market of commodity futures 中文意思是什麼
market of commodity futures
解釋
期貨市場-
In addition to its futures brokerage activities, refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and otc financial and commodity products
除了期貨經紀業務， refco亦是現金市場產品的主要經紀，包括外匯外匯期權政府證券美國與國際股票新興市場債券，以及場外金融及商品產品。 -
An efficient commodity futures market provides producers and consumers not only with correct price signals but also with tools for managing price risk, contributing to the efficient allocation of resources
一個高效的商品期貨市場有利於為生產者與消費者傳遞正確的價格信號，並提供管理價格波動風險的工具，從而達至資源有效的配置。 -
Firstly the thesis introduces the connotation, status and functions of the futures delivery in the futures market, secondly, it makes comments on the three different viewpoints about the futures system, and then makes a deep research in the futures delivery systems concerned such as the designing of the grade of the listed commodity as well as the premium and discount, the selection of the delivery locations and the regulation on the designated delivery warehouses, as well as the management and circulation of the warehouse receipts
本文首先介紹了期貨交割的內涵、地位和作用；其次，從合約設計出發，分析了交割制度安排的三種不同觀點，標準交割品及有關升貼水的設計，交割倉庫的設置，交割倉庫的管理，標準倉單的流通等期貨市場交割制度及相關制度；再次，對中國期貨市場探討或實施的六種主要交割形式進行了評述；最後，對交割風險的特殊性進行了剖析。 -
This thesis takes the process of the futures delivery as the object of the research, analyzes and investigates the physical delivery system. firstly the thesis introduces the connotation, status and functions of the futures delivery in the futures market, and then makes a deep research in the futures delivery systems concerned such as the designing of the grade of the listed commodity at par as well as the premium and discount, the selection of the delivery locations and the regulation on the designated delivery warehouses, as well as the management and circulation of the warehouse receipts. on the basis of the above - mentioned analysis, this paper makes some constructive suggestions and recommendations on the improvement and innovation of the futures delivery to be taken by the chinese futures market at the present stage
本文首先闡明了期貨交割在期貨市場中的經濟內涵、樞紐地位和功能保障作用；然後，從合約設計出發，用均衡原理揭示了期貨交割制度與品種活躍和風險控制的有機關系；進而，對比中外交割制度，通過比較，認清了中外現貨基礎、誠信和法制等環境因素的差距，明白了「拿來」的內容和如何構建中國特色的交割制度；從而，就小麥國家標準的歷史局限性，標準和替代交割品級及其升貼水的設計原則，交割標準把握的出發點和落腳點，交割倉庫設置和管理的目標和狀況，標準倉單沾滯的根源等期貨市場交割制度及相關規定，進行了深入而細致的剖析。 -
However, the situation of conducting oil futures trade in our country is now not ideal, which mainly shows that on the one hand there is not the commodity of oil futures in our futures market, on the other hand, there are only a few enterprises to conduct oil futures trade in overseas market
其基本原理就是經營者同時在現貨市場和期貨市場進行相反的交易，用一個市場的贏利來彌補另一個市場的虧損。我國現在開展石油期貨貿易的情況不太理想，這主要體現在一方面我國國內期貨市場還沒有石油期貨品種，另一方面我國開展境外石油期貨貿易的企業不多。 -
The arbitrage of commodity futures takes advantage of the price relation in different delivery month futures contracts. as market factors affecting short - term and long - term commodity future prices are not same, or the same factors may affect the market to different extent in the short term and long term, therefore their spread will change. the spread may deviate from the range of the price variation of the two contracts, or it may possibly form trend
商品期貨套利交易利用不同期貨合約之間的價格關系來獲利，由於影響短期和長期期貨價格的市場因素不盡相同，或者同一因素對市場的短期影響和長期影響有別，反映在期價的變化上就是近期合約價格和遠期合約價格的變化幅度不一，最終導致不同期貨合約間的價差關系發生變化，價差可能脫離兩合約之間正常的價差變動范圍，也可能形成趨勢。 -
Kuno, under fia j ' s capacity, recently has been re appointed as a committee member of japanese government council, related to commodity futures market reform
最近，久野喜夫被再次任命為日本議會的議員，處理商品期貨市場的改革。 -
Such improvement can only be achieved by increasing the markets breadth and depth, in order words, by further increasing the types of commodity futures products traded and expanding the base of market participants, so that prices on the futures exchanges better reflect changes in demand - and - supply conditions arising from economic activities both within and outside the country
這可以通過增加商品期貨市場的廣度與深度來實現，也就是要進一步增加交易品種，同時擴大市場參與者范圍，使期貨交易所形成的價格更好地反映國內與國外經濟活動所產生的供求變動。 -
I have already mentioned that, in order to improve the price - discovery function of the mainlands commodity futures market and make the mainlands economic activities more influential in international commodity pricing, and therefore help the commodity producers and consumers on the mainland to control and manage international commodity price risk effectively, our country should develop its own commodity futures market in our own " home court " in our own time zone
上次提到中國若能發展自己的商品期貨市場，有了自己的地頭，在自己的時區內進行商品期貨交易，將有助於加強商品期貨市場的價格發現功能並提升全國經濟活動對國際商品定價的影響力，從而也有助內地的商品生產者與消費者有效控制與管理國際市場商品價格波動的風險。 -
Without adequate interaction, it is invariably the overseas markets that influence the local ones and therefore local market prices because the more mature commodity futures markets play a dominant role in the international price discovery of commodity products
而且在沒有互動的情況之下，往往只有從外到內的單向傳導，外地價格影響內地價格。也就是說，在國際大宗商品價格發現功能上，國際上較成熟的商品期貨市場起主導的作用。 -
Commodity futures price is an expected price, which will reflect the relation of supply and demand in spot transactions for the future. whether the forming mechanism is valid or not can be proved when the futures market acted
商品期貨價格是一種能夠反映未來現貨供求關系的預期價格，期貨價格形成機制是否有效，可以從期貨市場功能是否得到實現體現出來。 -
I therefore believe we need to consider how to bring together the demand - and - supply conditions on the mainland, arising from its huge and fast - growing economic activities, and the highly efficient financial platform and open markets of hong kong to develop chinas own commodity futures market
所以，我認為有需要探討如何把內地大和快速增長的經濟活動所帶來的供給與需求因素與香港高效的金融平臺高度開放的市場緊密結合起來，發展中國自己的商品期貨市場。
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