股指期货创新中的投资者保护探讨

发布时间：2018-04-25 13:09

本文选题：股指期货 + 投资者保护　；参考：《证券市场导报》2010年11期

【摘要】：股指期货的推出,在交易机制和违规行为等方面,均对投资者产生了一定影响,因此股指期货创新中的投资者保护应成为其应有之义。本文认为股指期货在杠杆交易、双向交易和到期日制度方面会对投资者造成一定影响;另外在信息敏感性和跨市场联动性等方面也会对投资者造成影响。当前股指期货市场对投资者保护主要从投资者适当性,风险揭示和保护基金三方面着力,有待扩展和深化。本文在借鉴美国、日本、香港等成熟股指期货市场投资者保护立法及实践的基础上,提出了完善我国股指期货投资者保护的一些建议。
[Abstract]:The introduction of stock index futures, in the aspects of trading mechanism and illegal behavior, has a certain impact on investors, so the protection of investors in the innovation of stock index futures should become its due meaning. This paper holds that stock index futures will have an impact on investors in the aspects of leverage trading, two-way trading and maturity system, as well as in the aspects of information sensitivity and cross-market linkage. At present, the stock index futures market mainly focuses on investor protection from three aspects: investor suitability, risk disclosure and fund protection, which need to be expanded and deepened. Based on the legislation and practice of investor protection in mature stock index futures markets, such as the United States, Japan and Hong Kong, this paper puts forward some suggestions to improve the investor protection of stock index futures in China.
【作者单位】：中国金融期货交易所;
【分类号】：F832.51

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