中国期货市场近几年迅速发展,它为广大证券投资者提供了一个新的机遇。然而期货时代的到来,尤其是金融期货在中国的发展也同时为中国广大投资者带来了新的课题,即商品期货和金融期货的风险问题。本文主要介绍了商品期货和金融期货的区别,并用计量模型就此问题做了定性与定量的分析,风险衡量主要使用方差和β系数两大指标分别衡量金融期货和商品期货的整体风险和系统风险。 The rapid development of the Chinese futures market in recent years has provided a new opportunity for the vast number of securities investors. However, the advent of the futures era, especially the development of financial futures in China, has also brought new issues to the vast numbers of investors in China, namely the risks of commodity futures and financial futures. This paper mainly introduces the difference between commodity futures and financial futures, and uses the econometric model to make a qualitative and quantitative analysis on the issue. The risk measurement mainly uses the two indexes of variance and beta coefficient to measure the overall risk and system risk of financial futures and commodity futures separately.