Countermeasures For The Development Of Chinese Futures Investment Fund

As everyone knows, the United States of America is the birthplace of the futures market. Since the establishment of the Chicago stock exchange in1848futures, has more than a hundred years of history, the development of agricultural products futures varieties by bond, currency, index and other financial areas, expanding trade. With the development of the futures market, investors demand in risk management is becoming more and more obvious, in1949, the United States Hayden Stone securities broker Richard Richard front (Richard Donchian) established the first public sale of Futures Fund (Managed Commodity Fund Futures Inc.), the last century70’s, the futures investment funds are paid attention to, as of today, the United States of America the futures investment funds not only become the main investment tool in the futures market, and has become an indispensable part of the investment combination mechanism, plays an important role in the prosperity of the United States and the United States of America in futures market to promote capital market development. Similarly, the futures investment funds in Europe, Japan and Australia and other countries and regions have entered a stage of rapid development.The basic characteristics of the futures investment funds is a collection of investment, expert financial management, risk sharing, benefit sharing, this investment model is very attractive to investors, the investors in the investment process alone bear the investment risk, and the futures investment funds can lower the risk of investors.The futures market of our country started at the age of80are not at the beginning of the90’s, later than the western developed countries, but the development speed is very breathtaking, so far there are three commodity futures exchanges and a financial futures exchange, futures varieties listed has reached more than30, relates to the field of covers of precious metal, nonferrous metal, industrial raw materials, agricultural products, soft commodities, stock, bond and so on. And, variety innovation is orderly, recently listed the coke, coking coal, coal and treasury bonds, commodities and financial futures varieties, the next step of iron ore, timber, crude oil, asphalt, egg, interest rate futures, options will also be launched, in2012only Dalian a commodity exchange futures trading volume and transaction sales reached1260000000hands and65.9trillion yuan, ranking among the top ten global futures exchange. It can be said of China’s futures market, the amount of development, basically just20years after he caught up with the United States and other developed countries, and the gap is still very obvious quality. For example, until now, our country has not the futures investment funds on real significance, the futures market the next step from quantitative to qualitative breakthrough created great constraintsThe development course of international futures market, the major share only institutional investors occupy investment group, it means that the futures market to mature, and futures investment fund is an important part of institutional investors. In our current futures market, investor structure is far from reasonable state, most of the investors are all natural person investors, they are mainly to speculation in the futures market, which exacerbated the futures market all varieties of trading price fluctuations, which increases the risk of futures market, futures market "found that the limit function pricing, hedging". The futures investment funds can effectively reduce the investment risks for investors, improve the structure of investors in futures market, the futures market is more stable and healthy development, this paper proposed the mature experience of the development of the United States and other developed countries futures investment fund for reference, combining the current situation of the development of China’s futures market, the futures investment funds, to reduce the investment risk of futures market arbitrage of market, the portfolio of many varieties, multi period, in order to stabilize the futures market, improve the financial system to.In our current futures market, there are many underground private pools, they produce a long time, very active trading, market share increased year by year, and some already have professional futures investment fund level and scale, it is the embryonic form of the futures investment funds. But because of the lack of sunlight, so these underground private pools uneven, some good and some bad, this article through the legislation to be legalized, establishing effective supervision system operation and risk management to regulate and supervise, the development of the futures investment funds formal, fill the gaps in the field of futures investment funds futures market in China in China, the futures market to a more mature stage.This paper proposed the question, analysis of the problem, to solve the problem, this paper mainly includes five parts:one, the introduction, research background and research significance, the main research literature review, research ideas and research methods and innovative points of this paper in the process of writing; the two, futures investment fund, this part summarizes the theory part of the thesis, meaning, category and function of the futures investment funds; three, development of Chinese futures market and investment fund prototype, this part is the main part, patterns and problems of development and influence of Chinese futures market, the main research of the Chinese futures investment fund embryonic form; and the feasibility analysis the necessity to develop futures fund four, China; five, the development of Chinese futures investment funds countermeasures and suggestions, this part of the paper core part, aiming at the problems exists in the process of the above research, proposed the corresponding solution countermeasure; the last part is the conclusion, carries on the summary to the full text, put forward the prospects of Chinese futures investment fund for the future development, hoped that has certain enlightenment and reference to the development of investment funds in China Use.