| Our country stock market start to individual investor, since long ago, take personally as the main body investor structure continuously was considered is causes the our country stock market fierce undulation the main reason. In view of this, domestic has promulgated "Negotiable securities Investment fund Management Tentative method" to November 14, 1997, unceasingly expands by this the negotiable securities investment fund scale. On November 8, 2002"Within the boundaries of Qualified Beyond the border Organization Investor Negotiable securities Investment Management Tentative method" the foreign official announcement, on July 9, 2003, the Bank of Switzerland completes the QFII first list, to this pulled open beyond the border the capital to enter the domestic capital market the prologue. In October, 2004 insures the fund to allow directly to enter the domestic stock market to carry on the stock investment. The new deal explicitly pointed out the insurance organization investors may the direct investment stock market, participate in a level of markets hen Gou and two levels of markets transaction, buys and sells stock, may transform the bond as well as the stipulation other investment varieties. The domestic organization investor unceasingly strong ambassador in our country stock market the investor structure had the effective improvement, advantageous impetus domestic stock market continually, stable development.Along with the organization investor scale unceasing expansion, the organization investor' s investment behavior day by day is also prominent to our country stock market influence. But, at present the domestic academic circles has not formed the unification bright conclusion to this aspect research. One viewpoint thought at present domestic stock market has in the system the flaw, simultaneously goes on the market company' s overall achievement not to be ideal, the entire stock market seriously lacks the organization investor to be allowed the long-term investment achievement superiorly to go on the market the company, wants purely to depend upon the organization investor in this kind of situation to play stabilizes the market roles not realistic; Another viewpoint then with it on the contrary thought the organization investor unceasingly expands is advantageous to the market stability.This article attempts from two aspects to analyze the organization investor' s investment behavior to our country stock market' s influence: First aspect emphatically development facility investor' s investment behavior, to our country stock market' s positive influence; The second aspect analyzes with emphasis with the development facility investor' s investment behavior, to the our country stock market' s negative effect, finally proposed in the article several point weakens with the elimination negative effect countermeasure. The full text divides into four parts, the first part performs to the present domestic organization investor's present situation to introduce the analysis; Second part of analysis organization investor' s investment behavior to domestic stock market's positive influence; The third part of emphatically development facility investor' s investment behavior the negative effect which produces to our country stock market; How does the fourth part on weaken with the elimination organization investor's investment behavior has the negative effect countermeasure to the domestic stock market. |
