Authored by Chen Han
Published by China Financial Publishing House
Published on June 1, 2008


About the Author
Chen Han, born in Suixi County, Anhui Province in March 1969, Master of Engineering and Doctor of Economics.

Before acting as head of products group and business group for establishment preparation of the China Financial Futures Exchange (CFFEX) in March 2006, he had worked at the Shanghai Financial Exchange, Salomon Smith Barney and the Shanghai Futures Exchange. Now, he is in charge of the Clearing Department of the CFFEX. With years of experience in research and development of financial derivatives, he once participated in the research on non-ferrous metals futures market and gold marketization as well as the design of copper futures contracts, stock index futures market scheme and treasury bonds futures and short-term interest rate futures market scheme, and is committed to the popularization and promotion of derivatives theory.


Capsule Summary:
Reviewing the evolution path and supervision of the financial derivatives market in the same context of system improvement, the book discusses the formation causes and the corresponding supervision modes of financial derivatives markets in different regions from the perspectives of trading cost and channel dependence. The formation of development modes and supervision characteristics of the financial derivatives markets in different countries and regions is not isolated or one-sided and must be the result of internal and systematic evolution. The book aims to analyze the evolution path and supervision pattern of the financial derivatives market in line with the theory of institutional economics so as to crystallize the development path and put forward the advice for the supervision mode of China’s financial derivatives market.


The book is an initial attempt on the research on evolution path and supervision mode of financial derivatives market, whose development and supervision are diversified in the ongoing process of evolution.