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近两年,我国的资本市场取得了令人瞩目的成就。在管理层“建立多层次资本市场体系”的方针指导下,资本市场发展呈现勃勃的生机。此时推出股指期货不仅将开创我国金融期货的先河,更将翻开我国资本市场发展崭新的一面。本文将通过对海外成熟市场和新兴市场上股指期货运行的一些研究结论,结合我国的实际情况,最后得出结论:在良好的监管和普遍深入的投资者教育下,我国的股指期货将成为我国资本市场的稳定器,对我国股市的发展具有长期的推动作用,而且我国资本市场运行趋势与经济运行的关联性将会得到增强,资本市场将成为经济运行情况的晴雨表。
In the past two years, the capital market in our country has made remarkable achievements. Under the guidance of management and “establishing a multi-level capital market system”, the development of the capital market has shown great vitality. At this point the introduction of stock index futures will not only create a precedent for China’s financial futures, but also open up the development of China’s capital market a new side. Based on the conclusions of some researches on the operation of stock index futures in overseas mature markets and emerging markets and the actual conditions in our country, this article concludes that under the supervision of good regulation and the general investor education, China’s stock index futures will become the The stability of the capital market will have a long-term impetus to the development of the stock market in our country. Moreover, the correlation between the operational trend of the capital market and the economic operation in our country will be enhanced and the capital market will become a barometer of the economic operation.