Font Size: a A A

Study On The Legal Risk Of Stock Index Futures And The Countermeasures In China

Posted on:2012-03-03Degree:MasterType:Thesis
Country:ChinaCandidate:P J DouFull Text:PDF
GTID:2166330332493919Subject:Economic Law
Abstract/Summary:PDF Full Text Request
As one of the most valuable financial derivatives in the 1980's, stock index futures play an important role in avoiding the system risk and promoting the prosperity of capital market. However, the high risk containing in stock index futures also poses a danger to the safe of capital market. Legal risk is a kind of risk which should be responsible for almost half of the losses in the transaction.The legal risk of stock index futures shares the characteristics of the opportunity of control, the possibility of loss and the diversity of sources. The causes of risk, identity characters, subjects and possible consequences constitute the fundamental frame of the legal risk of stock index futures. China has experienced various hardships in developing stock index futures and the whole process has sustained for about 17 years. Although it is the necessary outcome of the development of capital market and the objective demand of investors, the practice of stock index futures in China has triggered various legal risks, including the risks of the macro legal environment, the risks in the micro field, the dynamic legal risks in transaction and settlement and the static legal risks in the contract of stock index futures.The legal risk of stock index futures in China may result in serious consequences and influences, but the possibility of controlling it is much bigger than that of market risk. Therefore, the related departments and subjects could take measures both in macro and micro fields to prevent the legal risk of stock index futures effectively. Many countermeasures, such as the perfection of legal environment, supervision system and the protection of investors should be taken to prevent the legal risk of stock index futures in China.
Keywords/Search Tags:Stock Index Futures, Legal Risk, Countermeasure
PDF Full Text Request
Related items