A Macro Financial Study On China's Institutional Investors

In the latest 30 years, the development of institutional investors significantly influenced developed countries'saving, source allocation, capital market and corporate governance.In this dissertation, we learn and conclude the theory and practice of overseas institutional investors, conduct macro financial study on China's institutional investors. Finally, combining China's actual condition, we give several suggestions how to develop and regular institutional investors.The first part includes chapter 1,chapter 2, which briefly introduces the definition and categories, the practices of overseas institutional investors, and the history, development of China's institutional investors.The second part includes chapter 3, chapter 4, chapter 5 and chapter 6. We study China's institutional investors from the perspective of macro finance. We study institutional investors'impact to China's saving, capital market, banking sector and finance innovation as well.The third part includes chapter 6 ,analyzes the challenges China's institutional investors are facing and give the suggestions to develop institutional investors in China.Institutional investors can push the progressing the financial structure. Other countries'experience indicated that institutional investors improve the efficiency of capital market, pricing and banking sector and then entire financial system. Institutional investors can help to increase saving, help residents invest on long-term assets, which are good for the investment and economy growth.China's institutional investors enlarge the depth and width of capital market, and lead the long-term and value investment in China. Institutional investors bring valuable competition to banking sector, improving its operating efficiency. As well, institutional investors are more innovative now and begin to show its effects to China's macro economy.