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A Study On The Regulation Of Financial Derivative Market In China

Posted on:2015-11-11Degree:MasterType:Thesis
Country:ChinaCandidate:Y B ZouFull Text:PDF
GTID:2296330422984436Subject:Law
Abstract/Summary:PDF Full Text Request
In recent years, financial derivative markets have enjoyed a rapid development in China..With the establishment of the Shanghai Financial Futures Exchange, the stock index futures andbond futures have been restarted to trade and thus market participants have powerful newtechniques to managing financial risks.Despite its favorable side of managing risks,the financialderivatives has its own deep-rooted risks which could be resulted in financial crises without asuitable and keep-to-pace regulatory system. China’s financial derivatives market is in its infancy,there are still many problems in the regulatory systems, such as the overlap between the regulatoryauthority body, the lack of supervision for the regulatory body, derivatives market access system isnot complete, the information disclosure system is not perfect, these defects are not conducive tothe healthy development of China’s financial derivative market. This paper is divided into threechapters:The first chapter described the current situation of China’s financial derivatives marketregulatory system, and analysed the problems of the regulatory system from several aspects:permission of the regulatory bodies, mechanisms for coordination and cooperation among themain regulatory bodies, market access, information disclosure, financial consumer protection andinternational regulatory cooperation;The second chapter analyzed regulatory systems of the U.S.and British before and after the financial crisis, some of the common features of the twodifferential systems are summarized and available to draw experience and enlightenment. The lastchapter presented some suggestions about improve the regulation of the financial derivativemarket in China, such as: make the objectives and principles right, improve coordination andcooperation mechanism between the regulatory bodies, build up a complete market access and exitregulation system, improve the protective system for financial derivative consumer, strengtheninternational regulatory cooperation,etc.
Keywords/Search Tags:financial derivative, financial derivative market, regulation
PDF Full Text Request
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