我国引入股指期货交易的意义及可行性分析

Analysis of the Significant and Possibility of Introducing Stock Index Futures Trade

到目前为止,我国股市仅有现货交易,却没有有效的风险回避机制,这必将影响到我国股市健康发展。因此,当前开发我国股指期货交易可以回避股市系统风险,增加市场流动性,促进股价合理波动,从而增强证券市场的竞争力。同时,在我国已经形成了较为完善的交易和监管体系,并拥有了相当规模的投资群体,开办股指期货的市场条件已具备。

So far, there has been only cash commodity trade in the stork market in our country. But there isn't an effective mechanism to avert risk, which certainly will influence the healthy development of the stork market in our country. Therefore, the development of stock index futures trade in our country can avoid the risk in the stock market, increase the mobility of it and promote the reasonable volatility of stock prices, thus strengthen the competition abilities of the market. At the same time, a comparatively perfect system of trade and supervision has shaped up in our country and we have owned the investment groups with fairly scale. So the market condition for starting stock index futures trade has been satisfied.