Shanghai and Shenzhen 300 stock index futures are futures based on Shanghai and Shenzhen 300 stock indexes. They were launched by China Financial Futures Exchange on April 10. The Shanghai and Shenzhen 300 Stock Index is based on the Shanghai and Shenzhen 300 Index, with the benchmark date of February 2004 of 65438+3 1 and the benchmark date of 1000 points.
When the Shanghai and Shenzhen 300 stock index futures first came out, they bought directly at the daily limit on the first day, just like the current GEM. Every time a new variety appears, the spontaneous combustion of the market will produce benefits, but the rise of the Shanghai and Shenzhen 300 stock index futures will not affect the changes of the Shanghai and Shenzhen 300 index in a certain sense, or directly affect the stock market price.
There are three main relationships between CSI 300 stock index futures and CSI 300 index:
1, Shanghai and Shenzhen 300 stock index futures and Shanghai and Shenzhen 300 index have a linkage relationship.
Shanghai and Shenzhen 300 stock index futures are the price expectation of Shanghai and Shenzhen 300, that is to say, Shanghai and Shenzhen 300 stock index futures can be fully circulated in the ordinary market because of its early value discovery function.
2. Technically, stocks cannot affect futures.
The Shanghai and Shenzhen 300 Index can't affect the price of the Shanghai and Shenzhen 300 stock index futures to a certain extent, because there is no direct leverage on stocks, and the amount of funds needed to affect the changes of stocks or the changes of the Shanghai and Shenzhen 300 Index is too large.
In other words, the rise and fall of the Shanghai and Shenzhen 300 index will not drive the rise and fall of the Shanghai and Shenzhen 300 stock index futures.
3. Futures can affect stocks.
The Shanghai and Shenzhen 300 stock index futures have an obvious leading role, that is, the value discovery mentioned above. Therefore, the rise and fall of the Shanghai and Shenzhen 300 stock index futures will directly affect the rise and fall of the Shanghai and Shenzhen 300 index.
Summary: The basic factors affecting the trend of Shanghai and Shenzhen 300 stock index futures come from the basic economic factors, so the Shanghai and Shenzhen 300 stock index futures can promote the rise or fall of the Shanghai and Shenzhen 300 index, and even the Shanghai and Shenzhen 300 stock index futures can amplify the market fluctuations affected by the basic economic factors. This market fluctuation will continue to the stock market or related markets, thus affecting the changes of the Shanghai and Shenzhen 300 Index.