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中国股指期货对股市的影响

发布时间:2021-08-04 13:30:39

A. 股指期货的推出对股市会有什么影响

股指期货的推出是为了使中国股市更加健康。QFII也可以投资股指期货,说明股指期货的市场是一个开放性的市场,可以让全世界的机构来参与,那么也就是说,这才是一个多与空的真实较量,并不是哪一个机构可以轻易掌控,中国不是有句古话:天外有天,人外有人。你是机构,机构外面还有机构呢?对于股票的二级市场来说,股票市场的运行会更加合理,股指太高了,就做空,股指太低了,就做多,这岂不是让股市更加健康吗?只要公司的业绩好,股票就一定会涨。那么股指推出之后,各位股民更要学会价值投资,而不炒什么短线了。当然参与股指期货市场的股民,依然要关注股指期货市场,因为他毕竟还是会影响到股票二级市场的。游戏规则改变了,股民也要学着跟时势改变才行啊!

B. 股指期货为什么会影响股市,怎么影响

第一、股指期货推出后,指数会出现短暂调整。由于我国宏观经济依然向好,经济复苏符合预期(虽然存在资产泡沫),而且企业盈利能力依然强劲,在此情况下,指数大体会按宏观经济的波动向上运行,并且在股指期货推出后中期可能会加速沪深300指数的上涨,同时使大盘蓝筹股的抗风险能力加强,但是一些非成分股可能被边缘化。
当然,如果出现突发性事件和宏观基本面发生变化,例如,遭遇2008年的全球金融危机等一些突发事,股指期货推出后则会加速其下跌趋势。

第二、股指期货推出后,在中期有可能出现“交易转移”现象。所谓“交易转移”,就是在开设初期,股指期货在提升现货市场交易量的同时,其成本低、流动性高的优势有可能导致投机者和高风险性投资的部分交易从股票现货市场转移到期货市场,甚至出现超过现货市场交易量、进而减少现货市场流动性的情况,这就是所谓的“交易转移”。因为,股指期货交易相对于现货交易而言有交易成本低、流动性高的显著优势,并且,由于使用程序交易,股指期货交易指令执行速度大大快于现货交易。

第三、股票现货市场可能出现结构转换。由于大盘蓝筹尤其是沪深300指数的股票基本上是股指期货的标的物,因此,在股指期货推出后,这些股票会逐步走强,而目前炒作疯狂的创业板和中小板股票,由于前期连续暴涨,那么在接下来的结构转换中,可能成为暴跌的股票,或者说可能出现中期调整。

C. 股指期货,对股市的影响!

个人认为一个中性 偏空的事情
中性股指期货无所谓 可以做空做多 貌似是平抑了指数的 大涨大跌 其实不然据个人观察 其他品总的 期货合约走势 很多都有涨过头 跌过头的情况。

偏空:个人觉得 股市完全就是资金推动的。目前市场且不论新股上市不断对二级市场的抽血,突然出来一个股指期货这种 有钱人的游戏 对于市场的资金可能造成不必要的短缺。一般做期货 时 仓位都很低 可能股指期货的 合约保证金是1个亿,但是他的可用资金可能还有3个亿 所以 短期对市场是绝对的空 长期来说可能会吸引更多的大资金来股市护盘。。未来就补知道喽

D. 股指期货对股票的影响是哪些

股指期货原是为规避股市风险设计出来的,能反映出投资者对股市的预期,所以说有价格发现功能。而他的标的物又是股指,所以股指期货的走势和股指的走势基本一致。

E. 股指期货对股市的影响有哪些

股指期货会因套利、套期保值及其他投资策略的大量需求而增加对股票交易的需求,从而增加股票市场的流动性。股指期将改变以前单边市的格局,投资主体和投资模式多元化。
股指期货会在牛市助涨,熊市助跌,具有高杠杆低成本的特点,牛市中,投资者买入股指期货,套利者将卖出期货,买入股票,因而,推动股指加速上涨;而在熊市中,投资者看空后市,将大量卖出股指期货,套利者将买入股指期货,卖出现货,因而,推动现货指数加速下跌。但是,股指期货的推出只能说放大了股市的涨跌,并不决定涨跌。

F. 股指期货的涨跌对股市有什么影响

股指期货是对未来股指走势的预测,一般越临近期限,股指期货的价格越接近现货价格。股市都是炒预期。同时在临近交割时,如果在期货市场上不能交割,就需要购买股票交割,就必然影响股市涨跌。当股指期货和现货存在价差时,也会引发套利资金进入,股指期货的涨跌必然就会直接影响股市涨跌。

G. 股指期货对股市的影响

股指期货一出来,股票不一定大跌,这只是舆论的说法.因为股指期货可以用来做空,按现中国证券市场还不成熟的现况,做空机制还不是很成熟.在舆论都看空的时候,主力往往会做多,估计期货推出后一到两个月股市仍然会上涨,之后做空下跌的几率就较大了.

H. 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.

I. 股指期货对股市有什么影响

一般股市只能上涨,大家才能赚钱。
股指期货却可以下跌赚钱,机构客户就可以使用这个工具,于是就会加速大盘下跌。
像A股的期货是2010年4月推出的,5月大盘下跌就很严重。

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