Results show that in two situation both absolute and standard difference, fund size, risk tolerance of investors can not fully explain the movement of the stock market;

结果表明，在绝对差别与标准差别两种情况下，基金规模、投资者的风险容忍度不能充分解释股票市场的流动性，与股票市场波动性的关系不显著；

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Results show that in two situation both absolute and standard difference, fund size, risk tolerance of investors can not fully explain the movement of the stock market;

结果表明，在绝对差别与标准差别两种情况下，基金规模、投资者的风险容忍度不能充分解释股票市场的流动性，与股票市场波动性的关系不显著；

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