论文部分内容阅读
我国期货交易的实践表明,期货市场作为市场发展的高级形式,具有价格发现机制、回避风险功能和大流通大市场聚合效应。企业通过期货交易,进行套期保值,规避现货市场中的价格波动风险,国家通过兴办期货市场,调节供求,稳定经济。期货交易和期货市场在我国市场经济的发展和市场体系的培育和完善过程中已显示了不可替代的重要作用。但由于我国缺乏期货交易的统一法规,在期货市场发展中出现了争办市场、盲目发展、交易行为不规范、甚至冒出一批从事非法期货交易的地下经纪公司,对此应引起高度重视,否则隐患极大。 为使我国期货交易和期货市场得以健康发展,我们认为,应加强宏观调控,加速我国期货交易法规的制定,规范期货交易和期货市场。 1、适时建立高层次具有权威性的统一管理机构 我国期货市场的发展出现的一哄而上、多头管理、市场分割、诸侯并列的局面,已对全国统一市场的形成带来不良影响。我们认为可借鉴国外政府管理期货市场的成功经验,建立高层次具有权威性的期货管理机构,以规范和协调国内期货市场的发展。 在美国,政府对期货交易实行了严格的管理并形成有效的分层
The practice of China’s futures trading shows that the futures market, as a high-level form of market development, has a price discovery mechanism, a risk avoidance function, and a large circulation market aggregation effect. Enterprises through futures trading, hedging, to avoid the risk of price fluctuations in the spot market, the state through the establishment of the futures market, regulate supply and demand, stabilize the economy. Futures trading and futures markets have shown an irreplaceable role in the development of China’s market economy and the cultivation and improvement of market systems. However, due to China’s lack of unified regulations on futures trading, there has been an underground brokerage company that has engaged in market development, blind development, unregulated trading practices, and even a group of illegal futures trading in the development of the futures market. Otherwise, the hidden danger is great. In order to enable the healthy development of China’s futures trading and futures markets, we believe that macroeconomic regulation and control should be strengthened to accelerate the formulation of China’s futures trading laws and regulate futures trading and futures markets. 1. Establishing a high-level and authoritative unified management organization at an appropriate time The situation in which the development of China’s futures market has been accompanied by the rush of masses, multi-headed management, market segmentation, and privileged officials has adversely affected the formation of a unified national market. We believe that we can learn from the successful experiences of foreign governments managing futures markets and establish high-level and authoritative futures management institutions to regulate and coordinate the development of the domestic futures market. In the United States, the government has imposed strict management on futures transactions and formed an effective layered