规避基差风险策略研究

基差风险是指基差的不确定性．它是由于人们在对现货市场进行套期保值时转移价格风险而产生的。在非完美市场的情况下，基差的变化往往不尽如入意。如何控制或规避基差风险是摆在人们面前的又一课题。本文对基差风险的产生、成因及控制或规避进行了系统分析和研究。

Research on the Strategy of Basis Risk Management

Basis risk means basis uncertain, it emerges from hedging by transferring price risk on spot market. On the non-perfected market, basis change is not usually consistent with what hedger expects it. It becomes an increasingly important problem to control and escape basis risk. The paper makes a systematic research on reason of basis risk emergence and how to control and escape basis risk.