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First, the stability for the stock market, improve the liquidity. This is the stock index futures in the securities market the main effect. Since the 90 s, although the negotiable securities of our country market has achieved great development, the market quality enhances unceasingly. However, China's securities market is still in a transition phase, the market is not mature, share price rises and falls found in large phenomenon, one of the black herve leger dress main reasons of China's stock market is one of the lack of hedge balance white herve leger dress mechanism. Long-term since, our country ibeats by dre market only allowed to do much, not allowed  black herve leger dress to do empty. And out of stock index futures, make the empty possible. So, do much to do with the empty have the equality of opportunity to express the market expectations, increased market balance restraining forces, promote the formation of the market price NaLianXing mechanism, to speed up the stock price to return to its value. Such as when stock prices higher than its value, investors can do to get through empty excess profits, and to keep the price drop back to its value level; When stock prices lower than its value, investors can do much to gain by excess profits, and to keep the price rise to the level of value, to keep the price reflect the value.
Second, widens the securities market breadth. Out of stock index futures, rich investors of investment tools, that investors can use more investment vehicle for arbitrage and value. At the same time, along with the launch of stock index futures, stock index futures and related products have also produce, thus increasing the securities market products. And, because of stock index futures in the highly leveraged sex and allow do empty, will attract a lot of institutional investors and risk preference into the market, at the same time, it will attract a lot of QFII into the domestic market. The increase of investment tools as well as many investors to enter, will be greatly broaden the domestic stock market breadth.

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