Risk Management Study Of Treasury Bond Futures In China

There have been enormous achievements in reform of China's financial system. With the great development in macro-economy, the futures market has gradually become regulated. It is high time to resume Treasury bond futures in China. With all the background, investors have more demands in bond futures' trade. Therefore, to promote Treasury bond futures will not only satisfy the fundamental needs of investors, but also contribute to the interest rate marketlization process and facilitate the reform of financial system as well. However, we should not ignore the risk of Treasury bond futures. This thesis focuses on the risk of Treasury bond futures in China and proposes the corresponding measures.The thesis has four chapters. Chapter I analyzes the background of Treasury bond futures by introducing the development of international Treasury bond futures and reviewing the experimental experience of China's Treasury bond futures in 1990s.. Chapter II analyzes the current market environment for Treasury bond futures in China from both necessity and feasibility aspects. Chapter III takes a further step into the causes of 3.27 Treasury bond futures Accident, followed by chapter IV proposing the possible risk control measure to the above situations.