以金融衍生品为代表虚拟经济经常被看作是实体经济出现问题的始作俑者,或者是政策失误的替罪羊。本文通过分析金融衍生品对资本市场的影响,及其与实体经济的联系,认为金融衍生品是建设有风险管理的资本市场的基石,并且能有效促进实体经济增长、创新和转型。 Representing financial derivatives as a virtual economy is often seen as the initiator of problems in the real economy or as a scapegoat for policy mistakes. By analyzing the impact of financial derivatives on the capital market and its connection with the real economy, this paper argues that financial derivatives are the cornerstone of building a capital market with risk management and can effectively promote the real economy growth, innovation and transformation.