The application of financial derivative securities in China

With the rapid development of economic globlization and financial internationalization, financial derivative securities(FDS) has become the most vigourous financial product. The FDS market has become the most active financial market, whose development has exceeded others greatly. Whether owning FDS market or not has become the standard to measure if a country's financial market is complete and mature. Since the turn of 21st century, the world has fixed its eyes on the rapid development of China's economy. And China's speeding up of its financial system reform has drawn wide attention in the world. However, contradictory to the development of economy and the pace of financial system reform, the application of FDS in China is still very weak. Thus its unique potential of the development of our economy has riot been completely brought into play. To maintain the growth of GDP at the RATE of 7 % every year, China must give full play to FDS's function in economic development, set up and perfect the FDS market.