Function, Business Formats, and Internationalization of the Futures Market

Author: Wang Wei
Publisher:
Publish Date: 2005-08-01
Features: This book attempts to explore the evaluation of functional efficiency and the pathways for achieving functions 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. Furthermore, it conducts in-depth research on important practical issues in the development of the futures market, such as how enterprises can utilize the futures market, the operational models of futures brokerage companies, and the policy arrangements for introducing stock index futures under the Qualified Foreign Institutional Investor (QFII) system. It is a research-oriented work that combines theory with empirical analysis.