一、问题的提出中小投资者是指上市公司的中小股东和证券市场交易者。我国证券市场经过10年的发展,规模迅速扩大,投资者开户人数持续增加。与国外成熟证券市场相比,我国证券市场并不以机构投资者为主体,而是明显呈现处中小投资者占绝对优势的局面。截止2002年8月底,我国中小投 First, the problem raised Small and medium investors refers to the listed company’s small and medium shareholders and stock market traders. After 10 years of development, the stock market in our country expanded rapidly and the number of investor accounts continued to increase. Compared with the mature foreign securities market, the securities market in our country does not take the institutional investors as the main body, but clearly presents the situation where the small and medium-sized investors occupy the absolute superiority. As of the end of August 2002, China’s small and medium investment