进入90年代后,国际资本流动日益全球化,同时机构投资者逐渐成为金融市场上的主导力量,从而对风险管理工具和手段提出了更高的要求。在此背景下,发达证券市场和新兴证券市场竞相开设股指期货交易,形成了世界性的股指期货交易热潮。在中国证券市场从规模增长走向功能拓展的进程中,股指期货将是关键一环。股票指数期货的产生是股票市场规 Since the 1990s, the international capital flows have been increasingly globalized. At the same time, institutional investors have gradually become the dominant force in financial markets, putting higher requirements on risk management tools and tools. In this context, the developed securities market and the emerging securities market competed to open stock index futures, forming a worldwide upsurge of the stock index futures. Stock index futures will be the key link in the process of expanding the scale of China’s securities market to function expansion. Stock index futures is the stock market rules