我国股指期货现时推出的风险研究.docVIP

摘要 股指期货作为金融期货的一种，具有套期保值、价格发现、规避股票系统风险的作用。股指期货目前在国外发展极为迅速，而我国尚未开设股指期货，目前我国的股票市场只有做多，没有相应的做空机制，金融市场的这种不完善的结构体系，势必会影响其功能的充分发挥，不利于我国金融市场的对外开放与发展。我国的有关部门早己意识到我国金融市场的缺陷，并己经在加紧研究推出我国的股指期货。 对于众多投资者来说，股指期货的推出不仅提供了风险规避的工具，也提供了一个全新的投资品种。股指期货市场是一个专业性强、风险程度高的市场，其投资理念、风险控制与股票现货市场有着本质区别。在参与股指期货市场之前，对股指期货的风险必须要有一个充分的了解和认识。 本文通过对国外一些国家股指期货的发展进行分析，并对我国股票现货市场的分析研究，探讨我国现时推出股指期货可能造成的风险，包括对股票现货市场的影响风险及股指期货本身存在的风险。针对这一系列的风险，从政策立法、上市公司、投资主体等角度寻求解决办法，力求为我国股指期货的发展尽力，让股指期货更快的发挥作用。 关键词：股指期货 股票市场 特有风险 投资主体 沪深300股票指数 Abstract Stock Index Futures as one of financial futures, with hedging, price discovery, to avoid the risks of the stock system. Stock Index Futures currently extremely rapid development in foreign countries, but China has yet to open stock index futures, Chinas stock market only do more, no corresponding mechanisms to go short, the financial markets this imperfect structure, it is bound to affect its function in full Play is not conducive to Chinas financial market to the outside world and development. Chinas relevant departments as early as Chinas financial market has been aware of the deficiencies and to intensify research has been launched in Chinas stock index futures. For many investors, not only the introduction of stock index futures provided a tool for risk aversion, also provides a new investment varieties. Stock index futures market is a highly professional, high-risk markets, its investment philosophy, risk control and the stock is essentially different from the spot market. Participation in the stock index futures market, the risks of stock index futures must have a full understanding and knowledge. Based on some foreign countries for the development of stock index futures analysis, and Chinas stock spot market analysis study on Chinas existing launch stock index futures may create a risk, including the stock spot market risks and the impact of stock index futures inherent risks. In response to this series of risks, from a policy legislation, li