作　　者： ; ; ;

机构地区： 暨南大学经济学院

出　　处： 《江西农业大学学报（社会科学版）》 2005年第4期52-55,共4页

摘　　要： 股指期货与证券市场有密切关系,能有效规避证券市场投资的系统性风险,具有价格发现、套期保值和增加市场流动性等功能,逐渐成为开展金融衍生品交易的首选品种。但是它在规避系统风险的同时,使风险在现货市场和期货市场之间传导与扩大,只有对其进行有效监控才能发挥其功能。发达国家有着比较成熟的的股指期货监控制度,我们在引入股指期货时可以加以借鉴,建立起适合我国的股指期货风险监控制度。 Stock index futures is closely related to the securities market. With features of price discovery, hedging and arbitraging, it can effectively decentralize the systemic risk for the moment, Therefore it is becoming one of the most popular instruments in the financial derivatives trading. On the other hand, it also transits and expands risk between present market and futures market. Only when it is effectively supervised can its function be fully exerted. The supervisory mechanism of stock index futures in developed countries can be studied in order to establish a risk supervisory institution suitable to China.

关 键 词： 股指期货 风险 监控制度

领　　域： [经济管理]