Category: Money Tips Date: 2006-09-11
China's first financial futures products - Shanghai and Shenzhen 300 stock index futures are expected to launch before the end of the year. So, investors how to correctly understand and grasp the strategic future of stock index futures market situation? Yi Chuan investment through detailed study on the future of stock index futures market analysis and diagnosis of the situation as follows:
First, the stock index futures and stock investment analysis approach is different. We know that stock prices are divided into technical analysis to determine methods and fundamental analysis, these two methods have advantages and disadvantages, so in practice we need to combine the two to use. Technical analysis of stock index futures for the future is still applicable, but the fundamental analysis is somewhat limited. Among the fundamental analysis of stock index futures, but also take into account factors such as the international market. Overall, from stocks to stock index futures, need to change not only the investment philosophy, as well as ways of thinking.
Second, the stock index futures will be more integration into the global market. With the 2007 opening of capital markets, QFII foreign institutions such as the depth of involvement of the emerging stock index futures market in China will rise to the international community's special attention. On China's external dependence on such a high degree of openness of the growing countries, this effect will be more apparent. Therefore, the analysis of stock trends, in addition to the domestic economy, we must also focus on the overall situation of the world economy.
Third, the agency will become the stock index futures market, the mainstream game. We believe that the introduction of stock index futures after the social security funds, insurance funds, QFII and so would increase the proportion of the stock market intervention and intensity of various investment funds will also be a situation of sustained expansion. By then, the proportion of stock index futures composition of the participants will further break up, individual investors, the funds will further reduce the proportion of institutional investors will become the mainstream game.
Fourth, the stock index futures volatility greater need for professional risk control systems. As the use of margin stock index futures trading, daily settlement, its volatility in terms of higher risks than stocks of many. Faced with high profits and greater volatility and how effective risk control? This made investors risk-control capability of the high requirements. For this problem, Masukawa After years of theoretical and actual investment in research, developed a very forward-looking in nature and the actual trading system model, the model can deal from the system point of view to provide investors with reliable reference data for stock index futures, which to achieve effective control of systemic risk purposes.
Fifth, the stock index futures higher quality requirements for practitioners. Compared to stock trading, the stock index futures-related professionals, the basic quality requirements will be higher.
Sixth, investment in stock index futures, "financial expert" had become the trend. The introduction of stock index futures secondary market trading pattern will undergo a major change in market institutions would exacerbate game features. At the same time, as the market matures, will be the birth of a group in order to be able to get a stable profit for the appeal body will be entrusted to experts, financial investors, the preferred method of finance, retail will eventually dissipate. Along with the gradual recognition of the private equity funds and policies of liberalization, private equity fund accounts financial program also will become the mainstream of stock index futures market.
