股票收益互换业务监管研究

发布时间：2018-01-04 04:10

本文关键词：股票收益互换业务监管研究　出处：《对外经济贸易大学》2016年硕士论文　论文类型：学位论文

【摘要】：自2014年下半年以来,A股市场一路高歌猛进,在场外配资、券商融资融券业务迅猛发展的同时,股票收益互换业务也跟着风生水起,成为了机构和券商的新宠。但是,金融衍生工具就像一把“双刃剑”。一方面它可以为投资者提供有效的保值增值手段,另一方面却也能加剧金融市场的不稳定性,成为金融市场巨大的风险来源。目前学术界重点研究的金融衍生工具是期权、期货和远期交易,在金融互换业务方面研究的重点又在于货币互换与利率互换,对股票收益互换业务的研究,不但数量少,而且研究的深入度还非常不够。文章在介绍股票收益互换业务的涵义、缘起、性质及特点的基础上,分析了股票收益互换业务的价值,并说明其在实际应用中的业务模式以及应注意的问题。然后通过案例分析股票收益互换业务的实际操作模式并总结出股票收益互换业务的风险点及风险形成原因。在此基础上,探讨了股票收益互换业务风险监管的问题,通过实际案例提出风险的危害性及监管的必要性,并提出对我国股票收益互换业务进行风险监管的具体对策。具有理论指导和实际操作的双重意义。
[Abstract]:Since the second half of 2014, the A stock market all the way on the sidelines with capital, stride forward singing militant songs, the rapid development of the business brokerage margin trading and stock return swap business also followed fast, became the agency and brokerage force. However, financial derivatives is like a "double-edged sword". On the one hand, it can provide a means of increasing the value of effective for investors, on the other hand, it can also exacerbate the instability of financial markets, financial markets become the source of huge risk. The current financial derivative key academic research tools are options, futures and forward transactions in key financial swap business research in currency swaps and interest rate swaps on stock return swap business, not only small in quantity, and the depth of research is not enough. Based on the introduction of stock swap business income meaning, origin, basic properties and characteristics, divided Analysis of the stock return swap business value, and explain its practical application in the business model and the problems should be noticed. Risks and the causes and then through the case analysis of stock swap business income of the actual operating mode and summed up the stock swap business income. On this basis, to explore the stock swap business income risk the question of regulation, through the actual case of necessity of hazard and risk supervision, and proposes specific measures for China's stock swap business income risk supervision. The double meaning of theoretical guidance and practical operation.

【学位授予单位】：对外经济贸易大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F832.51

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