The Research On Stock Index Futures In China

As the one of the most vital and success Financial Derivatives of 80's in last century, the Stock Index Futures have been playing a more and more import role in international Capital market with a growing dealing quantity. In developing countries it is even the first choose in carrying out Financial Derivatives.From introduction of the Stock Index Futures, The paper analysis generating cause, developing character, basic function and market structure of the Stock Index Futures, and adopt comparative and illustrative method to make study on Stock Index Futures of new market in Korea and H.K. On the basis of the above analysis, the paper studies the developing Stock Index Futures in china. This part thought the study of necessary and feasibility of Stock Index Futures in China, points out the conditions of Stock Index Futures have been mature, and it has great realistic significance and we should realize it as soon as possible. In addition the paper has also analysis bad influences of the Stock Index Future, and discuss the choose of the Stock Exchange, the exchange objection index and the dealing subject, and the risk control measures and improving of the rules and laws of the Stock Index Futures in China. On the basis of complying with the international practices and fully considering the market scale, fluidity, supply and demand of fund, market structures and other factors, the paper works out the design of the contract of Stock Index Future in China.