On Open-end funds

This paper aims to study the liquidity risk of open-end funds in China by empirical means on the basis of Chinese practice and foreign successful risk management experience.

本文从我国证券市场实际情况出发，在借鉴国内外经验和研究成果的基础上，对中国开放式基金的流动性风险进行实证研究。

Based on the risk characteristics faced by open-end funds, this paper studied the no-load and load funds' optimal holding scale of risky assets, and developed the relevant models.

基于开放式基金面临的风险特征，分别对无负载基金和负载基金风险资产最佳持有规模问题进行了研究，并建立了相应的模型。

We propose some effective strategies of preventing informative risk in open-end funds based on the empirical investigation of China Stock Market and on the fractal theory in this paper.

本文基于分形市场理论及对中国股市的实证研究，提出了开放式基金防范信息性风险的有效策略。