China To Open The Theoretical Research And Action Conception Of The Stock Index Futures

With the 10-year development of security market, a lot of achievements have been made, which has also become the main part of national economy. However, some contradictions have appeared during the rapid development. Among these contradiction, the most important is the increasing risk of the market because of the natural defects. The measures would be taken to avoid the risk not only the ruling running ,strict management and self-control, but also the introduction of new market tools, and the stock index future is the best choice.Beginning the analyses of general concept of stock index future, the thesis makes the writer's opinion clear that the nature of future is hedging and the speculator is the essential part for the market, so the opinion that introduction and implementation of the future would lead to market1 s confusion is lack of comprehensive understanding.The following analyses focus on the characters of China securities market and necessity, possibility of stock index future. Then the research of the restrict are also made and mentioned.The last part of the thesis include new content, for example the design of the contract, arrangement of regulation, cover, margin and commission, dealer's qualification, which have taken a step from the theory discussion to practical implementation.