证券市场及金融衍生品市场:现实与未来

Securities market and financial derivatives market:Reality and future prospects

该文分别从我国的融资结构、股票市场、债券市场、衍生品市场以及三板市场的角度分析了目前我国证券市场及衍生品市场的现状;进而研究了证券市场及衍生品市场的未来,认为证券市场的成长性将超越周期性成为行业的主导因素,并指出股指期货的推出将开启中国的衍生品时代,带来衍生品市场的巨大发展。

This paper analyzes the status quo of China＇s securities market and derivatives market from the perspectives of financing structure, stock market, bond market, derivatives market and the third-board market. Based on this, the paper discusses the future of the securities market and derivatives market, and concludes that growth will continue and become the dominant factor in the securities market. These findings support the introduction of stock index futures which will lead China towards an era of derivatives and bring about a huge advancement in China＇s derivatives market.