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股指期货可以有效地规避系统性风险 ,其基本原理是股价指数组合与股指期货合约的变动率呈正相关 ,只要在现货市场和期货市场进行相反的操作 ,就可以控制风险水平。股指期货规避系统性风险的方法包括套期保值 ,套利。利用股指期货规避系统性风险的实质是风险转移。我国股市的系统性风险比较大 ,开设股指期货显得日益重要。
Stock index futures can effectively avoid systematic risk. The basic principle is that stock price index combination is positively correlated with the rate of change of stock index futures contracts. As long as the opposite operation is carried out in the spot market and the futures market, the risk level can be controlled. Stock index futures to avoid systemic risk methods include hedging, arbitrage. The use of stock index futures to evade the systemic risk is the essence of risk transfer. The systematic risk in China’s stock market is relatively large. Stock index futures are increasingly important.