基于供需匹配视角的外汇衍生品市场分析——以大连市为例

Analysis on foreign exchange derivative market from perspective of matching of demand and supply——based on example of Dalian

从供需匹配的角度对大连市外汇衍生品市场的运行现状进行分析,指出大连衍生品市场在交易品种、交易主体、交易币种和交易期限方面存在供需不匹配现象,认为实需原则、人民币汇率单边上涨、银行等金融机构服务能力欠缺是导致这一现象的原因。在此基础上,提出促进外汇衍生品市场发展的建议。

This paper analyzed the operational state of foreign exchange derivative market in Dalian as viewed from matching of demand and supply.It pointed out that supply-demand mismatches exist in transaction of varieties,participator,currencies as well as time limit of foreign exchange derivatives.It was concluded that actual demand principle,unilateral rise of RMB exchange rate and the service inability of domestic financial institutions lead to all those mismatches in Dalian foreign exchange derivative market.On this basis,the paper put forward suggestions to promote the development of foreign exchange derivative market.