作为重要的金融衍生工具,股票指数期货(简称股指期货),因其卓越的风险对冲机制而成为世界各国成熟资本市场的风险管理工具。随着我国证券市场规模的不断扩大,适时推出股指期货并合理利用,将不仅能降低金融现货和期货市场风险,而且还能促进股票、债券等原生金融工具的进一步发展。 As an important financial derivatives, stock index futures (referred to as stock index futures), because of its excellent risk hedging mechanism and become the world’s mature capital markets risk management tools. With the continuous expansion of the securities market in our country, the timely introduction and reasonable utilization of stock index futures will not only reduce the risks in the financial spot and futures markets, but also promote the further development of primary financial instruments such as stocks and bonds.