Our Financial Futures Markets, Risk Control, Legal Mechanisms For Research

On September 8, 2006, the Chinese finance futures exchange licenses is established in Shanghai, which symbolized that the finance futures market mounts the historical arena of our country. As the finance futures market has the dual character, during the moment of displaying the risk management function, it is containing the huge risk, so perfecting the risk control system of the finance futures market becomes the most important task in the development of the finance futures market. However, the domestic and foreign scholars concentrate on the risk control of the finance futures market in the areas of finance and management, but the legal science research is quite few. So designating the law mechanism of finance futures market risk control as the object of study has the vital practical significance and theory significance.The finance futures market risk is complex changeable, and has the dual natures, so we must carry on the risk recognition first in order to confirm the scope and degree of the risk control. The financial stock futures market risk control is a systems engineering, which contain three level of the anticipation risk guard, the risk monitoring, and the risk dealt with the issue afterwards. The risk guard is the premise of the risk control in anticipation, the risk monitoring is the key, and the risk dealt with the issue afterwards is the supplement of the risk guard and the risk monitoring, three levels are indispensable. However, the legal mechanism finance of the futures market risk control in our country has many problems actually. The mixing management tendency has threatened the isolation system in which the industry is managed and supervised personally. The risk supervising and managing system in which the capital is the core cannot display its function completely because of the imperfect of the capital supplemented system, and the member system of accounting is also unable inosculating with the customer code system. More importantly, our country has not established the real-time risk monitoring system, so the exchange cannot discover the risk promptly and carry on the risk early warning. Once the risk event is breaking out, the stock company's effective withdrawal and the investor legitimate benefit protection becomes the sticking point. We should consummate the legal mechanism of our country finance futures market risk control from three aspects of the risk guard, the risk monitoring and the risk dealt with the issue afterwards before promoting the financial stock for developing the finance futures market smoothly and healthily.