Relative to ordinary investor, the institution investor processing a large block asset transacts the asset, and this transaction will make the unilateral change of the asset price, which causes the liquidity risk. 摘要相对于普通投资者,大规模持有某种资产的机构投资者在交易这种资产时,其行为会导致资产价格的单向变动,从而产生流动性风险。