借鉴国际经验+建立完善中国石油期货市场-国际贸易学专业论文.docxVIP

ABSTRACTOil ABSTRACT Oil 1S the’。blood”of modem industry．With the further fast process of industrialization，we import more and more oil from abroad year by year．The sudden rise and sharp fall in the world oil price has brou曲t more effects on the stable growth of our economy．Besides the growth rate of GDP and balance of payment，it effects on many other aspects．Therefore the researches On how tO evade the risk of oil price fluctuation and ensure the healthy development of country economy by oil futures are significant． Future market is an advanced form which is derived from spot market，and is also a necessary outcome of commodity economy’S development．The major functions of it are hedge and price discovery．Future market develops with the risk evasion Oil various commodities．The first oil future contract was made in NYM匝X in 1978．Then the oil futures grew faster and faster．There are more and more oil futures．Nowadays，there are many famous oil futures exchanges all over the world which promote the development of oil trade and provide the risk evasion tools for the oil futures participants．As a result，the optimal choice of establishing and improving our oil futures market is using the experience of international oil futures for reference． In china，futures market develops rapid in recent years，and various commodity futures which are out—of-order in the 20th century step into the right path now．111 addition，Shanghai Petroleum Exchange sets up onl8th Aug，2006 which indicates the canonical development of our oil futures trade．In the 1st chapter，1 will introduce the general situation of futures market，and expatiate on the functions of hedge and price discovery．In the 2nd chapter,1 will present the foreign oil futures market’S history and some important oil futures exchanges such as NYXEM，then analyze their successful conditions and experience．In the 3rd chapter，1 will investigate investigate China’S oil supply safety condition and the effects on our economy brought by the su