股指期货:金融衍生品市场的避险工具

Stock Index Futures-A Device of Risk Aversion in the Market of Financial Derivatives

稳定是建立和谐社会的基础,是股票市场健康发展的必要条件。股指期货作为金融衍生品,是发达国家成熟市场运用的一种金融创新工具,它具有独到的规避风险的功能。我国股票市场缺少做空机制,难以回避因突发事件、重大利空信息而产生的系统性风险。推行股指期货,对于完善市场运作机制,抑制股票市场的大起大落,提高投资的安全性,吸引更多的投资者参与,促进股票市场健康、稳定地发展具有不可替代的作用,因而势在必行。

Stability is the base on which a harmonious society is built, and is an indispensable condition for the healthy development of stock market. As a kind of financial derivative, the Stock Index Futures （SIF） is a new device applied in sophisticated markets of advanced countries, and is of unique functions in risk aversion. The promotion of SIF can perfect the operation system of markets, prevent fluctuations in stock markets, improve the safety of investment, and ensure the sound and stable development of stock markets.