权证是指标的证券发行人或其以外的第三人发行的,约定持有人在规定期间内或特定到期日,有权按约定价格向发行人购买或出售标的证券,或以现金结算方式收取结算差价的有价证券。在成熟证券市场中,权证产品已经成为除股票、企业债之外的第三大证券交易品种。但在国内市场上,权证作为股权分置改革的产物,由于发行 Where a warrant is issued by an issuer of an index or a third party other than it, the agreed holder has the right to purchase or sell the underlying securities to the issuer at the agreed price within a prescribed period or on a specific maturity date, or by cash settlement Settlement of the difference between the receipt of securities. In the mature securities market, warrants products have become the third largest stock exchange besides stocks and corporate bonds. However, in the domestic market, warrants as a result of the split share structure reform, due to the issue