| Warrant is one kind of contract between the issuers and the holders.Warrant holders have the right to buy or sell a certain number of underlying with an agreed price at the agreed time.Now in our country,major warrant products are Equity Warrant.In 1990s warrant has a short history,giving us an excellent lessons for developing our warrant market again.Warrant was issued again in 2005 for solving the problems of the Share-trading Reform.The trade volume of warrant product is increasing quickly,playing an important role in capital market.But at the end of the Share-trading Reform,warrant market is experiencing the test of history.How to make our warrant market healthy and prosperity capital market is becoming a concerned problem.This article trying to use the successful experience of overseas markets,and according to the present situation and existing problem of warrant market in our country,raising some suggestions for standardizing our country' s warrant market.In the first part of this article,the concept and background of warrant is directed easily.Next,from three directions,some theories about warrant research are concluded and summarized to lay a good foundation for the research of this article. Next,the development process,current situation,existing problem of warrant market in our country are expounded to provide realistic meaning.Then the mature warrant markets overseas are compared and analyzed,in order to find some successful experience as a reference for standardizing our country' s warrant market.At last, on the basis of the front analysis,some suggestions of myself are raised for standardizing our country' s warrant market. |
