Investors can use stock index futures to hedge systemic risks, which are divided into buying hedging and selling hedging. If investors have a large number of spot positions, they can hedge the systemic risk of market decline by selling hedging. If investors plan to buy spot in the future, they can avoid the risk of rising costs caused by rising prices in the future by purchasing hedging.
In marketing and advertising, target groups, also known as target customers, target audiences and target customers, are the population groups targeted by marketing activities. Marketing activities mainly refer to advertising activities, but they can also be political activities or other publicity activities. The target group can be a certain population group, such as age group, gender, marital status, etc.
Common groups are teenagers, women, singles and so on. The target group can also include several different population groups, such as all men between the ages of 20 and 30. The marketing process can also plan how to treat other non-target groups. Determining the right group for products or services is an important part of market research. Not knowing your target group will lead to excessive and inefficient marketing activities.
For large households, we define it as the amount of funds above 6,543,800 yuan. At present, there are more than 6,543,808 households with account funds above 6,543,800 yuan in the market. In June, 2009, Public Offering of Fund, social security fund and insurance fund held the circulating market value of A shares of 3,398.6 billion yuan. If 10% of their stock market value is used for hedging calculation, the value of their stock index futures contracts will be about 339.9 billion yuan.
Target group analysis:
Customer groups: mainly include large households with large positions in the spot market, as well as Public Offering of Fund, social security funds, insurance funds, size and so on. Although the relevant measures for these institutions to participate in stock index futures are still being worked out, these market players are the biggest victims of systemic risks.
If they are excluded from stock index futures, it will not reflect the function of stock index futures to avoid systemic risks from the macro level, which is contrary to the purpose of launching stock index futures. Therefore, we believe that the regulatory authorities will appropriately allow these institutions to participate in stock index futures to a certain extent, but mainly for hedging.