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中国设立证券投资基金的初衷是培育中国证券市场理性机构投资主体，构建市场“稳定器”，同时拓宽社会投资渠道，优化储蓄转向投资机制。可以说，这是中国证券市场发展的有益尝试，将对证券市场的深化、完善产生积极影响。但从国际证券市场机构投资者的行为演进看，机构投...
The original intention of setting up a securities investment fund in China was to cultivate the investment body of the rational institutions in the securities market in China and to build a market “stabilizer,” while broadening the social investment channels and optimizing the mechanism for saving and switching to investment. It can be said that this is a useful attempt for the development of China’s securities market and will have a positive impact on the deepening and improvement of the securities market. However, from the evolution of the behavior of institutional investors in international securities markets, institutional investors ...