Empirical Research on Price Discovery Function of China Futures Market

From the findings that the author and others have researched,they found there is a long-term balanced relation between China domestic futures price and spot price as well as domestic futures price and foreign futures price.And the price discovery function of China futures market is enhancing gradually.But its price discovery function hasn't been brought into play enough.Therefore,it is necessary to further utilize the price discovery function of China futures market.On the basis of this viewpoint,two measures should be taken:the first is to perfect China futures market price form mechanism,and the second is to further enhance China futures market price information function and pricing power in the international market.