我国水产品期货市场构建可行性分析-feasibility analysis of building aquatic products futures market in china.docxVIP

Analysis on Feasibility of Building up Futures Markets of Chinese Fishery ProductsABSTRACTThe agricultural futures market of China is developing rapidly in the last twenty years, and it has become the world’s second-biggest agricultural futures market after the United States now. The development of the futures market helps the agricultural market participants avoids the market risks, not only perfects the agricultural products market system, but also enriches the circulation system. In the mean time, both the production and trade volume of fishery products in China take lead in the world. With the introducing of the futures market mechanism into aquatic products transaction, and regarding futures price as the spot production guidelines, it will enable the aquaticproducts producers, processors and exporter to effectively grasp the market pricedynamic, then realized the purpose of avoiding risk and smoothing their earnings.On the basis of presenting the concepts of the aquatic products futures market, and analyzing seven elements contributed to successfully building it, then stating the importance of the basic function it will play—avoiding risk, discovering price, resource allocation, as well as summing up the practical experiences of the agricultural futures market and shrimps futures market domestic and overseas, this paper explores the feasibility of building up futures markets of Chinese fishery products with Factor Analysis, applying SPSS statistical software to complete analysis. In comparison with other 14 countries, where fishery industries are well developed and the futures markets are matured, on the spot market scale, intra-industry factor and futures market developmental level, China overall takes the third place in terms of emerging futures markets of fishery products, the United States comes top of the list followed by Norway. The analysis results are in accordance with the practice, the prospects for building up China’s aquatic produces future