Along with the turbulence of the global stock market in the first season this year, indeed many QDII products have suffered from serious losses. The net asset value (NAV) loss for some has exceeded 30%, creating a new low point over the past decade for domestic securities funds; while bank-based QDIIs were unable to escape misfortune either, and some have been forced to liquidate due to losses touching the bottom line of 50%. Some experts pointed out that there are quite a few QDIIs that failed to control their positions during the adjustment period of overseas stock markets. Data shows that a QDII invested in emerging markets by a certain bank actually increased its stock fund holding ratio from 72.27% at the end of December last year to 77.13% at the end of February this year. Misallocation, loss of position control, and reckless investment inevitably caused “serious damage” to it in the subsequent fluctuations of overseas stock markets.