摘要
Abstract
China's first stock index futures was listed in the China Financial Futures Exchange on April 16th, 2010. The introduction of stock index futures in China has brought about changes to China's stock market where only the long trade was available. As one of the basic risk management tools, the stock index futures have func-tions of hedging and price discovery, and therefore its introduction has supplemented the function of China's stock market which was unable to deal with short selling, and security loan, and was lack of management tools against systematic risks. We should therefore launch a research on its influence to help investors better understand the stock index futures, and to facilitate new choices of portfolio and risk management for investors from institutions, and means for common investors, which can highlight the idea of value investment.关键词
沪深300股指期货/影响分析/政策建议Key words
Shanghai and Shenzhen 300 Index Futures/Impact Analysis/Policy Recommendations分类
管理科学
