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自从1982年美国堪萨斯期货交易所(KCBT)推出价值线指数期货以来,股指期货已经有近26年的历史。亚洲地区近年也陆续推出一系列股指期货产品,中国内地的首只股指期货——沪深300指数期货预计将在近期登陆市场。为了帮助中小投资者判断行将推出的沪深300指数期货对中国股市的影响,我们特地关注了东亚地区5个股指期货推出时相应股市的变动情况,因为他们的市场结构与中国内地股市较为接近。
Stock index futures have been nearly 26 years old since the Kansas City Board of Shipping (KCBT) launched the Value Line Index futures in 1982. In recent years, a series of stock index futures products have also been launched in Asia. The first stock index futures in mainland China, the CSI 300 Index futures, are expected to land in the near future. In order to help small and medium-sized investors to determine the impact of the coming CSI 300 index futures on the Chinese stock market, we are particularly concerned about the changes in the corresponding stock markets when the five index futures in East Asia are launched because their market structure is relatively close to the mainland stock market.