论文部分内容阅读
2010年4月16日,中国市场正式推出股指期货交易。股指期货作为国际上成熟金融市场的一个重要组成部分,具有流动性强、低成本、高杠杆、提供卖空交易的特点。同时,在价格发现、风险对冲、稳定市场等方面发挥着重要作用。股指期货的推出是我国资本市场改革发展和发育创新的必然结果,是中国金融市场向一个成熟和稳定市场迈进的里程碑。本文着重从股指期货的基本情况、主要参与者及主要风险入手,结合中国当前经济形势,从其功能和风险两方面论述股指期货对中国市场的影响,通过分析得出相关结论。
April 16, 2010, the Chinese market officially launched stock index futures. As an important part of the mature financial market in the world, stock index futures have the characteristics of strong liquidity, low cost, high leverage and short selling. At the same time, it plays an important role in discovering prices, hedging risks and stabilizing markets. The introduction of stock index futures is the inevitable result of the reform, development and innovation of China’s capital market and a milestone for China’s financial market towards a mature and stable market. This article focuses on the basic situation of stock index futures, the main participants and the main risks to start with, combined with China’s current economic situation, from the perspective of its function and risk of stock index futures on the Chinese market, the relevant conclusions drawn from the analysis.