我国金融衍生品扩容的内在原因及影响分析

Analysis on the Internal Causes and Influence of China’s Financial Derivatives Expansion

自2010年以来,中国金融期货交易所(以下简称中金所)相继推出沪深300股指期货、上证50ETF和中证500股指期货,我国金融衍生品市场逐渐发展。近期,衍生品市场不断扩容,在期权品种方面,推出六只期权,分别是300ETF期权、铁矿石期权、PTA期权、甲醇期权、黄金期权和菜籽粕期权。通过分析我国金融衍生品市场的发展现状以及存在的问题,从多个维度探究了此次衍生品扩容的内在原因和影响,结合当前我国金融市场的改革发展趋势,对衍生品市场的发展,提出了完善法规与监管体系;正确处理衍生品市场间关系等相关对策与建议。

Since 2010,the China Financial Futures Exchange has launched the CSI 300 index futures,the Shanghai 50 ETF and the CSI 500 index futures,and China’s financial derivatives market has gradually developed.Recently,the derivatives market has been expanded.In terms of options,six options have been introduced,namely 300 ETF options,Iron Ore options,PTA options,Methanol options,Gold options and Rapeseed Meal options.This paper first analyzes the development status and problems of China’s financial derivatives market,and then explores the internal causes and effects about the expansion of the derivatives from multiple dimensions.Finally,in conjunction with the current reform and development trend of China’s financial market,related countermeasures and suggestions are proposed for the development of the derivatives market.