全球化背景下中国金融衍生品市场的发展

Development of Chinese Financial Derivative Markets under the Background of Globalization

全球金融衍生品市场中，金融类衍生品主导地位确立，新兴市场兴起，交易所并购的增多且竞争加剧，场外市场大型金融机构占优势地位，新技术不断引进。对比现阶段中国金融衍生品市场的现状．未来中国市场的发展方向应该是：逐步开放国内商品衍生品市场，重点推进利率、股票指数和外汇衍生品市场的建设．放松国内企业和金融参与衍生品市场的限制以及建立统一的监管体系。

This essay reviews the development and future trends of global financial derivative markets, which are characterized by： the dominance of derivatives of financial instruments, the rising of emerging markets, increase of M＆A activities and competition among exchanges, the active role of large banks at OTC markets and the introduction of new technologies. Considering current situations of China derivative markets, the author points out that future development of China market may focus on the following aspects： introducing international traders and derivative instruments on interest rate, stock indices and foreign exchanges, relaxing market entrance restrictions on domestic enterprise and financial institutions, and building a uniform regulatory system.