求翻译：而且从现阶段中国的股票市场来看，由于市场环境和企业治理机制缺乏对流通股股东的保护，基金等机构投资者也不能起到预想的作用是什么意思？

Point of view but also from the present stage of China's stock market, the lack of protection of the holders of tradable shares due to the market environment and corporate governance mechanisms, funds and other institutional investors can not play the expected role in

But at this stage to look at China's stock market, because the market environment and lack of corporate governance mechanisms of shareholder protection movement, institutional investors such as fund is not expected to play a role

Moreover looked from the present stage China's stock market, because the market environment and the enterprise govern the mechanism to lack to circulate the stock shareholder's protection, organization investors and so on fund cannot the expectation function

But in the present Chinese stock market run, due to the market environment and the lack of protection of shareholders in corporate governance mechanisms, funds and other institutional investors cannot play the desired role

正在翻译，请等待...