Recently, everyone is discussing the liberalization of stock index futures, so what impact will it have on A shares after the liberalization of stock index futures? Let's analyze it below.
First, short selling is allowed.
Because shorting stock index futures can also generate profits, the probability of unilateral rise or unilateral fall of the stock market in the future will be reduced, and a bull market with unilateral rise like 15 is rare. Therefore, after the liberalization of stock index futures, the stock price will not deviate too much from the actual value, so the short-term fluctuation of stocks may increase, but in the long run, it is conducive to the smooth operation of the market.
In addition, it should be noted that the current market environment is not the same as before. At present, the stock index futures market is dominated by hedging, and there is little chance of large-scale speculative trading. The relevant departments may restrict the opening of stock index futures. At present, the proportion of institutional investors doing stock index futures is increasing, value investment can be more deeply rooted in people's hearts, and the market will become more and more mature, which is conducive to the value and hedging function of stock index futures.
Second, it is conducive to value investment.
In the short run, stock index futures will aggravate market volatility, but in the long run, in fact, stock index futures are very beneficial to those high-quality stocks, because it can hedge the spot risk of stocks and let investors hold them for a longer time, which is a good thing for long-term value investment. Once the stock index futures are liberalized, we have a risk hedging tool. As a hedging tool, stock index futures can greatly increase our confidence in holding shares and make our willingness to hold shares stronger, thus reducing the frequency of stock trading and the turnover rate of the stock market.
For those Public Offering of Fund, hedging stock index futures can hedge the risk of stock market decline, thus giving full play to their stock selection advantages and providing greater innovation space for Public Offering of Fund products.