Function of Futures Market, Business Formats, and Internationalization

Author: Wang Wei
Publisher:
Publish Date: 2005-09-07
Features: This book attempts to explore the evaluation of functional efficiency and the pathways for achieving it in China's futures market. The author proposes the concept of functional efficiency from a theoretical perspective and employs cointegration analysis techniques and safe research methods to conduct statistical tests and empirical investigations on the functional efficiency of China's futures market. Based on this, the book discusses the two main constraints currently facing the functional realization of China's futures market: the development of the futures intermediary industry and the internationalization of the futures market. Additionally, it addresses how enterprises can utilize the futures market, the operational models of futures brokerage companies, and the policy arrangements for introducing stock index futures in China under the Qualified Foreign Institutional Investor (QFII) system, among other related topics.