What does the stock in the stock market mean? What is the basis of futures? For many people who have just come into contact with the stock market, it seems that all the terms in the stock market seem so strange, so Bian Xiao specially brought you what it means to speculate in the stock market, hoping to help you.
What does the stock in the stock market mean?
The China Stock Exchange means that China has signed a new stock issue. Generally speaking, newly issued stocks will rise for a period of time after listing, bringing good returns.
1. Stock is the ownership certificate issued by a joint-stock company. It is a kind of securities issued by a joint-stock company to all shareholders in order to raise funds, as a shareholding certificate to obtain dividends and bonuses. Stocks can be transferred and traded, and are the main long-term credit instruments in the capital market, but companies cannot be required to return their capital contributions.
2. Stock lottery refers to the lottery of new shares before the issuance of new shares, which is divided into online subscription and offline subscription. Generally, small and medium investors are suitable for online subscription. According to the rules of the exchange, the winning rate will be announced, and according to the total allocation number, the lead underwriter will preside over the lottery to confirm the winning result.
3. For China investors, business entities are generally located in the mainland of China. In this case, domestic investors will invest. The advantage is that investors are familiar with business models and products, such as Sina and Focus. Investors can have direct contact with products and services and have personal experience.
What is stock index futures?
This subject matter, also known as the underlying asset or the underlying asset, can be a commodity, such as copper or crude oil, a financial asset, such as foreign exchange and bonds, or a financial indicator, such as the three-month interbank lending rate or index. If the subject matter is a stock index, then futures are stock index futures, referred to as stock index futures.
The emergence and development process of stock index futures
Stock index futures first appeared in the American market. In 1970s, western countries experienced economic stagflation, slow economic growth, soaring prices and political turmoil. At that time, the stock market experienced the worst crisis after World War II. In the stock market decline of 1973- 1974, the Dow Jones index fell by 45%. Investors realized that there was no suitable means to manage financial risks in the stock market decline, and began to study tools to avoid systemic risks in the stock market. 1982 In February, the Commodity Futures Trading Commission (CFTC) of the United States approved the introduction of stock index futures. On February 24th of the same year, KCBT launched the world's first stock index futures contract-the value line composite index futures contract. On April 2 1, CME launched S. At present, China stock exchange needs to pay the full value of the stock. Because the margin trading of stock index futures provides trading leverage, the amount of losses and gains is likely to be large, which is different from stock trading.
Third, the transaction direction is different. Stock index futures trading can be long or short; You can buy first and then sell, or you can sell first and then buy, so stock index futures trading is a two-way transaction. At present, there is no short selling mechanism in stock trading in China, and stocks can only be bought first and then sold. At this time, stock trading is a one-way transaction. In the future, the situation will change after some stocks are allowed to trade in securities.
Finally, the settlement method is different. Stock index futures trading adopts debt-free settlement on the same day, and positions should be settled after the end of the day. If the balance of the account deposit is insufficient, it must be replenished within the specified time, otherwise it may be forced to close the position. However, the full amount of stock trading does not require additional funds from investors, and no settlement is made before the stock is sold, regardless of whether it is profitable or not.