200010 3 2001 2003105450 53% 28% 20039 20031028 200461 2 3 19971114 2000108
80% 20% 200220% 4 200112 5 8 14 (1) 2001 2003 6 (2) 4 5 6 20031272003 33% 49% 2002200154%200349% 45
46 (3) (4) (5) 10% 50% 19901990
2002 7 8,0009,000 2,000 (1)(2) 200312136 25 8 1996 1999 200050100 2001265043 9 7 8 9 2002 719-7472001 2003415 47
48 200111 10 8001,000 20034 20031218 200421 1999 20039 8,33020027.9% 10
1,200 1,000 36.1% 41.4% 37.6% 45% 40% 35% 800 29.6% 30% 600 25% 20% 400 200 260 337 459 649 833 15% 10% 5% 0 1999 2000 2001 2002 0% 2003 11 AA 3% 15% 2003989%52%3,830 48%3,550 12 11 12 20031120003120036 20039(Developing institutional investors in PRC 49
50 15%20039460 13%19992% 400 350 (355) 300 250 (250) 170 [48%] 200 150 100 50 (89) 20 [22%] 68 [76%] 1 [2%] (130) 21 [16%] 13 [10%] 96 [73%] (171) 71 [41%] 21 [12%] 80 [46%] 109 [43%] 31 [12%] 111 [44%] 46 [13%] 140 [39%] 0 1999 2000 2001 2002 13 20023% 20019%6% 14 20022382001 3,2661,545 15 13 14 15 20031114 Sigma, World Insurance in 2001, No. 6/2002
2000 1990 19992001 20012002 16 60 20050,000 2003 139101200351 28% 2003 5136 20031019 16 20011102002662002718 51
52 2000 17 1990 17 20016
18 148 6 50% 10% 10% 40% 20021,240200154%200311 1,330 19 40% 5% 20 (1) 15% 21 (2) 18 19 20 21 200112 20031117 19 2001424 53