Stock index futures markets to post significant impact on the city of Hit News _ _ _ Sina Sina Financial Network
Posted on Sep-30-2007· by china investor
Pang Shun is
Stock index futures has to stop but go ahead
Recent efforts to control the management of the control of the rhythm of running index, it can be said "neither consecutive skyrocketing, not continuous fall" in the last week of holidays, which are very well reflected. This index to a new high, then the management of the Mid-Autumn Festival day in the week, the bank listed options, Shenhua choice subscription, first published in the choice of oil through the A shares, through the operation of three giant, which has been controlling the index, with efforts to increase regulation of new shares index smooth running deep refers weeks Exploration to four again>After a long holiday expectations
Recent evidence from the September 10th miner after the first operation was performed>Overall, the short term after a long holiday to consider two factors,>At the beginning of 2006 the entire bull market since the last holiday before the date of a transaction's season, and then climbed up after the long holiday, the Spring Festival in 2007 just before the last trading day of high harvest index%, the first trading after the Spring Festival, February 26 at-oscillation index, 2 27 indexes sharply fierce backhand oscillation. So this week rose to five the market right after the holidays, a day have more expectations for stronger if after a long holiday, will be made>Before and after the launch period that the opposite trend
Management from the remarks Friday, stock index futures is to stop but go ahead, we will have to see what time management announced. We have more than>United States: in February 1982, the S & P 500 index futures market in Chicago Mercantile Exchange, the S & P 500 index rose 115.38 points to 120.4 points, launch stock index futures, index fell to 108.61>Hong Kong: May 1986, the Hang Seng index futures market, the Hang Seng index hit a historic high of 1865.6 points, then began a two-month correction;
Japan: in September 1986, launched by the Singapore Monetary Exchange, the Nikkei 225 index futures, August 20, 1986, the Nikkei 225 index hit a new high of 18,936 points, more than a month after the launch index, the Nikkei 225 index dropped to 15,820 from 18,695, or 15.38 %.
Therefore, usually, before the stock index futures market index will rise and stock index futures will fall after the listing, but the long-term trend of the stock market will not change.
Leading industry is still focused>The basic price of the stock index futures for the Shanghai and Shenzhen 300 Index, both from preparing for index futures, or prepare hot market, can not avoid pre-performance substantially by the industry leader, these pre-released by the leading industry in Shanghai and Shenzhen basically precisely 300 of them, even if some new listings leading industry stocks have not yet entered the Shanghai and Shenzhen 300, but in the formal launch of stock index futures, almost all the super carrier basically will be returned and was elected to the Shanghai and Shenzhen 300. Therefore, the launch of stock index futures, many stocks will gradually being marginalized, and those leading stocks, particularly when the rapid growth of industries in the lead, is a decisive key stock index futures is the goal we are after.
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SFC assistant to the chairman Jiang Yang: stock index futures basically completed preparations
An assistant to the chairman of China Securities Regulatory Commission Jiang Yang recently said that at present, the stock index futures all the preparatory work has made steady progress, systems and technical preparations have basically completed. The next step, we should continue to conduct investor education, while inspection and supervision and futures companies and intermediary institutions, to technology, systems and personnel aspects of the preparatory work to ensure a smooth introduction of stock index futures. To further make preparations for index futures, the futures regulatory cadre complete control of the stock index futures trading rules, to launch stock index futures after the first line supervision, the China Securities Regulatory Commission>China Securities Regulatory Commission, the agencies futures margin Monitoring Center, Futures Industry Association participated in a total of 90 people.
Jiang Yang in training, stressed the need to further strengthen the supervision of the futures market, and implement the basic system, deepen the investor education, stock index futures for a smooth rollout. He said that the introduction of stock index futures and the futures market is the capital market development in a major event, will capital markets and the development of futures markets have a far-reaching impact.
The general manager of China's financial futures exchange CEO introduced the basic situation of the preparatory work, experts Exchange index futures contract, trading rules and the trading rules, and regulatory cooperation and a comprehensive>????
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