Firstly, it analyzes the meaning of liquidity risk of open-ended fund.

文章首先对开放式基金流动性风险的涵义做了深入地分析。

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Next, because a shareholder's redemption is the primary reason causing liquidity risk of open-ended fund, the thesis studies a shareholder's redeeming behavior, and makes an empirical analysis.

由于基金投资者的赎回是导致开放式基金流动性风险的主要因素，因此，接下来本文着重对投资者的赎回行为进行了研究，并进行了实证分析。

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Part two analyzes the liquidity risk of the open-ended fund about redemption.

第二部分对开放式基金赎回的流动性风险加以分析。

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