股票权证

试论我国股票权证市场的发展模式

On the Development Mode of China 's Stock Options : International Experience and Our Choice

全额担保的创设注销机制是维护目前中国股票权证市场价格稳定的重要机制。

Full-guaranteed creation institution is an important approach of maintaining the stability of Chinese warrant market .

以知情交易概率为研究手段，选择在2005年上市的权证及其正股为样本，采用分笔的高频交易数据考察了股票和权证市场信息非对称特征的差异。

Based on high frequency transaction data of warrants before 2005 and underlying stocks , the asymmetry information characteristics difference between stocks and warrants is disclosed utilizing probability of informed trader .

我国股票与权证市场之间的线性及非线性因果关系借鉴国际成熟权证市场的经验，券商若要在竞争中取得优势必然要创新设计吸引投资者的新型权证。

Linear and Non-linear Granger Cause Relation between Stock and Warrant in Chinese Stock Market Basing on the experience of maturity option markets , exotic options are the inevitable trend of our option markets .

可转换股票好于权证，因为以后这些银行应该不需要额外注资。

Convertibles are better than warrants because the banks should not need additional capital infusions later .

同时，两个市场存在双向波动溢出效应，而这种溢出效应股票市场对权证市场更加显著。

In the meantime , volatility spillovers effect exists in the two markets , which is more obvious to warrant market .

分离交易可转债WBs（WarrantBonds）这一关联股票、债券和权证三种金融工具的初级衍生产品于2006年5月8日被批准为上市公司再融资工具。

Warrant Bonds ( WBs ) which conjuncts three financial tools including stock , bond and warrant as a junior derivative was approved to be a refinance tool for the list companies in May 8th , 2006 .

单一型权证标的资产为单一股票，组合型权证标的资产为多个股票组合，指数型权证则以各种股价指数为标的资产。

Onefold model the asset of authority card mark is single share , the asset of mark of combination authority card is many stocks combination , index authority card is the asset of mark with all sorts of share price indexes .

不过最常见的标的资产则是股票，对于股票型权证来说，又可分为单一型权证、组合型权证和指数型权证。

The asset of the commonnest nevertheless sign is a stock , to stock authority card , can divide again for onefold model card of authority card , combination authority card and index authority .