But it is actually conducive to shortening the space and time of the bear market! Since the crisis of 2065 438+05 2638, stock index futures have been strictly restricted, resulting in institutions and private placements not having a short-selling tool to hedge risks! So the result is that the bear market is getting fiercer and fiercer, and the institutions are cutting down more and more! After all, they rely on performance and funds to eat, and the decline of the bear market cannot be hedged, so they can only passively cut meat!
The role of stock index futures is actually more biased towards institutions and private placements, which is of great benefit to them! After the liberalization of stock index futures, institutions have hedging function and can make money without doing much! The configuration of the organization is that holding stock positions in the spot and matching a certain proportion of futures short positions in the backhand can hedge risks! Most of our retail investors don't make futures index, because of the limitation of capital threshold (500,000) and practical experience, so in the face of adjusting the market, short-term investors can only control their positions and choose to wait and see to avoid risks.
Understand the above principles, you will understand that the loosening of stock index futures will only aggravate market volatility. It is good for institutional investors, but it intensifies the risk for ordinary investors, because retail investors do not have hedging ability. But from the perspective of market development, it can attract large funds to enter the market. Because institutional investors can control risks through complex and professional trading strategies. Therefore, to develop the financial market, we should not only have the tool of stock index futures, but also liberalize T+0 stock trading. Because it's only fair. So I estimate that the liberalization of the T+0 trading system should be coming soon.
But for long-term investors, the decline in this position is actually doing stocks, and the rise in this position is making money, so there is nothing to worry about! Stock index futures choose to loosen in this position, in fact, considering the limited decline and strong support below! In the case of the 20-year annual line and the 2449-point policy bottom, shorting here is undoubtedly the right thing to do. Before the pledge risk is solved, short sellers must never be allowed to fall below the liquidity crisis of 2449 points! Therefore, it is a good time to loosen stock index futures at this time with expert guidance!