The necessity of developing the stock index futures.
我要开展股指期货交易的必要性。
The stock index futures is an important financial derivative tool.
股指期货是一种重要的金融衍生工具。
The second part is the theoretical foundation of the stock index futures.
第二部分是股指期货的理论基础。
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。
The nature of evading the systematic risks by applying the stock index futures is to...
我国股市的系统性风险比较大，开设股指期货显得日益重要。
In the preface, the stock Index futures is defined as a futures contract based on stock indices.
在引言中，给出股指期货定义是指以股票指数为基础交易物的期货合同。
A lot of emerging markets in countries and areas offer the stock index futures one after another.
许多新兴市场国家与地区纷纷开设股指期货。
The approaches of the stock index futures to evade the systematic risks include hedge and arbitrage.
利用股指期货规避系统性风险的实质是风险转移。
This paper is directed against the stock index futures market volatility spillover effects of study.
本文是针对股指期货市场的波动溢出效应所做的研究。
This paper is mainly directed against the stock index futures market volatility spillover effects of study.
而本文主要是针对股指期货市场的波动溢出效应所做的研究。
The TARCH model shows that the stock index futures have improved the information efficiency of the spot market.
本文通过TARCH模型验证股指期货提高了现货市场的信息效率。
The others and the fourth part proves subject theory to Empirical Study and Hedging Effect on the Stock Index Futures.
第三部分其他和第四部分为股指期货保值率实证研究。
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。
We investigate the intraday interaction between the stock index and the stock index futures through the high frequency data.
旨在应用高频数据分析股指与股指期货日内互动关系。
If the stock index futures is mismanaged, investors may be faced to huge losses, and even disrupt the country's financial order.
一旦对股指期货运用或管理不当，就可能给投资者带来巨大损失，甚至扰乱国家的金融秩序。
The exchange has the right to adjust the settlement price for delivery of the stock index futures according to the conditions of market.
交易所有权根据市场情况对股指期货的交割结算价进行调整。
The article believes that it's time for the stock index futures to be introduced when thinking of the need and feasibility of it in China.
本文从必要性和现实可行性方面分析，认为股票指数期货在我国推出正当其时。
This article is divided into four main parts: the first part is a brief introduction of the stock index futures and stock index futures market;
本文主要分为四个部分：第一部分是对股指期货与股指期货市场的基本信息介绍；
The stock Index Futures is a kind of financial derivative instrument used to offset the systemic risks of stock investment and achieve the arbitrage.
股指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金融衍生工具。
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。
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。
Chi-na financial futures exchange discloses that the stock index futures will promote the time initially to be decided in April of next year in our country.
中国金融期货交易所高层透露，我国股指期货交易的推出时间初步定于明年四月。
This paper recommended the release of small-sized stock index futures contracts to enable the individual investors to participate in the stock index futures trading.
本文尝试着从中小投资者能够参与的角度，建议推出小型股指期货合约。
With the Stock Index Futures market improving, it is more and more clear that the Stock Index Futures is important and indispensable for the developed financial markets.
随着股指期货市场的不断完善和日渐成熟，股指期货的积极功能日趋明显，己经成为发达金融市场不可缺少的重要组成部分。
The stock index futures will have the following positive roles after implementing in our country: Help to avoid the stock market system risks , protect investor's interests;
股指期货在我国推出之后将会有如下积极作用：有利于回避股票市场系统风险，保护投资者利益；
To provide a reference, selecting Hang Seng China Enterprises Index futures in Hong Kong market, the paper studies the impact of the introduction of the stock index futures on the stock market.
为了提供一个借鉴，本文选取中国香港市场的恒生中国企业指数现货与期货为对象，研究股指期货的推出对现货市场的影响。
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。
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。
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