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What does QFII mean in the stock market?
QFII (Qualified Foreign Institutional Investors): Qualified Foreign Institutional Investors refers to an open market model that allows qualified foreign institutional investors to remit a certain amount of foreign exchange funds and convert them into local currency under certain regulations and restrictions, and invest in the local securities market through a strictly supervised special account, and their capital gains and dividends can be converted into foreign exchange remittances after approval.