我国的股指期货对沪深两市的影响
A. 股指期货对我国股市的影响
您好,这个问题从两个方面各您说,第一,股指期货的作用,也是初衷是对股票市场起到价格发现 以及引导的作用,可以说股指期货的价格预示着股指的走势。
第二,但是在投机市场的股指期货,参杂了各个方面的预测,所以股指很有可能成为一个投机品种,而失去了对股指的影响。
所以得出结论,股指期货影响股指的可能性有,但不会是绝对的。
B. 我国沪深300股指期货产生的背景及其将对我国股票现货市场带来的影响
中国的股市不可以做空,所以炒股的人,无论是庄家还是散户都没有一种规避股市风险的方法,所以才有推出股指期货的要求,主要是给炒股的人一个规避风险的平台。
股指期货的推出会稳定我国的股票市场,以后股市不会出现长熊或者长牛的时候了,因为一旦股市表现的不好,股指期货会进行调节的。
C. 股指期货对我国证券市场的影响
股指期货是一种比较成熟的金融工具,就好比大宗商品期货一样,为的是让投资者都能比较直观的看到市场对未来股指的运行方向,有了股指期货投资人就不必过度担心隔夜信息差导致股指大幅高开、低开所带来的短期风险,同时起到一个调节运行节奏的作用,有股指期货,大盘股指就不会轻易的大幅波动,导致资本市场的剧烈震荡,中央加速出台股指期货根本目的是为了保护中小投资者的投资信心,打击市场中头投机力量,鼓励投资者购买业绩优良,成长性良好的公司股票,避免出现07到08年那种整个市场的大幅波动,导致千千万万的股民被套,稳定了中小股民的投资信心,资本市场才能良好的发展,毕竟,资本市场的根本是上市公司的融资和分红,祝您投资顺利1
D. 股指期货对中国股市的影响
股指期货的四方面影响
股指期货对中国股市有四影响 不改市场长期趋势
随着我国经济的持续稳定发展以及市场化改革的不断推进,金融衍生产品的推出成为当务之急。股指期货作为一个投资品种和风险管理工具,本身是中性的,它的推出不会改变市场的长期趋势,虽然在其推出后短期内可能会对股市形成一定的扰动,但主要仍将受市场总体态势及内在估值的影响,而且估值因素的影响更为重要。
当然,由于股指期货具有金融衍生产品的特性,它的推出必然会对我国股票现货市场产生重要而深远的影响,主要有以下几个方面:
影响一,证券投资思维方式的变革。股指期货提供了风险管理工具,有助于投资者真正构建投资组合,降低系统性风险。另外,股指期货引入了做空机制,影响市场走势的因素比以前就更多了,投资者的投资思维和投资策略也必须适时转变,改单向思维为双向思维。股指期货推出后,一方面,市场估值更趋合理,股价不太可能再大幅超出其内在价值,否则,与基本面严重脱节的股票就会产生很多套利机会;另一方面,只要趋势判断准确,做空也能获利,即在熊市中亦可赚钱。
影响二,可以吸引增量资金进场,扩大股票市场规模,增强市场流动性。股指期货推出后,由于部分投资者需要对资产组合进行重新配置,故短期内可能会分流股票现货市场的资金,影响股票市场交易量。但从中长期来看,股指期货的推出使得股票交易机制更加完善,同时多了一种风险管理工具,将会吸引更多的稳健型资金参与股票投资。另外,利用股票现货和股指期货套利是一种风险较低的交易模式,能够吸引许多套利资金入市。因此,股指期货能够为市场带来大量新增资金,提高股票现货市场的活跃程度,推动股票现货和股指期货的交易量双向增长。美国、香港等市场的经验也验证了这一点,芝加哥商业交易所1982年推出S&P500股票指数后,股票现货和股指期货的交易量大幅提高;香港1986年推出恒生股指期货后,股票交易量当年就上升了60%,此后股票交易量不断增加。
影响三,有助于优化投资者结构。目前我国证券市场参与者仍以中小投资者为主,机构投资者的规模只占30%左右,由于各种原因,中小投资者大多以投机心态参与股市,显然不利于证券市场的长期健康发展。股指期货推出后,除了会增强市场的流动性和稳定性之外,也将提高证券市场的发展程度和层次,各种套期保值和套利行为将趋于活跃,中小投资者难以参与,这有利于改善我国证券市场的投资主体结构,大大加速机构化进程,使机构博弈成为市场投资的主流,我国也将像其它发达国家一样进入机构投资者主导的时代。
影响四,将提升大盘蓝筹股的投资价值。大盘蓝筹股具有股本巨大、业绩优良、派息率高、流动性强等优势,容易受到主流资金的青睐。股指期货推出后,机构投资者手中必须拥有充足的大盘蓝筹股筹码,才能具备调控股指的话语权。我国A股股指期货已选定以沪深300指数为标的,因此,以沪深300指数成分股为代表的大盘蓝筹价值股将成为今后投资者最为关注的焦点,它们将是机构投资者不可或缺的核心配置资产。此外,机构投资者进行套期保值也需要配置许多大盘蓝筹股,并作为基础仓位战略性持有。尤其在股指期货正式推出前还会有抢筹效应,大盘蓝筹股将显现稀缺性溢价。今后投资者应积极关注沪深300指数的成分股,特别是主要成分股。
下面是大概翻译成英文,你还要自己修正一下:
The stock index stock's square face makes a sound the stock index stock to have four influences to the Chinese Stock market not to change market long-term trend to continue the steady progression as well as the marketability reform unceasing advancement along with our country economy, the finance derivative proct promotes into the urgent matter. The stock index stock takes an investment variety and the risk management tool, is in itself neutral, it will promote will not change the market the long-term trend, although after it will promote in the short-term to the stock market will possibly form certain perturbation, but mainly still will receive the market overall situation and the intrinsic estimate value influence, moreover the estimate value factor's will influence be more important. is natural, because the stock index stock has the finance derivative proct characteristic, it will promote definitely will have important and the profound influence to our country stock stock market, mainly will have the following several aspects: affects one, securities investment thinking mode transformation. The stock index stock has provided the risk management tool, is helpful constructs the investment profolio truly in the investor, reces the systematic risk. Moreover, the stock index stock introced has made the spatial mechanism, affected the market trend the factor before have been more than, investor's investment thought and the investment strategy must at the right moment transform, change the unidirectional thought are the bidirectional thoughts. After the stock index stock promotes, on the one hand, the market estimate value hastens reasonably, the stock price not too possible to surpass its intrinsic value largely again, otherwise, the stock which will come apart seriously with the fundamental plane will have many arbitrage opportunities; On the other hand, so long as the tendency judgment is accurate, does spatially can also make a profit, namely may also make money in the bear market. affects two, may attract the increase fund approach, the expansion Stock market scale, strengthens the market fluidity. After the stock index stock promotes, because the partial investors need to carry on to the asset portfolio redeploy, therefore in the short-term will possibly diverge stock stock market the fund, will affect the Stock market business volume. But looking from the medium and long-term, the stock index stock promotes causes the stock transaction mechanism to be more perfect, simultaneously have been many one kind of risk management tool, will attract the more steady fund participation stock investment. Moreover, the use stock on-hand merchandise and the stock index stock arbitrage is one kind of risk low transaction pattern, can attract many arbitrage fund entering the market. Therefore, the stock index stock can bring the massive additional fund for the market, enhances the stock stock market the active degree, impels the stock on-hand merchandise and the stock index stock business volume bidirectional growth. Market and so on US, Hong Kong experiences have also confirmed this point, after Chicago commercial exchange in 1982 promoted the S&P500 stock index, the stock on-hand merchandise and the stock index stock's business volume largely enhances; After Hong Kong in 1986 promoted the Hengsheng stock index stock, the stock business volume rose 60% in the past, hereafter the stock business volume increased unceasingly. affects three, is helpful in optimizes the investor structure. At present our country stock market participant still by the young investor primarily, institutional investor's scale only accounted for about 30%, as a result of each kind of reason, the young investor mostly by the congenial point of view participation stock market, does not favor the stock market obviously the long-term healthy development. After the stock index stock promotes, besides will strengthen the market the fluidity and the stability, also will enhance the stock market the degree of development and the level, each kind of hedge and the arbitrage behavior will tend to be active, the young investor will participation with difficulty, this will be advantageous in improves our country stock market the subject of investment structure, will accelerate the organization advancement greatly, will cause the organization to gamble into the market investment the mainstream, our country will also look like other developed countries to enter equally the time which the institutional investor will lead. affects four, will promote the bulk lots blue chip stock the value of each contribution. The bulk lots blue chip stock has the capital stock to be huge, the achievement is fine, distributing dividends rate high, fluidity strong and so on superiority, easy to receive the mainstream fund the favor. After the stock index stock promotes, in the institutional investor hand must have the sufficient bulk lots blue chip stock chip, can have the regulative stock index words power. Our country A stock index stock has designated take the Shanghai and Shenzhen 300 indices as the sign, therefore, will become take the Shanghai and Shenzhen 300 indices distributes stock shares plans the value stock as representative's bulk lots to become the focal point which blue the investor most will pay from now on attention, they will be institutional investor's indispensable core disposition properties. In addition, the institutional investor carries on the hedge also to need to dispose many bulk lots blue chip stock, and the underlie shipping space strategic has. Especially before the stock index stock will promote officially will also have snatches plans the effect, the bulk lots blue chip stock will appear the scarcity premium. From now on the investor should pay attention to the Shanghai and Shenzhen 300 indices to become positively distributes stock shares, specially mainly becomes distributes stock shares.
E. 股指期货对股市有何影响
1、股指期货成为股市的风向标
由于股指期货的开盘时间要大大早于股市,因此也成为股市的风向标,股民会根据股指期货市场的表现来衡量今日的股市状况。
2、股指期货可以让资金出现交易转移
当股市表现不佳时,资金会从股市流出,流入股指期货市场,当股指期货表现不佳时,资金会从股指市场流出,流入股市。同时大型投资机构也会利用股指期货市场来做空股市。因此资金会出现频繁的交易转移。
3、股指期货可以影响股市价格
如果恒指期货表现优异,那么恒生市场的交易量就会活跃。同理,如果沪深300指数表现优异,那么国内股市也会表现红火。因此,股指期货可以影响股市的价位
F. 求一股票期货的问题!(沪深300股指期货的推出将对我国股市产生怎样的影响)
股指期货的推出短期可能会影响股票市场交易量,现有投资者可能需要调出部分资金对资产组合进行重新配置,从而减少对现货市场的直接投资,对于现货市场的流动性有一定的负面影响。但在股指期货推出的初期,由于交易量的规模相对有限,主力机构大规模分流的现象不会出现,不会对现货市场运行构成较大影响。
从中长期看,股指期货将会对场外资金形成吸引效应,使股票市场和期货市场交易量均显著增长。由于股指期货的推出使股票市场获得了一种风险管理的工具,原先风险厌恶型投资者将会提高在股市的投资比例。同时套利和套期保值等新机制的产生,将提高现货市场的活跃程度。海外市场的经验也表明了这一点,香港1986 年推出恒生股指期货后,股票交易量在当年就增长了60%,随后股票交易量不断增加。
大量的实证研究结果表明,股指期货合约价格与股票价格指数是共涨共跌的同向变动关系。而且,股指期货价格比股票价格指数更易变动。也就是说,当股票行情看跌时,股指期货价格比其相应的标的指数下跌得更快;当股票行情看涨时,股指期货价格比其相应的标的指数上涨得更快。
G. 股指期货对股票市场有什么影响呢
在中国,股指期货是沪深300指数的远期合约,可以对沪深300指数有一个未来的预测,说明未来是涨还是跌。单就股指期货来讲,他会在交割日时强行平仓的。 另外,股指期货通常是对股市的股票的一个套利保值的,他和股票是不一样的。一个是T+0交易,一个是T+1交易。 股指期货可以双向操作。做多或空;而股票则只能单项做多。 股票只有在判断好了趋势后就进场。如果趋势错误,那就被套。 股指期货则不然,可以进行双向进场。如果你股票趋势判断错误,可以在股指期货中反向操作,以便保值。 至于,股指期货对股市有影响,应该没有。 还是看宏观经济和市场状况,加之投资者的心态了。
记得采纳啊
H. 股指期货对沪深股市有什么影响
股指期货对沪深股市有资金分流的影响,有方向性引领的影响。
I. 股指和股指期货是如何相互影响的
股指就是股指期货.股指期货包括:沪深300指数,上证50指数和中证500指数这三大指数
首先:你应该是问股票和股指期货相互影响吧.股指期货一般来说是领先大盘指数的,特别是沪深300指数,和大盘指数的相关性很强,它是由A股的300只权重股加权组成,是一篮子股票的组合.
其次:中证500指数代表了中小盘股票指数,与中小的股票的相关性很强.
再次:总的来说股指期货大体是领先大盘,不管是涨还是跌.
J. 沪深300股指期货的推出将对我国的股市产生怎样的影响
(1) 以沪深300指数为标的的合约能在未来我国股指期货产品系列中起到旗舰作用,具有占据市场主导地位的潜力。沪深300指数是由沪深两证券交易所共同出资成立的中证指数有限公司编制与维护,成份股包括了300种股票。该指数借鉴了国际市场成熟编制理念,采用调整股本加权、分级靠档、样本调整缓冲区等先进技术。发布以来,该指数与上证综指的相关性在97%以上,具有较好的市场代表性。中金所首个股指期货合约以沪深300指数为交易标的,能在未来我国股指期货产品系列中起到旗舰作用,具有占据市场主导地位的潜力。在沪深300指数期货产品上市后,根据市场需求情况,交易所再逐步推出分市场、分行业的指数期货产品,形成满足不同层次的投资者需求的指数期货产品系列。
(2)沪深300指数市场覆盖率高,主要成份股权重比较分散,能有效防止市场可能出现的指数操纵行为。据统计,截止2006年8月底,沪深300指数的总市值覆盖率约为70%,流通市值覆盖率约为59%。前10大成份股累计权重约为19%,前20大成份股累计权重约为28%。高市场覆盖率与成份股权重分散的特点决定了该指数有比较好的抗操纵性。
(3)沪深300指数成份股行业分布相对均衡,抗行业周期性波动较强,以此为标的的指数期货有较好的套期保值效果,可以满足投资者的风险管理需求。沪深300指数成份股涵盖能源、原材料、工业、金融等多个行业,各行业公司流通市值覆盖率相对均衡。这种特点使该指数能够抵抗行业的周期性波动,并且有较好的套期保值效果。