Dissertation
Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial market

The Analysis of Exchange Qualification of Derivational Methods of Financial Options in China

Author SunJianPing
Tutor YaoFei
School Beijing University of Chemical Technology
Course Management
Keywords Financial derivative products Financial Options Options derivatives Industry Life Cycle Risk Management
CLC F832.51
Type Master's thesis
Year 2006
Downloads 252
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China's accession to the WTO , China's enterprises in the process of international operations , and feel more and more the lack of hedging tools to circumvent interest rate and exchange rate risks arising in the process of financing and investment . Domestic theorists more reason for the failure of the pilot have appeared in the history of our country 's foreign exchange futures , stock index futures and Treasury futures trading attributed to derivative products out of line with the development of the spot market , financial markets lose hedging functions , the rigid administrative supervision leading to speculation prevalent reasons ...... ten flies , China 's financial market environment has greatly improved, can not explore the development of China 's financial derivatives market stagnation and abandoned because of the failure of a decade ago . In this paper, drawn by comparing and analyzing financial transactions pilot decade ago failed core problem is that the design of financial derivative products unreasonable and inappropriate development path . By comparing the major financial derivative varieties found that option and its derivatives do not have the advantage of high flexibility , low risk , moderate income other financial derivative products , so this article is that our country should vigorously carry out the options and their derivatives trading ; through research and analysis , and to use the method of mathematical statistics , randomly selected sample shares of listed companies in China , come to the Black-Scholes option pricing model able to meet their application conditions in our markets , which China already has development options trading external conditions ; Finally, the application of the financial industry life cycle theory model of the options product development path , summarized and analyzed the various stages in the development of financial markets should be taken options products , come to China's financial industry by the introduction of the period of transition to a growth stage , suitable for development of commodity options first follow a gradual transition to the progressive development road rights - based replacement type options .

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