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《The Theory and Practice of Finance and Economics》 2005-03
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Pricing Efficiency of Index Futures and Stock Market

DAI Xiao-feng,ZHU Hai-yan (School of Finance, Hunan University,Changsha,Hunan 410079,China)  
The development of Index Futures Trading has improved the pricing effi ciency of stock market. The price of relevant stock portfolio determines price o f stock index future in static equilibrium market under the conditions of perfec t market and imperfect market. But the price of stock index future puts together and transfers large amount of information, and can be immediately transmitted b y the arbitrage mechanism between stock market and stock index future market in dynamic non-equilibrium market. Therefore stock index future leads and discoveri es stock price and then is beneficial to the improvement of pricing efficiency o f stock market.
【CateGory Index】: F830.91
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Chinese Journal Full-text Database 2 Hits
1 XIONG Xiong1,XU Jin-hua1,ZHANG Jin2 (1.School of Management,Tianjin University,Tianjin 300072,China;2.Business School Tianjin University of Finance and Economics,Tianjin 300222,China);Research on Risk Monitoring System of China Stock Index Futures[J];The Theory and Practice of Finance and Economics;2009-05
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Chinese Journal Full-text Database 3 Hits
1 RONG Wei-li et al(Management College,Shanghai Jiaotong University, Shanghai 200030);Feasibility and Ways of Profit-making for Farmers in the Future Market[J];Journal of Anhui Agricultural Sciences;2006-01
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Chinese Journal Full-text Database 10 Hits
1 CAO Fengqi, JIANG Huadong(Guanghua School of Management, Peking University, Beijing 100871, China);Research on Index Future Market Development in China[J];Journal of Peking University(Humanities and Social Sciences);2003-06
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【Secondary References】
Chinese Journal Full-text Database 1 Hits
1 Fu Kunshan;Hu Min(Shandong Institute of Economics,Jinan 250014,China);The Impacting on Stock Index Futures for Pricing Efficiency of Stock Market[J];Value Engineering;2009-05
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