by Au Kar Oi, Karen, Wong Hak Chi. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 57-59). / ABSTRACT --- p.i / TABLE OF CONTENTS --- p.iii / LIST OF FIGURES --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objectives --- p.1 / Chapter II. --- METHODOLOGY --- p.3 / Chapter III. --- ENVIRONMENT OF CHINA --- p.4 / Area and population --- p.4 / Economic Overview --- p.4 / National Resources and Energy Production --- p.8 / Foreign Investment --- p.8 / Legal System --- p.9 / Chapter IV --- BACKGROUND INFORMATION OF FUTURES MARKET --- p.11 / History of Futures Market in the World --- p.11 / Functions of Futures Market --- p.12 / Hedging --- p.12 / Speculating --- p.12 / Arbritaging --- p.12 / Structure of Futures Market --- p.13 / Traders --- p.13 / Futures Exchange --- p.13 / Futures Brokage House --- p.13 / Futures Clearing House --- p.14 / Futures Guarantor --- p.14 / Chapter V. --- REASONS FOR DEVELOPMENT OF CHINA FUTURES MARKET --- p.15 / International Economic Development --- p.15 / Rapid change in the world economy --- p.15 / Trend of the development of futures exchange --- p.16 / Risk diversification --- p.17 / Local Economic Development --- p.17 / Free-market economy enables the development of the futures market --- p.17 / Financial reform stimulates the development of the futures market --- p.19 / Chapter VI. --- CHARATERISTICS OF MARKET --- p.20 / Contractal Basis --- p.20 / Credit System --- p.20 / Speculative Nature --- p.21 / Uniquness of the Chinese Market --- p.21 / Chapter VII --- THE ZHENGZHOU EXPERIENCE IN THE EARLY DAYS --- p.23 / Grain Trading in China --- p.24 / Operation --- p.25 / Results --- p.25 / Problems of the Exchange during the first two years --- p.28 / Chapter VIII --- RECENT DEVELOPMENTS IN CHINA FUTURES MARKET --- p.31 / China Bond Futures Scandal --- p.33 / Cease of Red bean futures trading in Suzhou Commodity Exchange --- p.35 / Regulatory interventions --- p.36 / Chapter IX --- PROBLEMS IN THE FUTURES MARKET IN CHINA --- p.39 / Price Reform .................……… --- p.40 / Shrinking and duplication of contracts --- p.41 / Frequent Forced liquidation --- p.42 / Exchanges --- p.43 / Exchange Members --- p.44 / Market Players ....................………………… --- p.44 / Futures Contract ...........................….… --- p.45 / Brokerages --- p.45 / Hot Money --- p.46 / Enterprise Reform --- p.47 / Chapter X. --- PROSPECTS AND RECOMMENDATIONS IN DEVELOPMENT OF FUTURES MARKET IN CHINA --- p.49 / Curb speculation and court more hedgers --- p.49 / Strengthen Market Regulations --- p.52 / Avoid Unnecessary Competition --- p.53 / Develop the underlying spot market --- p.55 / Chapter XI. --- CONCLUSION --- p.56 / BIBLIOGRAPHY --- p.57
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320776 |
| Date | January 1996 |
| Contributors | Au, Kar Oi Karen., Wong, Hak Chi., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, vii, 59 leaves : ill. ; 30 cm. |
| Coverage | China |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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