流动性过剩,简单地说是指经济运行中货币投放量过多、流动性资金过于充沛的现象,近年来成为影响我国经济运行的一个突出问题。理论界和宏观经济决策部门对货币流动性过剩的客观存在、表现形式、产生原因、危害等已经进行了一定程度的研究,得到某些较为一致的结论。但关于流动性过剩对机构投资者行为的影响,还有待于更深入的探 Excess liquidity, in short, refers to the phenomenon of excessively large amounts of money and excess liquidity in the economy. In recent years, it has become a prominent issue affecting the economic operation of our country. Theoretical circles and macroeconomic decision-making departments have conducted some research on the objective existence, manifestations, causes and harms of the excess liquidity of money, and have come to some conclusions that are more consistent. However, the impact of excess liquidity on the behavior of institutional investors remains to be further explored