| The evolution of world has proved that it is hard for a country or a region to be a worldwide center of economy and finance without a developed and perfect futures market. The futures market plays a crucial role in the process of the economy's continuous evolution and development. Especially in recent years, the futures market in developed countries and the countries with rising market economy have grown tremendously and the futures variety has been innovated constantly. Futures market has turned into an indispensable component for the global trade and the international financial market system.With the reform, the economy of China has developed quickly, so much so that it has been an engine of the world economy's new increase. The higher level of economic market, the stronger the market units need to utilize the futures market to avoid the productive risks. An increasing trading volume was achieved in the futures market of China. Nevertheless, at the time of developing, we should take it into consideration that futures market is raising, but the total scale doesn't match with the economic status in China. There is a still handful problem. Among the limited futures market variety, the unreasonable variety structure act as a bottleneck that restrain and influence the function of futures market and self-development in this industry. In this case, futures market in China demands urgently a variety innovation, so, this thesis focuses on this, and futures market trade variety in China is the key issues. Hoping that it could devote to the further development for futures market trade variety in China to some extents.This thesis makes good use of the theory of economics and finance etc, keeps in line with the dialectical logic principle, from theory to practice, history to reality, ordinary to specific, by analyzing the primary problems in futures market of China (the trading variety). Following an original idea, this paper is divided into four parts. The first part aims at the elementary theory of the futures market .The second part reviews briefly the futures market development in China, so as to deepen the analysis of the actual problems and historical reasons on the futures market trade variety in China. Then, the third part states that it's of necessity and sufficiency to expand trading variety in present futures market, which is based on the analysis of history and actuality. Finally, the last part comes to the core of this thesis, It attempts to put forward some proposals on how to set up the futures trade variety, how to promote the urgently-needed variety scientifically, as well as pieces of advice on reforming the marketing system in terms of futures market trade variety in China. This thesis mainly adopts three analytical investigation methods, which is theoretic, demonstration and comparison.The first chapter summarizes the basic theory of futures market that introduces why the futures market came into being; the three functions of it and the basic trading system. This part lays the foundation for the whole. Futures market originated from forward contracts, which were used by producers and buyers of agriculture commodities to protect themselves against seasonal price fluctuations. Hedging is a core in futures market. Meanwhile, in free futures market, futures price fluctuates around closely the real world supply-demand function and expectation price. It fully realizes the second function of futures market---the function of discovering price. It possesses the basic function of general market and resources allocation, whereas the perfect trading system ensures the healthy operation in futures market. This chapter lays foundation for the latter deeper analysis of the trade variety.The second chapter primarily approaches from realistic major problems, together with the historical reasons in futures market trade variety. The present existing problems in futures market have stemmed from our futures market developmental history. The first part of this chapter concisely reviews... |
PDF Full Text Request