Futures Market Risks And Control System Is Perfect

After review and summary of the futures market in the past ten years in China, the thesis tries to demonstrate the market risk with gradual development of market system as well as the perfectness of risk control system lying with process. Risks of capital security, exchange, transaction and policy have different characteristics in different period. In one word, the predictable risks have been decreasing and the unpredictable risks have become the central ones in the futures market. On the principal of "fairness, equity and justice", the institution of risk management has been perfecting step by step. Learning from overseas successful experiment, an integrative system for supervision which is constituted by government supervision, guilds' self-management and futures bourse' supervision has been set up. The institution and the mode of management are normative. But compared to overseas ripe institution for risk management which has developed for more than 100 years, we still have a gap. Being the core substance of the management of futures market, the institution for risk management must be connected to the international market and accord with characteristic in China. The supervision department should keep on rectifying the futures companies, promoting incorporative and supervising and punishing illegal action. The futures bourses should proceed with perfecting institution for risk management and standardize process in management, enhancing strength of themselves, raising quality of brokers, developing in standardizing and standardizing in developing.This paper includes five parts. The first part summaries the basic theory of futures market and development in China. The second tries to introduce the causes, types and reflects of risk in futures market, and make statement and analysis of some important risk events. The third part describes the supervision system and the self-management of principal parts of futures market in China. The fourth part is the case of risk supervision of international futures market, including development, framework and reference of that. The fifth part analyses the particularity of risks in China and problems in risk management and give some suggestion for the risk management of Chinese futures market.