Starting from CAPM (Capital Assets Pricing Model) analysis, a new method for hedging portfolio risk with stock index futures is proposed.
从分析CAPM(资本资产定价模型)入手，提出了用股票指数期货来对冲股票组合风险的一种方法。
Therefore, full understanding of stock index futures of cash market and its influence to the risk control is very important.
因此，充分了解股指期货对股票现货市场的影响并对其进行风险控制非常重要。
Corresponding to hedgers' transferring price risk and abandoning risk earnings, the speculators in the stock index futures market shall intentionally take the risk from hedgers in pursuit of profit.
与套期保值者转移价格风险、放弃风险收益的属性相对应，股指期货市场中的投机者就是承担价格风险和追逐风险收益。
Contract multiplier and the underlying index point determine the value of stock index futures contracts, and play a key role on transaction risk to investors.
合约乘数与标的指数点位决定了股指期货的合约价值，对投资者的交易风险起到关键性的作用。
The risk control of the stock index futures involves financial instruments, management tools, technology and legal means.
股指期货风险的控制，涉及金融、管理、科技、法律等手段的综合运用。
It is very wise to introduce stock index futures transactions appropriately depending upon on the reasonable contract design and establishing prudent risk supervising system.
在合理设计合约和建立严密的风险监控制度和体系的基础上，适时推出股指期货交易是明智的选择。
Stock Index Futures is a derivative financial facility for hedging the systemic risk of investment and the current assets.
股票指数期货是一项用以对冲股票投资系统风险，对现货资产进行套期保值的衍生金融工具。
The most central functions of stock index futures are to hedge and to avoid the systematic risk.
股指期货最主要的功能是套期保值、回避系统性风险。
Many studies have been carried about the stock index futures, and they mainly focused on the index choice, the contract design, the risk control and so on.
关于股指期货，前人曾对指数选择、合约设计和风险控制等方面分别作过研究。
At last, we also discuss the risk control system of the stock index futures market.
最后，研究了我国指数期货的风险控制问题。
Through analyzing the problem that my country stock index futures risk control will face and bring forward the object model of futures markets.
在对我国股指期货风险控制的研究中，提出了我国股指期货风险控制的目标模式，为我国股指期货风险控制指出了努力方向。
To reduce the basis risk, this thesis offers a compound hedge policy on stock index futures and deduces the expressions of the hedge ratio in two instances when the cost is same or restricted.
为了降低套期保值交易的基点差风险，本文提出了利用多种股票指数期货对股票组合进行复合套期保值的策略，并给出了套期保值成本相同和限制套期保值成本两种情况下的套期保值率公式。
Woredwidely, stock index futures came into being later but is the most successful financial futures. It has the function of escaping from the systematic risk in the stock market.
从世界范围来看，股指期货是出现较晚的但也是最成功的金融期货，它具有规避股票市场系统风险的功能。
In this case, through the study of stock index futures to guard against the risk of open-end fund in China is of great realistic significance.
在这种情况下通过研究股指期货来防范开放式基金的风险，在我国具有重要的现实意义。
The futures business institutions shall actively publicize the risk characteristics of the index futures and the obvious operating differences between the index futures and the spot stock market.
期货经营机构要积极宣讲股指期货的风险特征及其与股票现货市场操作的显著差异。
Thus it means China stock market has higher systematic risk comparing with other developed countries. It is necessary to introduce the stock index futures.
因此，中国股票市场有着较高的系统性风险，股指期货的推出显得十分必要。
Stock index futures can bring the non-risk profit for the investor as the new profit pattern which is worth studying.
股指期货套利交易作为一种值得研究的新型盈利模式，能够为投资者带来无风险利润。
Stocks Index Futures is the major tool for the investors' hedging, by putting stock index futures on a fall, to reach the goal of avoiding risk and locking yield.
股指期货是投资者进行套期保值的主要工具，通过做空股指期货，可以达到规避系统性风险和锁定收益的目的。
Since a long time, people have been ignoring the suitable way to avoid financial risk which is stock index futures mentioned above, because our financial market has not been perfect.
股指期货是金融市场中规避系统风险的工具，过去由于我国金融市场还不够成熟，长期以来一直没有被我国引入。
Since a long time, people have been ignoring the suitable way to avoid financial risk which is stock index futures mentioned above, because our financial market has not been perfect.
股指期货是金融市场中规避系统风险的工具，过去由于我国金融市场还不够成熟，长期以来一直没有被我国引入。
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