System Analysis On Financial Derivatives' Affect Of Financial Efficiency Of Securities Companies In China

Since its entry into WTO, China's economy and finance has been integrated into international world and become part of it which resulted in globalization and freedom of finance but with the coexistence of great venture about financial capital. In order to avoid this venture and make benefits from the situation, every country should follow the inner law of economic developments and greatly exploit its own financial derivatives so in this kind of international environment, it is China's destiny to build its own financial derivatives. The issue of BAOGANG Security has become a landmark of Chinese financial market.For a long time, with single function and no short end system of Chinese stock market, securities companies, the main participant, has faced an enormous market venture and their wishes to dodge the market venture is becoming more and more strong. The main function of financial derivatives is to dodge venture. Therefore, the essay build up a simulated financial market according to other advanced country's experience and theories with the combining of regulated research and illustration research and using CITIC Securities as a case. This paper also uses the mature theory for reference to probe the affect of financial efficiency of security and stock exchange index futures.Through the research of this article, I hope it can make improvement of the affect of financial efficiency.Firstly, decreasing the risks of securities market investment and enhance the anti-risk ability of securities.Next, increasing the stability of securities' investment corporate business achievements and make them the retain under a reasonable level .Once more,bringing investment more opportunities.Finally,enlarging the securities investment ability and the image on the international market.The widen of investment channel so as to avoid moving customers' collateral and re-buying treasury.