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股指期货是以股票市场的价格指数作为交易标的物的金融期货品种;它是以股票指数为行权品种的期权合约指协议双方同意在将来某一时期按约定的价格买卖股票指数的可转让的标准化合约。而我国精心准备了上千个日夜的股指期货沪深300股指期货合约于2010年4月15日4个交易品种上市交易,标志着我国资本市场创新进入新阶段,期货市场步入了一个金融创新的新时代。它的问世对我国金融体系特别是对资本市场产生不可估量的深远影响。股市从6124点高位快速回落到1624点附近,随后又从1624上涨到3478点,又从3478下跌到2319点,期间,政策变化莫测,广大投资者面临的股市系统性风险骤然加大。而股指期货的推出对我国证券市场乃至整个金融市场和金融体系,意义非同小可。
Stock index futures is a financial futures stock whose price index of the stock market is the subject matter of the transaction; it is an option contract with the stock index as the exercising species. The contractual terms of the options agree that the parties agree to buy or sell the stock index at an agreed price in a future period Standard contract. And China has carefully prepared thousands of day and night stock index futures Shanghai and Shenzhen 300 stock index futures contracts April 15, 2010 4 trading varieties listed, marking the capital market in China entered a new phase of innovation, the futures market entered a financial innovation A new era Its advent has profound and far-reaching implications for China’s financial system, especially for the capital market. The stock market quickly dropped from a high of 6124 points to around 1624 points, and then rose from 1624 points to 3478 points, down from 3478 to 2319 points. During the period, unpredictable policies, the general stock market investors facing a sudden increase in systemic risk. The introduction of stock index futures on the securities market in our country and the entire financial market and financial system, the significance of nothing.