中国股票指数期货的合约设计

Design of the Stock Index Futures Contract in China

股票指数期货是机构投资者不可缺少的避险工具,推出这个新型金融衍生品对中国资本市场的建设意义重大。随着中国经济、金融市场的稳步发展,中国资本市场已初步具备了开设股指期货交易的条件。因此,有必要对股指期货交易的合约进行科学的设计。

Stock index futures is a necessary instrument for institutional investors to avoid risk. Introduction of this new financial derivative will make a great significance to Chinese capital market. With the steady development of the economy and financial market, the condition needed for the exchange of stock index futures has been preliminarily provided.