Stock index futures have nothing to do with market CBBC the threshold of 500,000 yuan

Zhu Yuchen, general manager of China Financial Futures exchange, said that participating in the stock index futures trading requirements "three have"; At present, China's stock customers, account assets under 500,000 yuan accounted for 95%-98% China Financial Futures Exchange General manager Zhu Yuchen at the Lujiazui Forum held on 16th, said the stock index futures are not so great and not so sinister , not to turn a bear market into a bull market, nor to turn a bull market into a bear market.　　In the three years since the establishment of CICC, the preparations for the stock index futures have been perfected, and a set of "Qualified investor system" has been established, that is, to sell the proper products to the right investors, and the investors participating in stock index futures must meet the "three conditions". One is "have money". Index futures to open the fund threshold initially set to 500,000 yuan, the current Chinese stock customers, account assets in 500,000 yuan below accounted for 95%-98%.　　This funding threshold allows investors with less risk to take up the product of stock index futures. The second is "knowledge". 　　Investors must grasp the basic knowledge of stock index futures, understand product attributes and risks, and pass the basic knowledge test of stock index futures to open an account transaction. "Investors must know the difference between futures and stocks, know what is called customer buys, what is forced to close the position, what call margin, do not regard stock index futures as stock trading." 　　"Zhu Yuchen said. The third is "experience". CICC stipulates that investors must go through at least five trading days of simulation transactions, cumulative turnover of more than 20 hands to participate in stock index futures. 　　In addition, the investor's experience in commodity futures and stock investment also serves as a flexible reference index. Zhu Yuchen said: "The establishment of such a strict system of qualified investors in China is the first time." This is an important measure to protect the interests of investors from the angle of investors ' interests. 　　"According to the introduction, the current Gold stock index futures simulation transaction account number has reached more than 7,200, the average daily simulation volume of more than 100,000 hands, through simulation transactions familiar with the stock index futures this product, conducive to more secure product launch." "I am a firm supporter of futures or stock index futures. Yang Maijun, general manager of Shanghai Futures Exchange, said that the prudent and effective use of derivatives futures market often only through a steady development on the one hand, through large-scale, in-depth education, the establishment of a sound system to train relevant talents to solve our entire real economy, how to fully, prudently, Effective use of futures and Derivatives city Chang Song liping, general manager of Shenzhen Stock Exchange, suggested that China's capital markets should focus on coordinating the development of multi-level capital markets and diversified investor groups. Enterprises in different and long-term needs different levels of the market to meet their financing needs. 　　To meet the needs of investors with different risk preferences, there is a need for a diversified investment community. But in fact, the structure characteristics of China's capital market investors are very prominent, the small and medium investors under 1 million yuan are more than 70% of the total turnover. The participation of individual investors in Hong Kong market is around One-third, London is less than One-tenth. This makes China's capital market capital turnover presentShort-term behavior prominent, very active characteristics. Song Liping analysis that, as the main provider of liquidity in China's capital market, small and medium-sized investors have retail characteristics. 　　and institutional investors, including the fund, have a particularly serious investment behavior. "On the one hand, we set up a multi-level capital market, on the one hand, our investor groups are not diversified." Song Liping said that different markets and investors face different risks, if not coordinated development, there will be many problems.