|QDII,CDR Need More Study--Ex-CSRC Head||一位中国前高层监管人士说：实施QDII，CDR两个机制前需要更多的研究|
A former top Chinese securities regulator said more study is needed before China can go ahead with two systems that would give local investors limited opportunities to invest in foreign companies, the China Securities Journal reports.
Liu Hongru, a former chairman of the China Securities Regulatory Commission, said further study is needed on the so-called qualified domestic institutional investor（QDII）system and China depositary receipt（CDR）system because they would affect the country's capital control policy and pose other problems, the paper says.
But Liu also said the systems would ultimately be beneficial for China because they would help local investors diversify their portfolios, according to the paper.AQDII system would allow Chinese people to invest in foreign shares through select funds, while a CDR system would list foreign shares in China's stock market as depositary receipts.
报导称，中国证监会（China Securities Regulatory Commission）前主席刘鸿儒表示，在合格境内机构投资者机制（qualified domestic institutional investor, QDII）和中国存托凭证（China depositary receipt, CDR）机制实施以前，还需作进一步的研究工作。因这两个机制的实施可能会影响到中国的资本控制政策和引起其它问题。