Research On Risk Management Of Stock Index Futures In China

Stock index futures is the most rapid developing and active exchanging financial derivative in the world.It has a positive role in supplying the stock market trading mechanism.In April 2010,China launched csi 300 stock index futures,broke the Chinese investment market lacks safe-haven deadlock,opened by a single market operate independently to the new situation of market interaction,make the function of hedge long-short,balance the market itself.But as the risk of innovative products must have unique,margin trading and T + 0 transaction system makes the stock index futures has the characteristics of high leverage and volatile.Although we have gained great achievements on the study of stock index futures at home and abroad,and according to the foreign market also have a lot of lessons,but for our special market atmosphere,volatility and systemic problems are different from any other country's capital market situation.So the scholars on the basis of theoretical research establish a set of suitable for the situation of our country special risk monitoring framework is imminent,this to build the good market economy plays a decisive role.The ability to analyze and control risk is the precondition for investors to enter the futures market.China's investment market structure is dominated by retail investors,analysis of the ability to control risk is the main characteristics.Therefore,the ability of investors to improve their own risk analysis and control is an important part of the investors themselves and the country.The analysis method is subjective and objective,so it is necessary to develop a set of suitable methods for investors.Study on analysis method of subjective or objective is always the dialectical problems in the process of investment,the objective analysis is more suitable for the stock index futures risk.In the aspect of risk identification,using the data of Shanghai and Shenzhen 300 stock index futures,this paper analyzes the application effect of MA,EMA and MACD in stock index futures.This paper is divided into five chapters:the first part is the introduction,it introduces the research background and research significance,summarizes the research situation at home and abroad.The second part introduces the general risk and special risk of stock index futures in ChinaThe third part is the analysis of the year2013 and 2015the risk of accidents in the year of2013 and 2015.The fourth part is the test of the Shanghai and Shenzhen 300 stock index futures market in MA,EMA and MACD modes.The fifth part puts forward relevant suggestions for China's stock index futures risk control,including the strengthening of government supervision,strengthen market supervision,strengthen the exchange risk management,the risk management of securities and futures brokerage companies,stock index futures investment main body,strengthen the risk control ability of investors.