China's Futures Market And The Response Measures

China's current futures market, from establishment to now for more than ten years, has gone through a lot of trials and hardships, the improvement and rectification of some time afterwards of "the Futures Hot " in a few years from the beginning of establishment, stage when nowadays has already been moved towards developing steadily. With the deepening of reform and opening-up and putting WTO, we hope that our futures market keeps in line with the international futures market closer and closer. At the same time the issue of the "nine suggestions" brought the new development opportunity to China's futures market. In 2004, China's futures market was developed in fact, successively put out the cotton, fuel oil, maize futures, has provided the space of wider hedging for large goods producers and consumers. While meeting new opportunity for development, they should realize the existing problems for China's futures market, perfect the risk and control the institutional improvement and strengthen the risk to control constantly. Research of the paper insists the principles of combining together theory analysis with practice analysis. Begin from the development course of reviewing the futures market of our country, summarize the question existing in the course of its development through the phenomenon, and analyze origin cause of formation to it, then on the basis of summarizing foreign experiences of ripe futures market, have put forward the sound measures to develop China's futures market. The paper is divided into five parts. The part of the foreword has introduced the background and meaning of the selected subject. Chapter One introduces the current situation of China's futures market, analyzing characteristic of one developing stage in China futures market, introducing every some changes, measures, inventions of stage, etc. Chapter Two is main problems and analysis of origin cause of formation existing in the development of Chinese goods futures market, the main problems existing have five points: Investors rig the market; Trade delivery system does not perfect; Hedge and conclude the business seriously and unevenly; The early warning system of the risk of the exchange is not perfect enough; Company , manager of futures , has greater hidden dangers and its development can't comply with the development of the futures market . Proceed from current situation to each problem at the same time, then analyze its origin cause of formation of risk, this paper has enumerated some risky incidents to illustrate. Chapter Three is a current situation of the foreign and advanced forward market, introducing the current situation of the foreign and famous futures market, explaining risk supervisory system, U.S.A. of futures market especially, to expect using experience for reference to reform of China's futures market. Chapter Four is a sound measure of developing the China's futures market. I will set out from government, futures exchange, futures manager's company, investor, four angles, put forward comply with China reform measure of futures market of development. I hope from the study on the four aspects, it will promote steady development of China's futures market to meet the Spring of China futures market.