股指期货上市的负面影响及其对策

Negative Effects of Stock Price-index Future

随着金融市场全球一体化进程的加快和中国的入世,股指期货等金融期货将会在我国金融市场上市。股指期货是一种能够有效地防范系统性风险的金融工具。但是,它的上市也有可能会助长投机行为和导致市场定价机制失灵和加剧金融市场风险。所以对其负面影响,我们可以采取相应的对策,如建立统一指数、股票市场引入卖空机制、健全法规、加强监管和以机构投资者为交易主体等措施,尽可能地将风险减少或控制在最小的程度。

Stock price-index future is to be listed on China's financial market as financial market is being globalized and China has joined the WTO. It is an effective financial tool as systematic risk safeguard. On the other hand, it can possibly enhance speculation and put market-pricing system out of work and bring in more financial risks. Against its negative effects, a few measures should be adopted, such as establishing uniform price-index, introducing sell-short mechanism, perfecting laws and regulations, strengthening monitoring and controlling system, building investor-dominating market, ect. In this way, the risks can be reduced or controlled to the minimum extent.