There Is A Sense Of Urgency In The Expansion Of The Index. The New Contract Is Favorable To The Market.

Increasing the new stock index futures, allowing those important indexes to have futures contracts corresponding to them, and greatly improving the coverage of the futures products to the spot, thus fundamentally avoiding the problem that the stock index futures can not play a role because of the more prominent structural market.

Just imagine, in the big market that broke out at the end of last year, the stock that really rises substantially is not much actually, have apparent "28" characteristic.

The CSI 300 index is very strong, while the CSI 500 index is relatively dull, and the gem index has not even gone up or down.

If at that time, we were not only CSI 300 stock index futures, but also the 500 index futures contracts of the CSI, then it would be possible to hedge the risk with the help of this variety to investors who set up a "wide coverage" portfolio based on value investing ideas, so as to avoid the embarrassment of full warehouse clearance.

And if there were still

Index futures, then investors holding GEM stocks can also lock risk by shorting.

Further, the market structure has seen new changes this year. Large blue chips have been stagflated, and small and medium sized boards and gem have risen significantly. At this time, the Shanghai and Shenzhen 300 index is not only weak in portrayed the market trend, but also difficult to provide risk hedging for investors in pursuit of market hot spots.

If we have seen that stock index futures are playing a more and more important role in value discovery and risk control over the past time, it is regrettable that the function of this index has been weakened.

All these phenomena tell us that it is time to expand the stock index futures. This is a job that needs to be done in a hurry.

In a relatively perfect stock market, stock spot and stock index futures are two indispensable varieties. Their linkage maintains the smooth operation of the market and improves the efficiency of the paction.

Of course, stock spot trading is still the foundation, stock index futures are derivatives, so stock index futures are from product arrangement to rules.

All should meet the needs of stock's stock as far as possible.

In the situation that the domestic securities market has shown the characteristics of diversified development, and the structural market has become the main operation pattern of the market, if the stock index futures products are too single, it is obviously unable to meet the needs.

Admittedly, the increase index.

It will bring some risks, especially for those whose volatility is relatively large and the liquidity is relatively limited.

But after the intense fluctuation of the Shanghai and Shenzhen 300 index at the end of last year, the practice shows that the risk control in the current stock index futures trading is still in place.

Therefore, the futures contracts of some mature indexes such as SSE 50 and CSI 500 index should be fully practicable.

Moreover, it is necessary to study the futures products such as small and medium board and gem index, so as to further enrich the product line, better adapt to the needs of investors, and provide a more solid and reliable foundation guarantee for the healthy development of the securities market.

It is understood that the parties concerned have been concerned about this issue. The expansion of stock index futures also has a preliminary plan. We believe that we must have a sense of urgency in doing this job. The sooner the new contract is launched, the more beneficial it will be for the market.