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●2010年1月8日,证监会相关部门负责人表示,国务院已原则同意推出股指期货和开设融资融券业务试点。此时推出股指期货和融资融券业务,是监管部门引导流动性结构性走向、促进实体经济的健康增长、释放资本市场运行风险的重要手段。●融资融券和股指期货业务的获批意味着做空机制的推出,中国股票市场将从单边市场变成可以做空的双边市场,有利于市场多空力量的平衡。长远来看,有利于增强市场的价值发现职能,市场发展更趋理性,但同时也对监管当局提出了更高的要求。
● January 8, 2010, the person in charge of the relevant department of the CSRC said that the State Council has agreed in principle to introduce pilot stock index futures and the establishment of margin trading business. The introduction of stock index futures and margin trading business at this time is an important means for regulators to guide the structural liquidity trend, promote the healthy growth of the real economy and release the operational risk in the capital market. ● The approval of margin trading and stock index futures business means that the launch of the short-selling mechanism will transform the Chinese stock market from a unilateral market to a short-lived bilateral market, which is in favor of a balance of long and short market forces. In the long run, it will help enhance the value discovery function of the market and make the market more rational. However, it also sets higher demands on the regulatory authorities.