股指期货开设的效用分析

Analyses on the Utility of the Futures for Stock Market Index

股票指数期货具有价格发现、套期保值和增加市场流动性等功能 ,股指期货的开设有助于促进股票发行方式的转变 ,培育和发展机构投资者以及完善与健全证券市场机制与功能。当前 ,由于股票市场的规模不断扩大 ,国内证券市场的监管与法规日渐完善 ,计算机技术、通讯水平的不断发展等 ,推出我国的股票指数期货交易已臻成熟。

The Futures for stock market index have many functions such as price-finding, hedging and the increasing of market liquidity. Opening Futures for stock market index will be helpful to change the issue methods of the securities, develop institution investment and perfect the security market mechanism. Nowadays, it is the time for China to open Futures for stock market index due to the rapid expansion of security market, the gradual maturity of supervision and legislation, and the development of computer science and telecom technologies.