In this paper,we examine the relation between volume and price variability in copper futures in SHFE with GARCH(1,1)model,and the empirical evidence presented shows that a positive relationship is detected between pri...In this paper,we examine the relation between volume and price variability in copper futures in SHFE with GARCH(1,1)model,and the empirical evidence presented shows that a positive relationship is detected between price variability and volume,and there is a persistency in volatility.展开更多
Gold market is both a commodity market and a financial mar ket, which. in contrast to other financial markets, has a real value. To build up gold market in China, a stable development is suggested, and it should be di...Gold market is both a commodity market and a financial mar ket, which. in contrast to other financial markets, has a real value. To build up gold market in China, a stable development is suggested, and it should be divided into three stages: establishing of a primary gold market; gradually improving domestic market; and in line with the international market. The paper discussed the estab lishment of a primary gold market in detail. The author believes it is in need to set up a primary gold market in China to meet the need of gold producers and gold consumers. The primary gold market main ly includes the following: 1. To develop gold market based on the existing financial exchanges. 2. To set up a gold price system that timely and accurately reflects the changes of supply and demand of gold market and is helpful to effective allocation of gold resources. 3. Making well use of the commercial banks, to establish a norma tive marketing system. 4. To ensure a stable shift of the gold pro ducers and consumers by means of proportional shift or double track shift. 5. To formulate management regulations for cash de posit. daily settlement, holding limit, and up/down halt, to elimi nate possible risk and keep a normal deal.展开更多
文摘In this paper,we examine the relation between volume and price variability in copper futures in SHFE with GARCH(1,1)model,and the empirical evidence presented shows that a positive relationship is detected between price variability and volume,and there is a persistency in volatility.
文摘Gold market is both a commodity market and a financial mar ket, which. in contrast to other financial markets, has a real value. To build up gold market in China, a stable development is suggested, and it should be divided into three stages: establishing of a primary gold market; gradually improving domestic market; and in line with the international market. The paper discussed the estab lishment of a primary gold market in detail. The author believes it is in need to set up a primary gold market in China to meet the need of gold producers and gold consumers. The primary gold market main ly includes the following: 1. To develop gold market based on the existing financial exchanges. 2. To set up a gold price system that timely and accurately reflects the changes of supply and demand of gold market and is helpful to effective allocation of gold resources. 3. Making well use of the commercial banks, to establish a norma tive marketing system. 4. To ensure a stable shift of the gold pro ducers and consumers by means of proportional shift or double track shift. 5. To formulate management regulations for cash de posit. daily settlement, holding limit, and up/down halt, to elimi nate possible risk and keep a normal deal.
