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股指期货作为一种规避系统风险的工具,具有交易成本低,杠杆倍数高等特点,因此越来越受到机构投资者的青睐。2007年中国的资本市场,最值得期待的就应该算是股指期货了。对中国资本市场,股指期货应该说是一种全新的金融衍生产品,股指期货究竟将会如何影响中国的股市呢?本文从股指期货本身所具有的特点入手,并结合国外的经验,分析股指期货的推出将会对我国股票市场带来的影响。
As a tool to evade systemic risk, stock index futures have the characteristics of low transaction cost and high leverage ratio, therefore, they are more and more favored by institutional investors. China’s capital market in 2007, the most anticipated should be regarded as stock index futures. To China’s capital market, stock index futures should be said to be a new financial derivatives, stock index futures exactly how it will affect China’s stock market? This article from the characteristics of stock index futures itself, combined with foreign experience, analysis of stock index futures The introduction of China’s stock market will bring the impact.