浅析我国股指期货无套利原因及后果

Analysis on The Cause Effect of Non-arbitrage in China′s Index Future Market

在对我国金融市场和金融制度现状分析的基础上 ,笔者得出即将开办的股指期货中将不存在套利交易 ,而缺乏套利交易的股指期货市场不仅不能降低整个金融市场的风险 ,反而会给整个金融市场带来更大的风险。

Based on the analysis of the financial market and system,the paper concludes that there will be nonarbitrage in our nation's index future market.Which will bring more risk to the whole financial market without arbitrage.Thus the index future market should be slow to act in our nation.