中文摘要：

基于期货市场功能与期货市场有效性内在关联的视角,选取了相关性指标、Granger因果检验、GS模型检验和信息份额模型作为价格发现功能评价方法;基差分析、套期保值绩效值分析、套期保值比率分析和成交量分析作为套期保值功能评价方法,对我国大豆期货市场的有效性展开了多维度分析。研究认为我国大豆期货市场是弱式有效的,仍然有很大的提升空间,可以从完善期现货主体的建设、完善期货实物交割体制,降低交易成本、推进期货市场国际化等方面进一步加强期货市场的建设,进而保证我国粮食安全。

英文摘要：

This paper selected correlation, GS model, Granger causality test, inspe share model as price discovery function evaluated methods, selected basis, hedging ction and information performance value analysis, hedging ratio and volume analysis as hedging function evaluated methods, launched a dimensional analysis on the soybean futures market in China based on the perspective of internal connection between futures market functions and effectiveness. The results showed that China＇s soybean futures market can be considered as weak effectiveness, and there is still much space for improvement. From perfecting spot main body construction, perfecting futures delivery system, reducing transaction cost, promoting the futures market internationalization, etc. to further strengthen the construction of the futures market, in order to ensure food security.