中国期货市场政府监管和自律监管研究.doc

STUDY ON

GOVERNMENT REGULATIION
SELF-REGULATION
OF

AND
CHINA’S

RUTURES

MARKET
ABSTRACT
The establishment and improvement of futures market is the
objective requirements of China’s market economy development. Since
China's modity futures exchanges established in 1990, the
Chinese futures market has gone through ups and downs and
development. After many years’ experiments and rectification, the futures
market has been gradually specified and demonstrated the importance of
its existence and the necessary of its development. Coming into the 21st
century, China's futures market is facing new opportunities to a rapid
development. In this time while the financial crisis exists and stock index
futures is ing, while the trading volume grows constantly,
plete relevant laws and regulations, ineffective supervision,
excessive

administrative

intervention,

and

obviously

inadequate
5
self-regulation, etc, all these things are restricting the further development
of futures markets.
Therefore, it has important and far-reaching significance to further
improve the regulatory system of China’s futures market by learning from
the experience of mature futures markets, and analyze the interaction
between the government regulation and self-regulation rationally, which
will regular the operations of the market, promote its healthy and orderly
development, and enhance the "flexible "and the overall risk-resisting
ability of the national on the above understanding, this
paper bine the practical characteristics, historical background
and development needs of China's futures market, and make a rational
analysis and exploration on how to build a reasonable regulatory system
for realizing a bination of government regulation and
self-regulation, on the basis of learning from the mature regulatory
system and the experience of developed Western countries, so as to gain
more useful exploration for China's futures marke