Study On Market Access System Of Futures Firms In China

Futures industry is the area full of risks. The function of financial leverage of futures exchange will increase or reduce the investment value to a great extent, even bring in substantive losses because of the small changes of futures breeds. Futures firms are the financial agencies connecting investors and futures exchange, the financial status, morality and operation ability of futures firms affect the confidence of investors in futures markets directly, and affect the efficiency, stability, function of futures market, even influence the development of domestic economy and the political stability of society.Therefore, the market access system of futures firms is very important. The government prescribes the access terms through legislation, authorities the futures regulate institution to audit the access terms of futures firms, in order to fulfill the pre-examine regulation purposes of futures firms, guard the door of futures market responsibly, make sure that the qualified and professional futures firms enter the market, purify the future industry, control the future risks, keep the order of futures market and bring about a rapid progress of futures firms positively and steadily.In the futures and law science of china, the study on market access system of futures firms is still very weak; this dissertation tries to make efforts on this aspect. The dissertation discusses the establishment and development of Chinese futures firms, takes research on the value choices of market access system of futures firms, uses the experiences of overseas countries for reference, anatomizes the market access system of Chinese futures firms, points out its existing problems, proposes the legislative advices.The first part is the introduction of the dissertation, introducing the writing purposes, defining the futures firms, market access system, etc. Otherwise, the first part points out the significance of the theory and realistic function. Secondly, the dissertation analyzes the necessity of establishing the market access system of futures firms, and discusses the establishment and development of Chinese futures firms, looks through the history of Chinese futures firms and markets, meanwhile, the second part probes into the value choices of Chinese futures firms, establishes the value objects of Chinese futures firms: basing on the security and justice, rooting on efficiency; the third and fourth part is the emphases of the dissertation, mainly discusses the entity and progress system of market access system of Chinese futures firms. The third part introduces the experiences of overseas futures legislation, analyzes the entity terms of Chinese futures firms, probes into the asset terms, shareholders qualifications, operation ranges and participant members; the last part discusses the progress system of Chinese futures firms, proposes advices of writers aiming at the problems of progress system.