⊙记者 郭玉志 孙霖 苗燕

⊙ reporter GuoYuZhi SunLin MiaoYan

　　刚刚发布的《金融业发展和改革“十二五”规划》，为未来几年我国金融业发展勾画了“路线图”。

Just released[The financial industry development and reform"1025"planning],For the next few years the development of China's financial industry traced out"roadmap".

　　对于备受关注的投资性金融产品创新，《规划》也提出了明确要求，着力发挥金融市场的投融资功能。丰富货币市场和资本市场金融投资工具，推动发展金融衍生产品市场，疏通投资渠道，提高金融投资的安全性、流动性和盈利性，增加居民财产性收入。同时，进一步完善投资者回报机制。

For an investment of concern financial product innovation,[planning]Also put forward clear requirements,Emphatically exert the financial market financing function.Rich money market and capital market financial investment tool,To promote the development of the financial derivatives market,Dredge investment channels,To improve the security of the financial investment/Liquidity and profitability,Increasing property income residents.At the same time,To further improve investors reward system.

　　产品创新已成券商生命线 Product innovation has become a lifeline brokers

　　“《规划》再次将产品创新提升到了新的高度。”

"[planning]Again will product innovation promoted new height."

　　一位券商负责人向记者表示，外汇、货币等进一步放开，以及创新衍生品市场，对于培育市场新的消费需求，拓宽居民投资途径都将带来相关利好。

A dealer person in charge told reporters,Foreign exchange/Currency and further open,And innovation derivatives market,For the cultivation of market new consumer demand,Broaden the investment ways residents will bring related bullish.

　　深圳一家证券公司的分析师也指出，目前，产品创新已经成为各家券商的生命线。该人士也希望，政策能够给予更多的松绑，才能让各家公司的产品设计更加丰富，提升产品的盈利性。

Shenzhen a securities company's analysts also pointed out,At present,Product innovation has become the lifeline of securities houses.This personage also hope,Policy can give more relax,Can let companies product design more rich,Improve product profitability.

　　值得一提的是，作为普通投资者可以参与的货币市场金融投资工具中最主要的一种，货币市场基金近日加快了产品创新步伐。汇添富上报的一款“汇添富收益快线货币市场基金”产品，实现了在交易所平台上的“Ｔ＋0”资金可用。与传统的货币基金相比，丰富了货币基金的产品和结构。

Be worth what carry is,As an ordinary investors can participate in the money market financial investment tool in the main one,Money market funds recently to speed up the pace of product innovation.Collect add rich reported one"Collect add rich income express money market funds"products,To realize the exchange platform"T + 0"funds.Compared with the traditional monetary fund,Rich monetary fund products and structure.

　　国金证券(600109,股吧)基金分析师张琳琳在接受记者采访时指出，目前，货币市场基金发展面临的最大问题就是资金到期日的问题。“货币ETF”的推出，将大大提高闲置资金的收益率，同时达到提高投资的流动性、盈利性，增加居民财产性收入的目标。

Countries gold securities(600109,guba)Fund analysts ZhangLinLin when accepting a reporter to interview pointed out,At present,Money market fund development of the biggest problem is the problem of money due date."Monetary ETF"launch,Will greatly improve the idle fund yields,At the same time improve the fluidity of investment/profitability,Increase the residents property income goal.

　　期货市场创新大有可为 Futures market innovation have a brilliant future

　　这仅仅是一个开始。

This is only a start.

　　“资本市场金融投资工具的创新力度将更强。”银河期货总经理姚广在谈到金融衍生产品时指出，丰富金融衍生品品种十分重要。

"Capital market financial investment tool innovation will be more strong."Galaxy general manager YaoGuang futures in talking about financial derivatives out,Rich variety of financial derivatives is very important.

　　姚广表示，金融衍生品是市场经济必备的风险管理工具，风险管理工具是随着市场经济发展逐步产生和完善的。由于金融工程的出现，使期货交易所的标准化合约和金融机构的定制式衍生品可以把大量的风险从基础资产中分离，按投资者偏好进行购买、出售和重组。对于金融衍生品的运用，要在坚持资本市场服务实体经济的本质要求下，从发现价格的角度和管理风险角度发展资本市场金融投资工具，实现金融衍生品市场发展的可行路径。

YaoGuang said,Financial derivatives market economy is the necessary risk management tools,Risk management tool is along with the market economy development gradually produce and perfect.Due to the emergence of financial engineering,Make futures exchange standardization agreement and financial institutions of the fixed system derivatives can take a lot of risks from basic assets separation,According to investor preference to purchase/Sell and restructuring.For the use of financial derivatives,To adhere to the capital market service entity economic essence request,From the point of view of that price and manage risk Angle develop capital market financial investment tool,To achieve financial derivatives market development viable path.

　　根据《规划》指引，姚广预计，未来期货市场将在不发生系统性风险的前提下迎来新的创新高潮。

According to[planning]guidelines,YaoGuang is expected to,The futures market in the future will not happen under the premise of systemic risk in the new innovation high tide.