China Stock Index Futures: The Development Of Research And Model Design

Stock-index-futures, as a successful product of financial innovation originating from l980?has become a typical financial instrument for risk-sharing and an important part of world capital market over the past two decades. With the fast development of Chinese economy and step-by-step opening to world capital market, there is increasing concern within the Chinese financial community that it's time for us to initiate the transaction of stork-index-futures in China. In the study, our main objective is to analyze the benefits and risk exposures of stork-index-futures transaction, and to design its model for development in China, which is included the choice of stock index, the design of contract and the control of risk.