Study on Interaction between Treasury Futures and Interest Rate Liberalization

摘要

As an emerging-market, China has a vast market while it is slow in developing financial derivatives. The Eighteenth Session of the Third Plenary makes it clear to improve the multilevel capital market system, accelerate to carry forward interest rate liberalization, and develop financial derivatives stably and orderly. The article focuses on the effects of the development of financial futures on carrying forward interest rate liberalization on the basis of analyzing the present status of Chinese financial futures market.