| The stock index futures have already become the financial product with the fastest developing speed from coming out 1982, whether implement the research of the stock index futures and discuss the expansion like a raging fire to the market of our country at present. How to put out stock index futures on earth on capital market of our country of, how will the stock market and forward market of China meet its arrival, it is really a question worth thinking deeply about.The stock index futures will have the following positive roles after imple--menting in our country: Help to avoid the stock market system risks , protect investor's interests; Help investors to dispose the assets rationally; Help to foster institutional investors, urge enter the security market to develop; Help to perfect the market system of the capital, strengthen the international competitiveness of the capital market; It is favorable adopt etc. Enlivenning more convenient regulation and control of the stock market and responsible institution. May produce the following drawback at the same time: May know form economic bubble; May aggravate the fluctuation of the stock spot market; May be unfavorable to protecting vast medium and small investment person interests; May threaten the security of financial market etc..The market of our country helps the condition that the stock index futures implement at present: The developing into the stock index one fast of security market .The trade of the goods has established the foundation; The increase day by day of institutional investors makes the demand for the stock index futures stronger and stronger ; The pilot project of the forward market has offered abundant experience for introduction of the stock index futures; There is abundant international experience that can be drawn lessons from ,etc.And our country is unfavorable to the condition that the stock index futures implement at present: The security market of our country is a promoting type of... |
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