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在近来席卷全球的金融风暴中,有不少投资银行、保险公司、对冲基金的身影。与普通的散户投资者相比,这些被称为机构投资者的市场参与者在市场中的作用更加不容忽视。按照通常的理解,机构投资者主要包括养老基金、保险公司、证券投资基金、投资银行、证券公司,以及QFⅡ、QDⅡ等非银行金融机构。本世纪70年代以来,西方各国证券市场出现了证券投资机构化的趋势。有关统计数据表明,
In the recent financial turmoil sweeping the globe, there are many investment banks, insurance companies and hedge funds. Compared with ordinary retail investors, the role of these market participants, called institutional investors, in the market can not be ignored. As a general understanding, institutional investors mainly include pension funds, insurance companies, securities investment funds, investment banks, securities companies, and non-bank financial institutions such as QFII and QDII. Since the 1970s, the securities markets in various western countries have witnessed a tendency of institutionalization of securities investment. Relevant statistics show that,