The Necessity and Feasibility of Futures of Stock Index in China

China’s stock market has played an important part in national economy. Till now, the total market price of all stocks makes up 50% of GDP, but problems, such as systematic risk, lack of other derivative variety of finance, imperfect market function and mechanism, have occurred in China's stock market, such problems have restricted the further development of stock market. Futures of stock index are of great importance to improve function and mechanism of stock market, and to raise China's level in international financial market. So it is of necessity and feasibility to bring out futures of stock index.