How to understand the March 27 Treasury bond futures event has become an important focus to correctly judge the current conditions for developing Treasury bond futures. Referring to the March 27 national debt futures incident, it is inevitable that Chinese people will feel some pain and have a complicated mood. Because it led to the collapse of the so-called No.1 securities at that time, it was also the main reason why the country suspended the trading of treasury bonds futures. However, this incident has become an indispensable coordinate for correctly understanding the current development of treasury bonds futures, showing its existence value. Through in-depth comparison of different environments yesterday and today, people hope to have a fuller understanding of related issues, which will undoubtedly be conducive to the successful launch of treasury bonds futures today.
It is very important to understand the necessary conditions for the development of treasury bonds futures when analyzing the March 27 incident. 1993 China opened treasury bonds futures, and 1995 closed because of the March 27th incident. Today, it seems that the main reason is that the necessary conditions for developing treasury bonds futures are not available. This important understanding undoubtedly represents a kind of progress, but the cost or negative impact is so great that relevant experts believe that the main obstacle to launching treasury bonds futures may lie in the concept of understanding, that is, this incident has affected people's understanding of the sufficient conditions for the development of treasury bonds futures today. In a word, the impact of the March 27 Treasury bond futures event is extremely complicated, which is a hurdle that people can't bypass when discussing how to launch Treasury bond futures today.
Among the views on the necessary conditions for the development of treasury bonds futures, the most representative ones are Professor Dai, a famous economist, and the director of the Financial Research Bureau of the People's Bank of China.
Dai, a member of the Chinese People's Political Consultative Conference (CPPCC) who made serious suggestions to the relevant parties after the March 27 Treasury bond futures incident, called loudly after several years: the time is ripe to resume Treasury bond futures!