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2010年4月16日,股指期货在中国内地正式推出,将会对我国股票市场的运行产生重大影响,有助于进一步完善股市的机制与功能。同时,我国推出自己的股指期货也是保护本土市场的定价权,保障金融安全,降低异地上市股指期货对我国股市负面影响的客观要求。本文运用计量经济方法对股指期货推出前后沪市A股交易量的变化进行分析,结果发现股指期货的推出对股票市场的稳定发展将起到一定的作用。
On April 16, 2010, the formal launch of stock index futures in the Mainland of China will have a significant impact on the operation of the stock market in our country and will help to further improve the stock market mechanism and functions. At the same time, China’s introduction of its stock index futures is also an objective requirement to protect the pricing power of the domestic market, safeguard financial security and reduce the negative impact of the listing of stock index futures on the Chinese stock market. The econometric method is used to analyze the changes in the trading volume of A shares before and after the introduction of the stock index futures. The results show that the introduction of the stock index futures will play a certain role in the stable development of the stock market.