An Empirical Study On The Effectiveness Of Chinese Gold Hedging

China gold market has grown very fast these years.And China gold market has become a very important gold market in the international gold market.Shanghai gold is playing an important role in the world.Hedging,as one of the important functions of the futures market,provides an important risk management tool for the company and investors.In this paper,we used Shanghai gold and gold futures prices of three years to do study.Hedging model which we used are three popular modle.We analyzed the result.And base on this,we give China gold futures market some improvement suggestion.