后危机时代我国金融衍生品发展展望

金融衍生品是金融市场发展的重要驱动力,具有分散风险和提高金融机构效率的功能;但当市场监管不力时,其分散风险的功能也可能转变成传递风险的渠道。2008年全球金融危机的发生扩大了金融衍生产品的市场风险,使其在我国的发展面临着严峻的挑战。在论述后危机时代我国应大力发展金融衍生产品的基础上,分析了我国金融衍生品的发展趋势,并结合我国金融衍生品市场发展实际提出相应建议。

A Prospect of the Development of China’s Derivatives in the Post-crisis Era

As a main impetus for the development of the financial market,derivatives are able to divert risk and streamline financial institutions.However,when market supervision is inadequate,their risk-diverting may be turned into risk dissemination.The global financial crisis has increased the market risk of the derivatives,whose development has been confronted with serious challenge.Based on the argument that China should make great efforts to develop derivatives in the post-crisis era,the present paper analyzes the trend of Chinese derivatives and makes corresponding suggestions in connection with the practice of China’ derivatives market.