The Research On The Question Of Our Country Putting Out The Futures Of Stock Index

The futures of stock index are a kind of finance innovative products. They have functions of finding price and hedging etc. They are the important part in the capital system at present. With the financial market competitions being fierce day by day and the capital market opening progressively, it is necessary for our country to put out the futures of stock index.The thesis has four parts in all. The first part starts with modern investment combinatorial theory, then has analyzed the theoretical foundation of the stock index futures and relevant theory knowledge, and does an overall exposition to the financial product of the stock index futures.Secondly the thesis explains necessity and feasibility to carry on stock index futures in our country. On one hand, it points out that the stock index futures are demands for sound development of stock market of our country; On the other hand, it points out that software and hardware facilities in the stock market of our country have already been qualified to launch stock index futures at present.The third part is a core of this text. This part explains mainly the design question of the stock index futures about our country, and this part is also innovative view of the whole page thesis.The fourth part has explained the risk management of the market environment after putting out the stock index futures of our country. After fully using the successful experience of management of the foreign stock index futures for reference, the article carries on research from macroscopical market risk management with micro market risk management.