浅析我国股指期货交易面临的风险及监控对策VIP免费

【摘要】随着我国证券、期货市场的发展成熟以及相关制度法规的完善，股指期货的推出已是大势所趋。作为中国内地第一个金融期货产品，沪深300指数期货正处于模拟交易阶段。在这种情况下，股指期货风险管理问题也就显得尤为重要。本文系统地指明了股指期货可能存在的一般风险，并进一步阐明中国股指期货可能存在的特殊风险，借鉴了发达国家经验并针对我国市场情况，提出了股指期货风险管理与控制相关策略。本文共分四个部分。第一部分为前言，这部分分析了我国开展股指期货的经济背景和金融环境，得出我国开展股指期货蓄势待发的客观形势，提出股指期货风险及监控对策分析和研究的重要性。第二部分阐述了股指期货风险类型、特征及我国股指期货特有的风险，根据中国的具体国情，总结出中国股指期货市场特有的风险特征，做到具体问题具体分析。第三部分分析了股指期货风险的成因、防范对策及我国股指期货风险的影响因素。第四部分阐述了国外发展股指期货的成功经验及对我国的启示,并对我国现阶段股指期货的最后推出提出建议。要建立和发展中国股指期货要做到以下几点：在宏观上，要建立健全监管体系；完善风险管理；减少行政干预，构建有序的市场竞争机制。在微观上，完善股票现货市场建设，加强股票市场与股指期货市场的协调和合作；强化行业自律；加强投资者内部风险控制。关键词：股指期货；风险成因；风险监管【Abstract】Alongwiththematuringofthesecuritymarketandtheperfectionofrelatedrulesandregulations，StockIndexFuturesisboundtoappearonthemarketsoon.AsthefirstfinancialfuturesinChinesemainland，HS300issaidtocomeoutlately.Soinsuchcircumstance，stockindexfutureriskmanagementisespeciallyimportant.ThisarticlepointedouttheriskinStockIndexFuturesbusinessbasedontheanalysisoftheStockIndexFutures，andsuggestedonthestrategiesofriskmanagements.Thethesishasfourpartsinall.Thefirstpartistheforeword.Secondlythethesisexplainsthetypes、featuresofthestockindexfutures'riskandtheChina'sownfeatures.Thethirdpartanalyzesthecausesofthestockindexfutures,givesthemethodsandcountermeasures.ThenitpointsouttheinfluencingfactorsofChina’s.ThefifthPartdepictsthedevelopmentstrategiesoftheStockIndexFuturesinsomeemergingmarkets,generalizestheirsuccessfulexperiences.Andthecalculationbasedonthem,arguesaboutthefeasibilityofimmediatelaunchofthestockindexFutures,andcomesupwithrelevantcountermeasures.SetupanddevelopthestockindexfuturesinChinaandaccomplishthefollowingseveralpoints:Onthemacroscopic,itisnecessarytoestablishandimprovetheregulatorysystem;perfecttheriskmanagement.;reduceadministrativeintervention,tobuildanorderlymarketcompetition.OnThemicrocosmic,Improvetheconstructionofthespotmarketforstocks,strengthenthestockmarketandstockindexfuturesmarketcoordinationandcooperation;strengthenindustryself-regulation;strengtheninginternalriskcontrolinvestors.Keywords：stockindexfutures；causeofrisk；risksupervision目录一、前言...................................................................................................................1二、股指期货风险的类型及特征...........................................................................1（一）股指期货的一般风险及特征...................................................................1（二）股指期货的特有风险...............................................................................3（三）我国股指期货交易存在的特有风险.......................................................4三、股指期货风险的成因及对策分析...................................................................5（一）股指期货风险的具体成因及对策...........................................................