<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Opinion

          Index futures not for faint-hearted

          (Shanghai Daily)
          Updated: 2010-04-07 10:58
          Large Medium Small

          Chinese stock market punters are no doubt overjoyed to see index futures and other derivative products added to their box of investment tools, but riskier avenues heighten the perils of losing money as well as making it.

          China will launch stock index futures on April 16, two weeks after the Shanghai and Shenzhen exchanges initiated pilot projects for margin trading and short selling for a handful of brokerages. The introduction of derivative products is part of the nation's measured reforms aimed at creating modern, multi-tiered markets similar to those overseas.

          It seems natural for investors to want to pile more of their funds into stocks, after equity exchanges surged 80 percent last year and while deposit rates at banks trail inflation.

          But with more new products on offer, the stock market becomes a more complicated playground for mom and pop investors anxious to get better rates of return on their money. It's not a game for the faint-hearted.

          Index futures are cash-settled contracts to buy or sell an index at a preset value on an agreed date. In other words, you can bet on the direction of equity indexes. If you think they will rise, you buy contracts. If you think they will fall, you sell contracts. Index futures are often used as hedging tools, allowing an investor to cover potential losses.

          It works like this. If you have a portfolio of shares and you are worried that their value will drop in coming months, you take out an index futures contract betting that the index will drop. If it does, the money you gain by having bet correctly offsets the lower value of underlying shares. It's a cheaper insurance policy than selling a whole portfolio of shares, given brokerage fees.

          Related readings:
          Index futures not for faint-hearted Index futures contracts on the way
          Index futures not for faint-hearted Stock index futures to start trading on April 16
          Index futures not for faint-hearted Banks barred from index futures investment
          Index futures not for faint-hearted China to test index futures system

          It all sounds so simple and foolproof, but those who think derivatives trading is a piece of cake had better think twice. After all, it was sophisticated derivative products that traders didn't fully understand that triggered the global financial meltdown.

          More than 80 percent of investors who participated in a virtual program trading stock index futures ended up losing money, according to Chinese media reports.

          "I don't think this is something that ordinary domestic stock investors should play with," said Zhu Yuchen, general manager of China Financial Futures Exchange, where the stock index futures will be traded. "This is purely for professional investors, and that's why some restrictions are needed."

          Indeed, individual investors will be required to have a minimum of 500,000 yuan ($73,250) to open a derivatives-trading account. They will also have to participate in mock trading lessons for at least 10 sessions.

          The minimum trading account requirement is well beyond the means of many retail investors, especially with banks under government orders to rein in lending.

             Previous Page 1 2 Next Page  

          主站蜘蛛池模板: 国产福利社区一区二区 | 99国产精品自在自在久久| 激情亚洲专区一区二区三区 | 国产精品亚洲аv无码播放| 韩国无码AV片在线观看网站| 处破痛哭a√18成年片免费| 免费无码AV一区二区波多野结衣| 国产做无码视频在线观看| 92自拍偷拍精品视频| 亚洲国产美女精品久久久 | 无码人妻一区二区三区免费N鬼沢| 东京热av无码电影一区二区| 日本一道一区二区视频| 国产偷国产偷高清精品| 成人乱码一区二区三区四区 | 国产午夜福利高清在线观看| 国产AV大陆精品一区二区三区| 久久精品国产亚洲av高| 国产99视频精品免费观看9| 无码精品一区二区免费AV| 人妻中文字幕精品一页| 国产激情电影综合在线看| 国产精品不卡区一区二| 国产精品国色综合久久| 亚洲一区二区精品另类| 东京热一精品无码av| 色av专区无码影音先锋| 伊人久久大香线蕉综合影院| 国产免费久久精品44| 国产成人精品免费视频app软件| 狠狠色狠狠综合久久| 特级毛片在线大全免费播放| 国产精品亚洲一区二区三区在线观看| 中文字幕日韩有码一区| 亚洲天堂免费av在线观看| 九九热在线观看视频精品| 国产精品区在线和狗狗| 亚洲中文字幕精品无人区| 国产在线小视频| 蜜臀av日韩精品一区二区| 亚洲欧洲自拍拍偷综合|