| China's bond futures prompt sale was on December 28, 1992 first promotes in the Shanghai stock market, at that time because did not meet the development bond futures prompt sale requirement, the disturbance was unceasing, was compelled to May 17, 1995 to close. The matter separates 15 year after today, deepens as well as joins WTO day by day in the China economic restructuring under the new situation, our country monetary system reform has made the significant progress, the macroscopic economic environment also had comparatively sweeping change, the futures market the standardized degree greatly had the enhancement after the cleaning up reorganization, restored the bond futures prompt sale the condition to be gradually mature. In September, 2006, the Chinese finance futures exchange establishment redeveloped the finance prompt sale for our country to lay the foundation; our country stock has referred to the prompt sale already during the arrangement. Along with the market economy development, the monetary system reform unceasing advancement, the investor more and more is also urgent to the country stock demand, therefore at the right moment promotes the bond futures stock not only to be allowed to satisfy the general investments community the request, also at the same time can advance the interest rate market, deepening monetary system reform. However the bond futures stock risk is not allow to neglect, 12 years ago the our country bond futures prompt sale experiment site defeat main reason is lacks a set take to be connected the legal laws and regulations as the foundation risk control system, at that time because was connected the legal laws and regulations in the legislation level, the adjustment scope, the control method flaw has caused a series of transactions disturbance, finally has caused our country bond futures prompt sale suspension. At present along with the our country government by law environment gradually improvement, the legal system gradually is perfect, in redevelops in front of the bond futures prompt sale, formulates a set of complete risks controls law system, controls in the bond futures prompt sale through the legal method the risk, the safeguard bond futures prompt sale smoothly carries on, is precisely the goal which this article must elaborate is at. Encouraging was our country "Prompt sale Rule" the State Council 168th routine conference passed to February 7, 2007, and executed to April 15, 2007, newly appeared "Prompt sale Rule" already to join in its content to the financial stock control related provision, after already went out "has first dug the ditch, turns on the water" first step. This article attempts through to the bond futures stock theory research then to propose the bond futures prompt sale risk factor, through to the risk factor analysis pointed out our country at present in the control prompt sale risk domain correlation law laws and regulations flaw, finally proposed solves these flaws concrete measures. The full text will divide 5 chapters, approximately 34,000characters, at present are connected along theoretical analysis -international advanced experience model - our country the legal laws and regulations present situation and the existence problem analysis -proposed the solution existence question concrete method mentality launches the elaboration, will fall the foot spot to put in solves in the question concrete method.1st part of bond futures prompts sale elementary theory. This chapter had expounded the bond futures prompt sale concept with own characteristic, the bond futures prompt sale and the bond futures spot transaction, the bond futures forward contract transaction, the bond futures time power transaction as well as the commodity future transaction has separately carried on the comparison.2nd part of bond futures prompts sale risk factor analysis. Through to the elementary theory analysis pointed out our country develops the risk which the bond futures prompt sale is going to face. 3rd part of American bond futures prompts sale risk control legal rules and regulations. Through discovers to the American bond futures stock risk control legal framework basic situation research is worth our country model the experience.4th part of our country bond futures prompt sale risk control legal laws and regulations system present situation and existence question. Through at present the bond futures prompt sale risk control legal framework research discovers our country in risk control legal framework flaw to our country.5th part of establishment our country bond futures market risk control legal framework conception. The question proposed which in view of preceding text proposed solves these questions concrete measures. |
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