id	sid	tid	token	lemma	pos
fbem-313	1	1	frontiers	frontier	NOUN
fbem-313	1	2	in	in	ADP
fbem-313	1	3	business	business	NOUN
fbem-313	1	4	,	,	PUNCT
fbem-313	1	5	economics	economic	NOUN
fbem-313	1	6	and	and	CCONJ
fbem-313	1	7	management	management	NOUN
fbem-313	1	8	issn	issn	PROPN
fbem-313	1	9	:	:	PUNCT
fbem-313	1	10	2766	2766	NUM
fbem-313	1	11	-	-	PUNCT
fbem-313	1	12	824x	824x	NUM
fbem-313	1	13	|	|	ADJ
fbem-313	1	14	vol	vol	NOUN
fbem-313	1	15	.	.	PUNCT
fbem-313	2	1	3	3	NUM
fbem-313	2	2	,	,	PUNCT
fbem-313	2	3	no	no	INTJ
fbem-313	2	4	.	.	NOUN
fbem-313	2	5	3	3	NUM
fbem-313	2	6	,	,	PUNCT
fbem-313	2	7	2022	2022	NUM
fbem-313	2	8	36	36	NUM
fbem-313	2	9	research	research	NOUN
fbem-313	2	10	on	on	ADP
fbem-313	2	11	the	the	DET
fbem-313	2	12	development	development	NOUN
fbem-313	2	13	course	course	NOUN
fbem-313	2	14	and	and	CCONJ
fbem-313	2	15	countermeasures	countermeasure	NOUN
fbem-313	2	16	of	of	ADP
fbem-313	2	17	chinese	chinese	ADJ
fbem-313	2	18	financial	financial	ADJ
fbem-313	2	19	derivatives	derivative	NOUN
fbem-313	2	20	market	market	NOUN
fbem-313	2	21	zesen	zesen	PROPN
fbem-313	2	22	fan	fan	PROPN
fbem-313	2	23	,	,	PUNCT
fbem-313	2	24	kaiyue	kaiyue	PROPN
fbem-313	2	25	liu	liu	PROPN
fbem-313	2	26	shenzhen	shenzhen	PROPN
fbem-313	2	27	tourism	tourism	PROPN
fbem-313	2	28	college	college	PROPN
fbem-313	2	29	,	,	PUNCT
fbem-313	2	30	jinan	jinan	PROPN
fbem-313	2	31	university	university	PROPN
fbem-313	2	32	,	,	PUNCT
fbem-313	2	33	shenzhen	shenzhen	PROPN
fbem-313	2	34	,	,	PUNCT
fbem-313	2	35	guangdong	guangdong	PROPN
fbem-313	2	36	,	,	PUNCT
fbem-313	2	37	china	china	PROPN
fbem-313	2	38	abstract	abstract	PROPN
fbem-313	2	39	:	:	PUNCT
fbem-313	2	40	with	with	ADP
fbem-313	2	41	the	the	DET
fbem-313	2	42	development	development	NOUN
fbem-313	2	43	of	of	ADP
fbem-313	2	44	times	time	NOUN
fbem-313	2	45	,	,	PUNCT
fbem-313	2	46	the	the	DET
fbem-313	2	47	trading	trading	NOUN
fbem-313	2	48	volume	volume	NOUN
fbem-313	2	49	of	of	ADP
fbem-313	2	50	financial	financial	ADJ
fbem-313	2	51	derivatives	derivative	NOUN
fbem-313	2	52	continuously	continuously	ADV
fbem-313	2	53	extend	extend	VERB
fbem-313	2	54	,	,	PUNCT
fbem-313	2	55	and	and	CCONJ
fbem-313	2	56	its	its	PRON
fbem-313	2	57	growth	growth	NOUN
fbem-313	2	58	rate	rate	NOUN
fbem-313	2	59	has	have	AUX
fbem-313	2	60	exceeded	exceed	VERB
fbem-313	2	61	that	that	PRON
fbem-313	2	62	of	of	ADP
fbem-313	2	63	traditional	traditional	ADJ
fbem-313	2	64	financial	financial	ADJ
fbem-313	2	65	products	product	NOUN
fbem-313	2	66	.	.	PUNCT
fbem-313	3	1	china	china	PROPN
fbem-313	3	2	's	's	PART
fbem-313	3	3	financial	financial	ADJ
fbem-313	3	4	derivatives	derivative	NOUN
fbem-313	3	5	market	market	NOUN
fbem-313	3	6	is	be	AUX
fbem-313	3	7	a	a	DET
fbem-313	3	8	crucial	crucial	ADJ
fbem-313	3	9	part	part	NOUN
fbem-313	3	10	of	of	ADP
fbem-313	3	11	the	the	DET
fbem-313	3	12	financial	financial	ADJ
fbem-313	3	13	system	system	NOUN
fbem-313	3	14	,	,	PUNCT
fbem-313	3	15	showing	show	VERB
fbem-313	3	16	a	a	DET
fbem-313	3	17	trend	trend	NOUN
fbem-313	3	18	of	of	ADP
fbem-313	3	19	optimized	optimize	VERB
fbem-313	3	20	development	development	NOUN
fbem-313	3	21	,	,	PUNCT
fbem-313	3	22	and	and	CCONJ
fbem-313	3	23	international	international	ADJ
fbem-313	3	24	influence	influence	NOUN
fbem-313	3	25	significantly	significantly	ADV
fbem-313	3	26	improved	improve	VERB
fbem-313	3	27	.	.	PUNCT
fbem-313	4	1	however	however	ADV
fbem-313	4	2	,	,	PUNCT
fbem-313	4	3	compared	compare	VERB
fbem-313	4	4	with	with	ADP
fbem-313	4	5	the	the	DET
fbem-313	4	6	mature	mature	ADJ
fbem-313	4	7	financial	financial	ADJ
fbem-313	4	8	market	market	NOUN
fbem-313	4	9	abroad	abroad	ADV
fbem-313	4	10	,	,	PUNCT
fbem-313	4	11	there	there	PRON
fbem-313	4	12	are	be	VERB
fbem-313	4	13	still	still	ADV
fbem-313	4	14	many	many	ADJ
fbem-313	4	15	problems	problem	NOUN
fbem-313	4	16	in	in	ADP
fbem-313	4	17	china	china	PROPN
fbem-313	4	18	's	's	PART
fbem-313	4	19	financial	financial	ADJ
fbem-313	4	20	derivatives	derivative	NOUN
fbem-313	4	21	market	market	NOUN
fbem-313	4	22	.	.	PUNCT
fbem-313	5	1	the	the	DET
fbem-313	5	2	paper	paper	NOUN
fbem-313	5	3	analyzes	analyze	VERB
fbem-313	5	4	the	the	DET
fbem-313	5	5	development	development	NOUN
fbem-313	5	6	course	course	NOUN
fbem-313	5	7	and	and	CCONJ
fbem-313	5	8	problems	problem	NOUN
fbem-313	5	9	of	of	ADP
fbem-313	5	10	china	china	PROPN
fbem-313	5	11	's	's	PART
fbem-313	5	12	financial	financial	ADJ
fbem-313	5	13	derivatives	derivative	NOUN
fbem-313	5	14	market	market	NOUN
fbem-313	5	15	,	,	PUNCT
fbem-313	5	16	and	and	CCONJ
fbem-313	5	17	puts	put	VERB
fbem-313	5	18	forward	forward	ADV
fbem-313	5	19	the	the	DET
fbem-313	5	20	countermeasures	countermeasure	NOUN
fbem-313	5	21	to	to	PART
fbem-313	5	22	effectively	effectively	ADV
fbem-313	5	23	promote	promote	VERB
fbem-313	5	24	the	the	DET
fbem-313	5	25	development	development	NOUN
fbem-313	5	26	of	of	ADP
fbem-313	5	27	china	china	PROPN
fbem-313	5	28	's	's	PART
fbem-313	5	29	financial	financial	ADJ
fbem-313	5	30	derivatives	derivative	NOUN
fbem-313	5	31	market	market	NOUN
fbem-313	5	32	,	,	PUNCT
fbem-313	5	33	in	in	ADP
fbem-313	5	34	order	order	NOUN
fbem-313	5	35	to	to	PART
fbem-313	5	36	enhance	enhance	VERB
fbem-313	5	37	the	the	DET
fbem-313	5	38	competitiveness	competitiveness	NOUN
fbem-313	5	39	of	of	ADP
fbem-313	5	40	china	china	PROPN
fbem-313	5	41	's	's	PART
fbem-313	5	42	financial	financial	ADJ
fbem-313	5	43	derivatives	derivative	NOUN
fbem-313	5	44	market	market	NOUN
fbem-313	5	45	.	.	PUNCT
fbem-313	6	1	keywords	keyword	NOUN
fbem-313	6	2	:	:	PUNCT
fbem-313	6	3	financial	financial	ADJ
fbem-313	6	4	derivatives	derivative	NOUN
fbem-313	6	5	,	,	PUNCT
fbem-313	6	6	development	development	NOUN
fbem-313	6	7	course	course	NOUN
fbem-313	6	8	,	,	PUNCT
fbem-313	6	9	development	development	NOUN
fbem-313	6	10	countermeasures	countermeasure	NOUN
fbem-313	6	11	.	.	PUNCT
fbem-313	7	1	1	1	X
fbem-313	7	2	.	.	X
fbem-313	7	3	introduction	introduction	NOUN
fbem-313	7	4	from	from	ADP
fbem-313	7	5	the	the	DET
fbem-313	7	6	reform	reform	NOUN
fbem-313	7	7	and	and	CCONJ
fbem-313	7	8	opening	opening	NOUN
fbem-313	7	9	up	up	ADP
fbem-313	7	10	to	to	ADP
fbem-313	7	11	the	the	DET
fbem-313	7	12	present	present	ADJ
fbem-313	7	13	forty	forty	NUM
fbem-313	7	14	years	year	NOUN
fbem-313	7	15	,	,	PUNCT
fbem-313	7	16	china	china	PROPN
fbem-313	7	17	's	's	PART
fbem-313	7	18	financial	financial	ADJ
fbem-313	7	19	industry	industry	NOUN
fbem-313	7	20	has	have	AUX
fbem-313	7	21	made	make	VERB
fbem-313	7	22	a	a	DET
fbem-313	7	23	breakthrough	breakthrough	NOUN
fbem-313	7	24	,	,	PUNCT
fbem-313	7	25	widely	widely	ADV
fbem-313	7	26	attention	attention	NOUN
fbem-313	7	27	and	and	CCONJ
fbem-313	7	28	attention	attention	NOUN
fbem-313	7	29	.	.	PUNCT
fbem-313	8	1	the	the	DET
fbem-313	8	2	report	report	NOUN
fbem-313	8	3	to	to	ADP
fbem-313	8	4	the	the	DET
fbem-313	8	5	19th	19th	ADJ
fbem-313	8	6	national	national	ADJ
fbem-313	8	7	congress	congress	PROPN
fbem-313	8	8	of	of	ADP
fbem-313	8	9	the	the	DET
fbem-313	8	10	communist	communist	PROPN
fbem-313	8	11	party	party	PROPN
fbem-313	8	12	of	of	ADP
fbem-313	8	13	china	china	PROPN
fbem-313	8	14	calls	call	VERB
fbem-313	8	15	for	for	ADP
fbem-313	8	16	accelerating	accelerate	VERB
fbem-313	8	17	the	the	DET
fbem-313	8	18	improvement	improvement	NOUN
fbem-313	8	19	of	of	ADP
fbem-313	8	20	the	the	DET
fbem-313	8	21	socialist	socialist	ADJ
fbem-313	8	22	market	market	NOUN
fbem-313	8	23	economy	economy	NOUN
fbem-313	8	24	,	,	PUNCT
fbem-313	8	25	enhancing	enhance	VERB
fbem-313	8	26	the	the	DET
fbem-313	8	27	ability	ability	NOUN
fbem-313	8	28	of	of	ADP
fbem-313	8	29	financial	financial	ADJ
fbem-313	8	30	services	service	NOUN
fbem-313	8	31	to	to	PART
fbem-313	8	32	serve	serve	VERB
fbem-313	8	33	the	the	DET
fbem-313	8	34	real	real	ADJ
fbem-313	8	35	economy	economy	NOUN
fbem-313	8	36	,	,	PUNCT
fbem-313	8	37	increasing	increase	VERB
fbem-313	8	38	the	the	DET
fbem-313	8	39	proportion	proportion	NOUN
fbem-313	8	40	of	of	ADP
fbem-313	8	41	direct	direct	ADJ
fbem-313	8	42	financing	financing	NOUN
fbem-313	8	43	,	,	PUNCT
fbem-313	8	44	and	and	CCONJ
fbem-313	8	45	promoting	promote	VERB
fbem-313	8	46	the	the	DET
fbem-313	8	47	healthy	healthy	ADJ
fbem-313	8	48	development	development	NOUN
fbem-313	8	49	of	of	ADP
fbem-313	8	50	the	the	DET
fbem-313	8	51	multi	multi	ADJ
fbem-313	8	52	-	-	ADJ
fbem-313	8	53	tiered	tiere	VERB
fbem-313	8	54	capital	capital	NOUN
fbem-313	8	55	market	market	NOUN
fbem-313	8	56	.	.	PUNCT
fbem-313	9	1	the	the	DET
fbem-313	9	2	financial	financial	ADJ
fbem-313	9	3	derivatives	derivative	NOUN
fbem-313	9	4	market	market	NOUN
fbem-313	9	5	is	be	AUX
fbem-313	9	6	closely	closely	ADV
fbem-313	9	7	related	relate	VERB
fbem-313	9	8	to	to	ADP
fbem-313	9	9	the	the	DET
fbem-313	9	10	capital	capital	NOUN
fbem-313	9	11	market	market	NOUN
fbem-313	9	12	.	.	PUNCT
fbem-313	10	1	to	to	PART
fbem-313	10	2	promote	promote	VERB
fbem-313	10	3	the	the	DET
fbem-313	10	4	development	development	NOUN
fbem-313	10	5	of	of	ADP
fbem-313	10	6	multi	multi	ADJ
fbem-313	10	7	-	-	ADJ
fbem-313	10	8	level	level	ADJ
fbem-313	10	9	capital	capital	NOUN
fbem-313	10	10	market	market	NOUN
fbem-313	10	11	and	and	CCONJ
fbem-313	10	12	increase	increase	VERB
fbem-313	10	13	the	the	DET
fbem-313	10	14	proportion	proportion	NOUN
fbem-313	10	15	of	of	ADP
fbem-313	10	16	direct	direct	ADJ
fbem-313	10	17	financing	financing	NOUN
fbem-313	10	18	,	,	PUNCT
fbem-313	10	19	it	it	PRON
fbem-313	10	20	is	be	AUX
fbem-313	10	21	necessary	necessary	ADJ
fbem-313	10	22	to	to	PART
fbem-313	10	23	vigorously	vigorously	ADV
fbem-313	10	24	develop	develop	VERB
fbem-313	10	25	the	the	DET
fbem-313	10	26	financial	financial	ADJ
fbem-313	10	27	derivatives	derivative	NOUN
fbem-313	10	28	market	market	NOUN
fbem-313	10	29	.	.	PUNCT
fbem-313	11	1	from	from	ADP
fbem-313	11	2	the	the	DET
fbem-313	11	3	perspective	perspective	NOUN
fbem-313	11	4	of	of	ADP
fbem-313	11	5	economy	economy	NOUN
fbem-313	11	6	,	,	PUNCT
fbem-313	11	7	the	the	DET
fbem-313	11	8	competition	competition	NOUN
fbem-313	11	9	between	between	ADP
fbem-313	11	10	major	major	ADJ
fbem-313	11	11	countries	country	NOUN
fbem-313	11	12	has	have	AUX
fbem-313	11	13	been	be	AUX
fbem-313	11	14	upgraded	upgrade	VERB
fbem-313	11	15	from	from	ADP
fbem-313	11	16	the	the	DET
fbem-313	11	17	competition	competition	NOUN
fbem-313	11	18	of	of	ADP
fbem-313	11	19	global	global	ADJ
fbem-313	11	20	resources	resource	NOUN
fbem-313	11	21	and	and	CCONJ
fbem-313	11	22	market	market	NOUN
fbem-313	11	23	to	to	ADP
fbem-313	11	24	the	the	DET
fbem-313	11	25	competition	competition	NOUN
fbem-313	11	26	of	of	ADP
fbem-313	11	27	global	global	ADJ
fbem-313	11	28	capital	capital	NOUN
fbem-313	11	29	,	,	PUNCT
fbem-313	11	30	and	and	CCONJ
fbem-313	11	31	the	the	DET
fbem-313	11	32	competition	competition	NOUN
fbem-313	11	33	of	of	ADP
fbem-313	11	34	financial	financial	ADJ
fbem-313	11	35	capital	capital	NOUN
fbem-313	11	36	,	,	PUNCT
fbem-313	11	37	as	as	ADP
fbem-313	11	38	the	the	DET
fbem-313	11	39	advanced	advanced	ADJ
fbem-313	11	40	form	form	NOUN
fbem-313	11	41	of	of	ADP
fbem-313	11	42	capital	capital	NOUN
fbem-313	11	43	competition	competition	NOUN
fbem-313	11	44	,	,	PUNCT
fbem-313	11	45	has	have	AUX
fbem-313	11	46	become	become	VERB
fbem-313	11	47	the	the	DET
fbem-313	11	48	most	most	ADV
fbem-313	11	49	important	important	ADJ
fbem-313	11	50	part	part	NOUN
fbem-313	11	51	of	of	ADP
fbem-313	11	52	the	the	DET
fbem-313	11	53	economic	economic	ADJ
fbem-313	11	54	competition	competition	NOUN
fbem-313	11	55	between	between	ADP
fbem-313	11	56	major	major	ADJ
fbem-313	11	57	countries	country	NOUN
fbem-313	11	58	.	.	PUNCT
fbem-313	12	1	for	for	ADP
fbem-313	12	2	power	power	NOUN
fbem-313	12	3	,	,	PUNCT
fbem-313	12	4	financial	financial	ADJ
fbem-313	12	5	derivatives	derivative	NOUN
fbem-313	12	6	market	market	NOUN
fbem-313	12	7	successfully	successfully	ADV
fbem-313	12	8	attract	attract	VERB
fbem-313	12	9	international	international	ADJ
fbem-313	12	10	financial	financial	ADJ
fbem-313	12	11	capital	capital	NOUN
fbem-313	12	12	natural	natural	ADJ
fbem-313	12	13	advantages	advantage	NOUN
fbem-313	12	14	,	,	PUNCT
fbem-313	12	15	not	not	PART
fbem-313	12	16	only	only	ADV
fbem-313	12	17	can	can	AUX
fbem-313	12	18	promote	promote	VERB
fbem-313	12	19	employment	employment	NOUN
fbem-313	12	20	growth	growth	NOUN
fbem-313	12	21	and	and	CCONJ
fbem-313	12	22	the	the	DET
fbem-313	12	23	function	function	NOUN
fbem-313	12	24	of	of	ADP
fbem-313	12	25	the	the	DET
fbem-313	12	26	capital	capital	NOUN
fbem-313	12	27	market	market	NOUN
fbem-313	12	28	is	be	AUX
fbem-313	12	29	perfect	perfect	ADJ
fbem-313	12	30	,	,	PUNCT
fbem-313	12	31	more	more	ADV
fbem-313	12	32	can	can	AUX
fbem-313	12	33	promote	promote	VERB
fbem-313	12	34	the	the	DET
fbem-313	12	35	scale	scale	NOUN
fbem-313	12	36	of	of	ADP
fbem-313	12	37	the	the	DET
fbem-313	12	38	market	market	NOUN
fbem-313	12	39	growth	growth	NOUN
fbem-313	12	40	,	,	PUNCT
fbem-313	12	41	efficiency	efficiency	NOUN
fbem-313	12	42	and	and	CCONJ
fbem-313	12	43	innovation	innovation	NOUN
fbem-313	12	44	of	of	ADP
fbem-313	12	45	science	science	NOUN
fbem-313	12	46	and	and	CCONJ
fbem-313	12	47	technology	technology	NOUN
fbem-313	12	48	,	,	PUNCT
fbem-313	12	49	promote	promote	VERB
fbem-313	12	50	the	the	DET
fbem-313	12	51	global	global	ADJ
fbem-313	12	52	resources	resource	NOUN
fbem-313	12	53	efficient	efficient	ADJ
fbem-313	12	54	capital	capital	NOUN
fbem-313	12	55	market	market	NOUN
fbem-313	12	56	allocation	allocation	NOUN
fbem-313	12	57	in	in	ADP
fbem-313	12	58	each	each	DET
fbem-313	12	59	country	country	NOUN
fbem-313	12	60	,	,	PUNCT
fbem-313	12	61	in	in	ADP
fbem-313	12	62	order	order	NOUN
fbem-313	12	63	to	to	PART
fbem-313	12	64	maximize	maximize	VERB
fbem-313	12	65	its	its	PRON
fbem-313	12	66	own	own	ADJ
fbem-313	12	67	economic	economic	ADJ
fbem-313	12	68	strength	strength	NOUN
fbem-313	12	69	and	and	CCONJ
fbem-313	12	70	competitive	competitive	ADJ
fbem-313	12	71	position	position	NOUN
fbem-313	12	72	.	.	PUNCT
fbem-313	13	1	2	2	X
fbem-313	13	2	.	.	X
fbem-313	13	3	emergence	emergence	NOUN
fbem-313	13	4	and	and	CCONJ
fbem-313	13	5	development	development	NOUN
fbem-313	13	6	of	of	ADP
fbem-313	13	7	financial	financial	ADJ
fbem-313	13	8	derivative	derivative	ADJ
fbem-313	13	9	market	market	NOUN
fbem-313	13	10	2.1	2.1	NUM
fbem-313	13	11	.	.	PUNCT
fbem-313	14	1	emergence	emergence	NOUN
fbem-313	14	2	in	in	ADP
fbem-313	14	3	the	the	DET
fbem-313	14	4	early	early	ADJ
fbem-313	14	5	1970s	1970	NOUN
fbem-313	14	6	,	,	PUNCT
fbem-313	14	7	the	the	DET
fbem-313	14	8	bretton	bretton	PROPN
fbem-313	14	9	woods	wood	NOUN
fbem-313	14	10	system	system	NOUN
fbem-313	14	11	collapsed	collapse	VERB
fbem-313	14	12	,	,	PUNCT
fbem-313	14	13	and	and	CCONJ
fbem-313	14	14	the	the	DET
fbem-313	14	15	world	world	NOUN
fbem-313	14	16	economy	economy	NOUN
fbem-313	14	17	showed	show	VERB
fbem-313	14	18	a	a	DET
fbem-313	14	19	development	development	NOUN
fbem-313	14	20	trend	trend	NOUN
fbem-313	14	21	of	of	ADP
fbem-313	14	22	monetization	monetization	NOUN
fbem-313	14	23	,	,	PUNCT
fbem-313	14	24	financialization	financialization	NOUN
fbem-313	14	25	,	,	PUNCT
fbem-313	14	26	liberalization	liberalization	NOUN
fbem-313	14	27	and	and	CCONJ
fbem-313	14	28	integration	integration	NOUN
fbem-313	14	29	.	.	PUNCT
fbem-313	15	1	on	on	ADP
fbem-313	15	2	the	the	DET
fbem-313	15	3	one	one	NUM
fbem-313	15	4	hand	hand	NOUN
fbem-313	15	5	,	,	PUNCT
fbem-313	15	6	western	western	ADJ
fbem-313	15	7	countries	country	NOUN
fbem-313	15	8	implement	implement	VERB
fbem-313	15	9	the	the	DET
fbem-313	15	10	floating	float	VERB
fbem-313	15	11	exchange	exchange	NOUN
fbem-313	15	12	rate	rate	NOUN
fbem-313	15	13	system	system	NOUN
fbem-313	15	14	,	,	PUNCT
fbem-313	15	15	and	and	CCONJ
fbem-313	15	16	the	the	DET
fbem-313	15	17	interest	interest	NOUN
fbem-313	15	18	rate	rate	NOUN
fbem-313	15	19	gradually	gradually	ADV
fbem-313	15	20	rises	rise	VERB
fbem-313	15	21	.	.	PUNCT
fbem-313	16	1	the	the	DET
fbem-313	16	2	two	two	NUM
fbem-313	16	3	oil	oil	NOUN
fbem-313	16	4	crises	crisis	NOUN
fbem-313	16	5	accelerated	accelerate	VERB
fbem-313	16	6	the	the	DET
fbem-313	16	7	frequent	frequent	ADJ
fbem-313	16	8	interest	interest	NOUN
fbem-313	16	9	rate	rate	NOUN
fbem-313	16	10	changes	change	NOUN
fbem-313	16	11	,	,	PUNCT
fbem-313	16	12	and	and	CCONJ
fbem-313	16	13	participants	participant	NOUN
fbem-313	16	14	in	in	ADP
fbem-313	16	15	the	the	DET
fbem-313	16	16	financial	financial	ADJ
fbem-313	16	17	market	market	NOUN
fbem-313	16	18	were	be	AUX
fbem-313	16	19	exposed	expose	VERB
fbem-313	16	20	to	to	ADP
fbem-313	16	21	the	the	DET
fbem-313	16	22	risk	risk	NOUN
fbem-313	16	23	of	of	ADP
fbem-313	16	24	high	high	ADJ
fbem-313	16	25	interest	interest	NOUN
fbem-313	16	26	rate	rate	NOUN
fbem-313	16	27	.	.	PUNCT
fbem-313	17	1	organization	organization	NOUN
fbem-313	17	2	of	of	ADP
fbem-313	17	3	petroleum	petroleum	NOUN
fbem-313	17	4	exporting	export	VERB
fbem-313	17	5	countries	country	NOUN
fbem-313	17	6	twice	twice	ADV
fbem-313	17	7	sharply	sharply	ADV
fbem-313	17	8	raised	raise	VERB
fbem-313	17	9	oil	oil	NOUN
fbem-313	17	10	prices	price	NOUN
fbem-313	17	11	,	,	PUNCT
fbem-313	17	12	triggering	trigger	VERB
fbem-313	17	13	stagflation	stagflation	NOUN
fbem-313	17	14	in	in	ADP
fbem-313	17	15	western	western	ADJ
fbem-313	17	16	economies	economy	NOUN
fbem-313	17	17	and	and	CCONJ
fbem-313	17	18	sending	send	VERB
fbem-313	17	19	the	the	DET
fbem-313	17	20	average	average	ADJ
fbem-313	17	21	inflation	inflation	NOUN
fbem-313	17	22	rate	rate	NOUN
fbem-313	17	23	in	in	ADP
fbem-313	17	24	developed	develop	VERB
fbem-313	17	25	countries	country	NOUN
fbem-313	17	26	straight	straight	ADV
fbem-313	17	27	up	up	ADP
fbem-313	17	28	to	to	PART
fbem-313	17	29	12.3	12.3	NUM
fbem-313	17	30	%	%	NOUN
fbem-313	17	31	.	.	PUNCT
fbem-313	18	1	in	in	ADP
fbem-313	18	2	the	the	DET
fbem-313	18	3	face	face	NOUN
fbem-313	18	4	of	of	ADP
fbem-313	18	5	the	the	DET
fbem-313	18	6	impact	impact	NOUN
fbem-313	18	7	of	of	ADP
fbem-313	18	8	oil	oil	NOUN
fbem-313	18	9	and	and	CCONJ
fbem-313	18	10	the	the	DET
fbem-313	18	11	european	european	PROPN
fbem-313	18	12	euro	euro	PROPN
fbem-313	18	13	,	,	PUNCT
fbem-313	18	14	capital	capital	NOUN
fbem-313	18	15	flows	flow	VERB
fbem-313	18	16	to	to	PART
fbem-313	18	17	and	and	CCONJ
fbem-313	18	18	from	from	ADP
fbem-313	18	19	various	various	ADJ
fbem-313	18	20	countries	country	NOUN
fbem-313	18	21	under	under	ADP
fbem-313	18	22	the	the	DET
fbem-313	18	23	control	control	NOUN
fbem-313	18	24	of	of	ADP
fbem-313	18	25	market	market	NOUN
fbem-313	18	26	forces	force	NOUN
fbem-313	18	27	,	,	PUNCT
fbem-313	18	28	transnational	transnational	ADJ
fbem-313	18	29	liquidity	liquidity	NOUN
fbem-313	18	30	is	be	AUX
fbem-313	18	31	constantly	constantly	ADV
fbem-313	18	32	enhanced	enhance	VERB
fbem-313	18	33	,	,	PUNCT
fbem-313	18	34	the	the	DET
fbem-313	18	35	exchange	exchange	NOUN
fbem-313	18	36	rate	rate	NOUN
fbem-313	18	37	between	between	ADP
fbem-313	18	38	different	different	ADJ
fbem-313	18	39	currencies	currency	NOUN
fbem-313	18	40	fluctuates	fluctuate	VERB
fbem-313	18	41	violently	violently	ADV
fbem-313	18	42	,	,	PUNCT
fbem-313	18	43	and	and	CCONJ
fbem-313	18	44	the	the	DET
fbem-313	18	45	risk	risk	NOUN
fbem-313	18	46	of	of	ADP
fbem-313	18	47	international	international	ADJ
fbem-313	18	48	trade	trade	NOUN
fbem-313	18	49	and	and	CCONJ
fbem-313	18	50	investment	investment	NOUN
fbem-313	18	51	increases	increase	NOUN
fbem-313	18	52	sharply	sharply	ADV
fbem-313	18	53	.	.	PUNCT
fbem-313	19	1	on	on	ADP
fbem-313	19	2	the	the	DET
fbem-313	19	3	other	other	ADJ
fbem-313	19	4	hand	hand	NOUN
fbem-313	19	5	,	,	PUNCT
fbem-313	19	6	the	the	DET
fbem-313	19	7	drastic	drastic	ADJ
fbem-313	19	8	fluctuation	fluctuation	NOUN
fbem-313	19	9	of	of	ADP
fbem-313	19	10	financial	financial	ADJ
fbem-313	19	11	commodity	commodity	NOUN
fbem-313	19	12	prices	price	NOUN
fbem-313	19	13	makes	make	VERB
fbem-313	19	14	the	the	DET
fbem-313	19	15	global	global	ADJ
fbem-313	19	16	capital	capital	NOUN
fbem-313	19	17	market	market	NOUN
fbem-313	19	18	and	and	CCONJ
fbem-313	19	19	financial	financial	ADJ
fbem-313	19	20	institutions	institution	NOUN
fbem-313	19	21	unable	unable	ADJ
fbem-313	19	22	to	to	PART
fbem-313	19	23	avoid	avoid	VERB
fbem-313	19	24	risks	risk	NOUN
fbem-313	19	25	only	only	ADV
fbem-313	19	26	through	through	ADP
fbem-313	19	27	traditional	traditional	ADJ
fbem-313	19	28	financial	financial	ADJ
fbem-313	19	29	instruments	instrument	NOUN
fbem-313	19	30	,	,	PUNCT
fbem-313	19	31	and	and	CCONJ
fbem-313	19	32	financial	financial	ADJ
fbem-313	19	33	institutions	institution	NOUN
fbem-313	19	34	urgently	urgently	ADV
fbem-313	19	35	need	need	VERB
fbem-313	19	36	new	new	ADJ
fbem-313	19	37	financial	financial	ADJ
fbem-313	19	38	instruments	instrument	NOUN
fbem-313	19	39	to	to	PART
fbem-313	19	40	avoid	avoid	VERB
fbem-313	19	41	risks.[1	risks.[1	ADV
fbem-313	19	42	]	]	PUNCT
fbem-313	19	43	in	in	ADP
fbem-313	19	44	1972	1972	NUM
fbem-313	19	45	,	,	PUNCT
fbem-313	19	46	the	the	DET
fbem-313	19	47	chicago	chicago	PROPN
fbem-313	19	48	mercantile	mercantile	PROPN
fbem-313	19	49	exchange	exchange	PROPN
fbem-313	19	50	of	of	ADP
fbem-313	19	51	the	the	DET
fbem-313	19	52	united	united	PROPN
fbem-313	19	53	states	states	PROPN
fbem-313	19	54	launched	launch	VERB
fbem-313	19	55	the	the	DET
fbem-313	19	56	first	first	ADJ
fbem-313	19	57	financial	financial	ADJ
fbem-313	19	58	derivative	derivative	ADJ
fbem-313	19	59	contract	contract	NOUN
fbem-313	19	60	foreign	foreign	ADJ
fbem-313	19	61	exchange	exchange	NOUN
fbem-313	19	62	futures	future	NOUN
fbem-313	19	63	contract	contract	NOUN
fbem-313	19	64	.	.	PUNCT
fbem-313	20	1	futures	future	NOUN
fbem-313	20	2	,	,	PUNCT
fbem-313	20	3	options	option	NOUN
fbem-313	20	4	and	and	CCONJ
fbem-313	20	5	swaps	swap	NOUN
fbem-313	20	6	as	as	ADP
fbem-313	20	7	the	the	DET
fbem-313	20	8	main	main	ADJ
fbem-313	20	9	financial	financial	ADJ
fbem-313	20	10	derivatives	derivative	NOUN
fbem-313	20	11	came	come	VERB
fbem-313	20	12	into	into	ADP
fbem-313	20	13	being	being	NOUN
fbem-313	20	14	.	.	PUNCT
fbem-313	21	1	2.2	2.2	NUM
fbem-313	21	2	.	.	PUNCT
fbem-313	21	3	development	development	NOUN
fbem-313	21	4	by	by	ADP
fbem-313	21	5	the	the	DET
fbem-313	21	6	1980s	1980	NOUN
fbem-313	21	7	,	,	PUNCT
fbem-313	21	8	western	western	ADJ
fbem-313	21	9	developed	develop	VERB
fbem-313	21	10	countries	country	NOUN
fbem-313	21	11	continued	continue	VERB
fbem-313	21	12	to	to	PART
fbem-313	21	13	relax	relax	VERB
fbem-313	21	14	financial	financial	ADJ
fbem-313	21	15	regulation	regulation	NOUN
fbem-313	21	16	,	,	PUNCT
fbem-313	21	17	and	and	CCONJ
fbem-313	21	18	price	price	NOUN
fbem-313	21	19	fluctuations	fluctuation	NOUN
fbem-313	21	20	such	such	ADJ
fbem-313	21	21	as	as	ADP
fbem-313	21	22	interest	interest	NOUN
fbem-313	21	23	rates	rate	NOUN
fbem-313	21	24	and	and	CCONJ
fbem-313	21	25	exchange	exchange	NOUN
fbem-313	21	26	rates	rate	NOUN
fbem-313	21	27	became	become	VERB
fbem-313	21	28	more	more	ADV
fbem-313	21	29	frequent	frequent	ADJ
fbem-313	21	30	,	,	PUNCT
fbem-313	21	31	and	and	CCONJ
fbem-313	21	32	investors	investor	NOUN
fbem-313	21	33	'	'	PART
fbem-313	21	34	requirements	requirement	NOUN
fbem-313	21	35	for	for	ADP
fbem-313	21	36	avoiding	avoid	VERB
fbem-313	21	37	risks	risk	NOUN
fbem-313	21	38	were	be	AUX
fbem-313	21	39	further	far	ADV
fbem-313	21	40	expanded	expand	VERB
fbem-313	21	41	.	.	PUNCT
fbem-313	22	1	as	as	SCONJ
fbem-313	22	2	the	the	DET
fbem-313	22	3	change	change	NOUN
fbem-313	22	4	of	of	ADP
fbem-313	22	5	investor	investor	NOUN
fbem-313	22	6	risk	risk	NOUN
fbem-313	22	7	appetite	appetite	NOUN
fbem-313	22	8	and	and	CCONJ
fbem-313	22	9	exposure	exposure	NOUN
fbem-313	22	10	,	,	PUNCT
fbem-313	22	11	currency	currency	NOUN
fbem-313	22	12	futures	future	NOUN
fbem-313	22	13	,	,	PUNCT
fbem-313	22	14	interest	interest	NOUN
fbem-313	22	15	rate	rate	NOUN
fbem-313	22	16	futures	future	NOUN
fbem-313	22	17	and	and	CCONJ
fbem-313	22	18	stock	stock	NOUN
fbem-313	22	19	index	index	NOUN
fbem-313	22	20	futures	future	NOUN
fbem-313	22	21	and	and	CCONJ
fbem-313	22	22	futures	future	NOUN
fbem-313	22	23	products	product	NOUN
fbem-313	22	24	and	and	CCONJ
fbem-313	22	25	corresponding	correspond	VERB
fbem-313	22	26	development	development	NOUN
fbem-313	22	27	swaps	swap	NOUN
fbem-313	22	28	to	to	PART
fbem-313	22	29	appear	appear	VERB
fbem-313	22	30	a	a	DET
fbem-313	22	31	variety	variety	NOUN
fbem-313	22	32	of	of	ADP
fbem-313	22	33	options	option	NOUN
fbem-313	22	34	,	,	PUNCT
fbem-313	22	35	for	for	SCONJ
fbem-313	22	36	investors	investor	NOUN
fbem-313	22	37	to	to	PART
fbem-313	22	38	trade	trade	VERB
fbem-313	22	39	and	and	CCONJ
fbem-313	22	40	management	management	NOUN
fbem-313	22	41	of	of	ADP
fbem-313	22	42	various	various	ADJ
fbem-313	22	43	risks	risk	NOUN
fbem-313	22	44	provides	provide	VERB
fbem-313	22	45	effective	effective	ADJ
fbem-313	22	46	hedging	hedging	NOUN
fbem-313	22	47	tool	tool	NOUN
fbem-313	22	48	,	,	PUNCT
fbem-313	22	49	as	as	ADP
fbem-313	22	50	a	a	DET
fbem-313	22	51	new	new	ADJ
fbem-313	22	52	means	mean	NOUN
fbem-313	22	53	of	of	ADP
fbem-313	22	54	risk	risk	NOUN
fbem-313	22	55	management	management	NOUN
fbem-313	22	56	,	,	PUNCT
fbem-313	22	57	financial	financial	ADJ
fbem-313	22	58	derivatives	derivative	NOUN
fbem-313	22	59	market	market	NOUN
fbem-313	22	60	scale	scale	NOUN
fbem-313	22	61	expands	expand	VERB
fbem-313	22	62	unceasingly	unceasingly	ADV
fbem-313	22	63	.	.	PUNCT
fbem-313	23	1	at	at	ADP
fbem-313	23	2	the	the	DET
fbem-313	23	3	same	same	ADJ
fbem-313	23	4	time	time	NOUN
fbem-313	23	5	,	,	PUNCT
fbem-313	23	6	countries	country	NOUN
fbem-313	23	7	carried	carry	VERB
fbem-313	23	8	out	out	ADP
fbem-313	23	9	financial	financial	ADJ
fbem-313	23	10	liberalization	liberalization	NOUN
fbem-313	23	11	measures	measure	NOUN
fbem-313	23	12	,	,	PUNCT
fbem-313	23	13	the	the	DET
fbem-313	23	14	global	global	ADJ
fbem-313	23	15	financial	financial	ADJ
fbem-313	23	16	competition	competition	NOUN
fbem-313	23	17	environment	environment	NOUN
fbem-313	23	18	was	be	AUX
fbem-313	23	19	very	very	ADV
fbem-313	23	20	loose	loose	ADJ
fbem-313	23	21	,	,	PUNCT
fbem-313	23	22	financial	financial	ADJ
fbem-313	23	23	derivatives	derivative	NOUN
fbem-313	23	24	market	market	NOUN
fbem-313	23	25	in	in	ADP
fbem-313	23	26	this	this	DET
fbem-313	23	27	period	period	NOUN
fbem-313	23	28	of	of	ADP
fbem-313	23	29	rapid	rapid	ADJ
fbem-313	23	30	development	development	NOUN
fbem-313	23	31	.	.	PUNCT
fbem-313	24	1	37	37	NUM
fbem-313	24	2	3	3	NUM
fbem-313	24	3	.	.	PUNCT
fbem-313	24	4	development	development	NOUN
fbem-313	24	5	course	course	NOUN
fbem-313	24	6	of	of	ADP
fbem-313	24	7	chinese	chinese	ADJ
fbem-313	24	8	financial	financial	ADJ
fbem-313	24	9	derivative	derivative	ADJ
fbem-313	24	10	market	market	NOUN
fbem-313	24	11	in	in	ADP
fbem-313	24	12	the	the	DET
fbem-313	24	13	early	early	ADJ
fbem-313	24	14	1990s	1990	NOUN
fbem-313	24	15	,	,	PUNCT
fbem-313	24	16	zhengzhou	zhengzhou	PROPN
fbem-313	24	17	grain	grain	NOUN
fbem-313	24	18	wholesale	wholesale	ADJ
fbem-313	24	19	market	market	NOUN
fbem-313	24	20	mainly	mainly	ADV
fbem-313	24	21	used	use	VERB
fbem-313	24	22	spot	spot	NOUN
fbem-313	24	23	goods	good	NOUN
fbem-313	24	24	and	and	CCONJ
fbem-313	24	25	began	begin	VERB
fbem-313	24	26	to	to	PART
fbem-313	24	27	introduce	introduce	VERB
fbem-313	24	28	futures	future	NOUN
fbem-313	24	29	trading	trading	NOUN
fbem-313	24	30	mechanism	mechanism	NOUN
fbem-313	24	31	.	.	PUNCT
fbem-313	25	1	this	this	PRON
fbem-313	25	2	is	be	AUX
fbem-313	25	3	the	the	DET
fbem-313	25	4	earliest	early	ADJ
fbem-313	25	5	financial	financial	ADJ
fbem-313	25	6	derivative	derivative	NOUN
fbem-313	25	7	in	in	ADP
fbem-313	25	8	china	china	PROPN
fbem-313	25	9	.	.	PUNCT
fbem-313	26	1	from	from	ADP
fbem-313	26	2	then	then	ADV
fbem-313	26	3	on	on	ADV
fbem-313	26	4	,	,	PUNCT
fbem-313	26	5	all	all	DET
fbem-313	26	6	kinds	kind	NOUN
fbem-313	26	7	of	of	ADP
fbem-313	26	8	domestic	domestic	ADJ
fbem-313	26	9	exchanges	exchange	NOUN
fbem-313	26	10	were	be	AUX
fbem-313	26	11	established	establish	VERB
fbem-313	26	12	rapidly	rapidly	ADV
fbem-313	26	13	,	,	PUNCT
fbem-313	26	14	once	once	ADV
fbem-313	26	15	more	more	ADJ
fbem-313	26	16	than	than	ADP
fbem-313	26	17	50	50	NUM
fbem-313	26	18	,	,	PUNCT
fbem-313	26	19	futures	future	NOUN
fbem-313	26	20	brokerage	brokerage	NOUN
fbem-313	26	21	institutions	institution	NOUN
fbem-313	26	22	reached	reach	VERB
fbem-313	26	23	more	more	ADJ
fbem-313	26	24	than	than	ADP
fbem-313	26	25	1000	1000	NUM
fbem-313	26	26	,	,	PUNCT
fbem-313	26	27	financial	financial	ADJ
fbem-313	26	28	derivatives	derivative	NOUN
fbem-313	26	29	were	be	AUX
fbem-313	26	30	vigorously	vigorously	ADV
fbem-313	26	31	pursued	pursue	VERB
fbem-313	26	32	.	.	PUNCT
fbem-313	27	1	however	however	ADV
fbem-313	27	2	,	,	PUNCT
fbem-313	27	3	the	the	DET
fbem-313	27	4	market	market	NOUN
fbem-313	27	5	environment	environment	NOUN
fbem-313	27	6	at	at	ADP
fbem-313	27	7	that	that	DET
fbem-313	27	8	time	time	NOUN
fbem-313	27	9	was	be	AUX
fbem-313	27	10	extremely	extremely	ADV
fbem-313	27	11	immature	immature	ADJ
fbem-313	27	12	.	.	PUNCT
fbem-313	28	1	there	there	PRON
fbem-313	28	2	was	be	VERB
fbem-313	28	3	no	no	DET
fbem-313	28	4	clear	clear	ADJ
fbem-313	28	5	administrative	administrative	ADJ
fbem-313	28	6	department	department	NOUN
fbem-313	28	7	in	in	ADP
fbem-313	28	8	the	the	DET
fbem-313	28	9	market	market	NOUN
fbem-313	28	10	,	,	PUNCT
fbem-313	28	11	the	the	DET
fbem-313	28	12	supporting	support	VERB
fbem-313	28	13	laws	law	NOUN
fbem-313	28	14	and	and	CCONJ
fbem-313	28	15	regulations	regulation	NOUN
fbem-313	28	16	were	be	AUX
fbem-313	28	17	seriously	seriously	ADV
fbem-313	28	18	lagging	lag	VERB
fbem-313	28	19	behind	behind	ADV
fbem-313	28	20	,	,	PUNCT
fbem-313	28	21	and	and	CCONJ
fbem-313	28	22	the	the	DET
fbem-313	28	23	financial	financial	ADJ
fbem-313	28	24	knowledge	knowledge	NOUN
fbem-313	28	25	of	of	ADP
fbem-313	28	26	market	market	NOUN
fbem-313	28	27	participants	participant	NOUN
fbem-313	28	28	was	be	AUX
fbem-313	28	29	quite	quite	ADV
fbem-313	28	30	lacking	lacking	ADJ
fbem-313	28	31	.	.	PUNCT
fbem-313	29	1	the	the	DET
fbem-313	29	2	frequent	frequent	ADJ
fbem-313	29	3	occurrence	occurrence	NOUN
fbem-313	29	4	of	of	ADP
fbem-313	29	5	illegal	illegal	ADJ
fbem-313	29	6	speculation	speculation	NOUN
fbem-313	29	7	caused	cause	VERB
fbem-313	29	8	a	a	DET
fbem-313	29	9	series	series	NOUN
fbem-313	29	10	of	of	ADP
fbem-313	29	11	economic	economic	ADJ
fbem-313	29	12	disputes	dispute	NOUN
fbem-313	29	13	and	and	CCONJ
fbem-313	29	14	social	social	ADJ
fbem-313	29	15	problems	problem	NOUN
fbem-313	29	16	,	,	PUNCT
fbem-313	29	17	and	and	CCONJ
fbem-313	29	18	the	the	DET
fbem-313	29	19	derivative	derivative	ADJ
fbem-313	29	20	market	market	NOUN
fbem-313	29	21	was	be	AUX
fbem-313	29	22	stagnant	stagnant	ADJ
fbem-313	29	23	for	for	ADP
fbem-313	29	24	a	a	DET
fbem-313	29	25	time	time	NOUN
fbem-313	29	26	.	.	PUNCT
fbem-313	30	1	in	in	ADP
fbem-313	30	2	2006	2006	NUM
fbem-313	30	3	,	,	PUNCT
fbem-313	30	4	located	locate	VERB
fbem-313	30	5	in	in	ADP
fbem-313	30	6	shanghai	shanghai	PROPN
fbem-313	30	7	china	china	PROPN
fbem-313	30	8	financial	financial	PROPN
fbem-313	30	9	futures	futures	PROPN
fbem-313	30	10	exchange	exchange	NOUN
fbem-313	30	11	,	,	PUNCT
fbem-313	30	12	with	with	ADP
fbem-313	30	13	the	the	DET
fbem-313	30	14	development	development	NOUN
fbem-313	30	15	of	of	ADP
fbem-313	30	16	economy	economy	NOUN
fbem-313	30	17	and	and	CCONJ
fbem-313	30	18	the	the	DET
fbem-313	30	19	change	change	NOUN
fbem-313	30	20	of	of	ADP
fbem-313	30	21	market	market	NOUN
fbem-313	30	22	environment	environment	NOUN
fbem-313	30	23	,	,	PUNCT
fbem-313	30	24	all	all	DET
fbem-313	30	25	kinds	kind	NOUN
fbem-313	30	26	of	of	ADP
fbem-313	30	27	financial	financial	ADJ
fbem-313	30	28	derivatives	derivative	NOUN
fbem-313	30	29	business	business	NOUN
fbem-313	30	30	has	have	AUX
fbem-313	30	31	increased	increase	VERB
fbem-313	30	32	dramatically	dramatically	ADV
fbem-313	30	33	,	,	PUNCT
fbem-313	30	34	established	establish	VERB
fbem-313	30	35	under	under	ADP
fbem-313	30	36	the	the	DET
fbem-313	30	37	government	government	NOUN
fbem-313	30	38	leading	lead	VERB
fbem-313	30	39	to	to	PART
fbem-313	30	40	promote	promote	VERB
fbem-313	30	41	for	for	ADP
fbem-313	30	42	the	the	DET
fbem-313	30	43	purpose	purpose	NOUN
fbem-313	30	44	of	of	ADP
fbem-313	30	45	"	"	PUNCT
fbem-313	30	46	service	service	NOUN
fbem-313	30	47	economy	economy	NOUN
fbem-313	30	48	"	"	PUNCT
fbem-313	30	49	,	,	PUNCT
fbem-313	30	50	including	include	VERB
fbem-313	30	51	"	"	PUNCT
fbem-313	30	52	transmission	transmission	NOUN
fbem-313	30	53	"	"	PUNCT
fbem-313	30	54	regulatory	regulatory	ADJ
fbem-313	30	55	mode	mode	NOUN
fbem-313	30	56	,	,	PUNCT
fbem-313	30	57	the	the	DET
fbem-313	30	58	"	"	PUNCT
fbem-313	30	59	five	five	NUM
fbem-313	30	60	one	one	NUM
fbem-313	30	61	"	"	PUNCT
fbem-313	30	62	regulatory	regulatory	ADJ
fbem-313	30	63	system	system	NOUN
fbem-313	30	64	,	,	PUNCT
fbem-313	30	65	the	the	DET
fbem-313	30	66	corresponding	correspond	VERB
fbem-313	30	67	laws	law	NOUN
fbem-313	30	68	,	,	PUNCT
fbem-313	30	69	regulations	regulation	NOUN
fbem-313	30	70	and	and	CCONJ
fbem-313	30	71	supervision	supervision	NOUN
fbem-313	30	72	system	system	NOUN
fbem-313	30	73	have	have	AUX
fbem-313	30	74	been	be	AUX
fbem-313	30	75	constantly	constantly	ADV
fbem-313	30	76	improved	improve	VERB
fbem-313	30	77	,	,	PUNCT
fbem-313	30	78	forming	form	VERB
fbem-313	30	79	a	a	DET
fbem-313	30	80	unique	unique	ADJ
fbem-313	30	81	supervision	supervision	NOUN
fbem-313	30	82	concept	concept	NOUN
fbem-313	30	83	and	and	CCONJ
fbem-313	30	84	system	system	NOUN
fbem-313	30	85	.	.	PUNCT
fbem-313	31	1	since	since	SCONJ
fbem-313	31	2	2012	2012	NUM
fbem-313	31	3	,	,	PUNCT
fbem-313	31	4	china	china	PROPN
fbem-313	31	5	has	have	AUX
fbem-313	31	6	successively	successively	ADV
fbem-313	31	7	launched	launch	VERB
fbem-313	31	8	commodity	commodity	NOUN
fbem-313	31	9	futures	future	NOUN
fbem-313	31	10	such	such	ADJ
fbem-313	31	11	as	as	ADP
fbem-313	31	12	crude	crude	ADJ
fbem-313	31	13	oil	oil	NOUN
fbem-313	31	14	,	,	PUNCT
fbem-313	31	15	rubber	rubber	NOUN
fbem-313	31	16	and	and	CCONJ
fbem-313	31	17	gold	gold	NOUN
fbem-313	31	18	,	,	PUNCT
fbem-313	31	19	followed	follow	VERB
fbem-313	31	20	by	by	ADP
fbem-313	31	21	stock	stock	NOUN
fbem-313	31	22	index	index	NOUN
fbem-313	31	23	futures	future	NOUN
fbem-313	31	24	,	,	PUNCT
fbem-313	31	25	treasury	treasury	NOUN
fbem-313	31	26	bond	bond	NOUN
fbem-313	31	27	futures	future	NOUN
fbem-313	31	28	and	and	CCONJ
fbem-313	31	29	foreign	foreign	ADJ
fbem-313	31	30	exchange	exchange	NOUN
fbem-313	31	31	futures	future	NOUN
fbem-313	31	32	.	.	PUNCT
fbem-313	32	1	so	so	ADV
fbem-313	32	2	far	far	ADV
fbem-313	32	3	,	,	PUNCT
fbem-313	32	4	china	china	PROPN
fbem-313	32	5	has	have	AUX
fbem-313	32	6	listed	list	VERB
fbem-313	32	7	more	more	ADJ
fbem-313	32	8	than	than	ADP
fbem-313	32	9	70	70	NUM
fbem-313	32	10	futures	future	NOUN
fbem-313	32	11	and	and	CCONJ
fbem-313	32	12	options	option	NOUN
fbem-313	32	13	,	,	PUNCT
fbem-313	32	14	covering	cover	VERB
fbem-313	32	15	metals	metal	NOUN
fbem-313	32	16	,	,	PUNCT
fbem-313	32	17	energy	energy	NOUN
fbem-313	32	18	,	,	PUNCT
fbem-313	32	19	agricultural	agricultural	ADJ
fbem-313	32	20	products	product	NOUN
fbem-313	32	21	and	and	CCONJ
fbem-313	32	22	other	other	ADJ
fbem-313	32	23	important	important	ADJ
fbem-313	32	24	fields	field	NOUN
fbem-313	32	25	.	.	PUNCT
fbem-313	33	1	[	[	X
fbem-313	33	2	2	2	X
fbem-313	33	3	]	]	PUNCT
fbem-313	33	4	in	in	ADP
fbem-313	33	5	recent	recent	ADJ
fbem-313	33	6	years	year	NOUN
fbem-313	33	7	,	,	PUNCT
fbem-313	33	8	china	china	PROPN
fbem-313	33	9	has	have	AUX
fbem-313	33	10	paid	pay	VERB
fbem-313	33	11	more	more	ADJ
fbem-313	33	12	and	and	CCONJ
fbem-313	33	13	more	more	ADJ
fbem-313	33	14	attention	attention	NOUN
fbem-313	33	15	to	to	ADP
fbem-313	33	16	the	the	DET
fbem-313	33	17	development	development	NOUN
fbem-313	33	18	of	of	ADP
fbem-313	33	19	financial	financial	ADJ
fbem-313	33	20	derivatives	derivative	NOUN
fbem-313	33	21	,	,	PUNCT
fbem-313	33	22	so	so	SCONJ
fbem-313	33	23	that	that	SCONJ
fbem-313	33	24	the	the	DET
fbem-313	33	25	financial	financial	ADJ
fbem-313	33	26	derivatives	derivative	NOUN
fbem-313	33	27	market	market	NOUN
fbem-313	33	28	has	have	AUX
fbem-313	33	29	achieved	achieve	VERB
fbem-313	33	30	good	good	ADJ
fbem-313	33	31	development	development	NOUN
fbem-313	33	32	.	.	PUNCT
fbem-313	34	1	in	in	ADP
fbem-313	34	2	2019	2019	NUM
fbem-313	34	3	,	,	PUNCT
fbem-313	34	4	china	china	PROPN
fbem-313	34	5	's	's	PART
fbem-313	34	6	financial	financial	ADJ
fbem-313	34	7	derivatives	derivative	NOUN
fbem-313	34	8	market	market	NOUN
fbem-313	34	9	entered	enter	VERB
fbem-313	34	10	the	the	DET
fbem-313	34	11	era	era	NOUN
fbem-313	34	12	of	of	ADP
fbem-313	34	13	options	option	NOUN
fbem-313	34	14	,	,	PUNCT
fbem-313	34	15	and	and	CCONJ
fbem-313	34	16	more	more	ADJ
fbem-313	34	17	than	than	ADP
fbem-313	34	18	3,700	3,700	NUM
fbem-313	34	19	listed	list	VERB
fbem-313	34	20	companies	company	NOUN
fbem-313	34	21	landed	land	VERB
fbem-313	34	22	in	in	ADP
fbem-313	34	23	a	a	DET
fbem-313	34	24	-	-	PUNCT
fbem-313	34	25	shares	share	NOUN
fbem-313	34	26	,	,	PUNCT
fbem-313	34	27	with	with	ADP
fbem-313	34	28	a	a	DET
fbem-313	34	29	total	total	ADJ
fbem-313	34	30	market	market	NOUN
fbem-313	34	31	value	value	NOUN
fbem-313	34	32	of	of	ADP
fbem-313	34	33	more	more	ADJ
fbem-313	34	34	than	than	ADP
fbem-313	34	35	57	57	NUM
fbem-313	34	36	trillion	trillion	NUM
fbem-313	34	37	yuan	yuan	NOUN
fbem-313	34	38	.	.	PUNCT
fbem-313	35	1	on	on	ADP
fbem-313	35	2	this	this	DET
fbem-313	35	3	basis	basis	NOUN
fbem-313	35	4	,	,	PUNCT
fbem-313	35	5	the	the	DET
fbem-313	35	6	market	market	NOUN
fbem-313	35	7	value	value	NOUN
fbem-313	35	8	in	in	ADP
fbem-313	35	9	circulation	circulation	NOUN
fbem-313	35	10	exceeded	exceed	VERB
fbem-313	35	11	46	46	NUM
fbem-313	35	12	trillion	trillion	NUM
fbem-313	35	13	yuan	yuan	NOUN
fbem-313	35	14	,	,	PUNCT
fbem-313	35	15	significantly	significantly	ADV
fbem-313	35	16	higher	high	ADJ
fbem-313	35	17	than	than	ADP
fbem-313	35	18	before	before	ADV
fbem-313	35	19	.	.	PUNCT
fbem-313	36	1	[	[	X
fbem-313	36	2	3	3	X
fbem-313	36	3	]	]	PUNCT
fbem-313	36	4	in	in	ADP
fbem-313	36	5	2020	2020	NUM
fbem-313	36	6	,	,	PUNCT
fbem-313	36	7	the	the	DET
fbem-313	36	8	global	global	ADJ
fbem-313	36	9	financial	financial	ADJ
fbem-313	36	10	market	market	NOUN
fbem-313	36	11	fluctuated	fluctuate	VERB
fbem-313	36	12	violently	violently	ADV
fbem-313	36	13	under	under	ADP
fbem-313	36	14	the	the	DET
fbem-313	36	15	impact	impact	NOUN
fbem-313	36	16	of	of	ADP
fbem-313	36	17	covid-19	covid-19	PROPN
fbem-313	36	18	,	,	PUNCT
fbem-313	36	19	and	and	CCONJ
fbem-313	36	20	investors	investor	NOUN
fbem-313	36	21	'	'	PART
fbem-313	36	22	demand	demand	NOUN
fbem-313	36	23	for	for	ADP
fbem-313	36	24	hedging	hedging	NOUN
fbem-313	36	25	increased	increase	VERB
fbem-313	36	26	.	.	PUNCT
fbem-313	37	1	according	accord	VERB
fbem-313	37	2	to	to	ADP
fbem-313	37	3	the	the	DET
fbem-313	37	4	data	datum	NOUN
fbem-313	37	5	of	of	ADP
fbem-313	37	6	china	china	PROPN
fbem-313	37	7	futures	futures	PROPN
fbem-313	37	8	industry	industry	PROPN
fbem-313	37	9	association	association	PROPN
fbem-313	37	10	,	,	PUNCT
fbem-313	37	11	the	the	DET
fbem-313	37	12	turnover	turnover	NOUN
fbem-313	37	13	of	of	ADP
fbem-313	37	14	china	china	PROPN
fbem-313	37	15	's	's	PART
fbem-313	37	16	futures	future	NOUN
fbem-313	37	17	market	market	NOUN
fbem-313	37	18	in	in	ADP
fbem-313	37	19	that	that	DET
fbem-313	37	20	year	year	NOUN
fbem-313	37	21	reached	reach	VERB
fbem-313	37	22	6.153	6.153	NUM
fbem-313	37	23	billion	billion	NUM
fbem-313	37	24	lots	lot	NOUN
fbem-313	37	25	(	(	PUNCT
fbem-313	37	26	unilateral	unilateral	ADJ
fbem-313	37	27	,	,	PUNCT
fbem-313	37	28	the	the	DET
fbem-313	37	29	same	same	ADJ
fbem-313	37	30	below	below	NOUN
fbem-313	37	31	)	)	PUNCT
fbem-313	37	32	,	,	PUNCT
fbem-313	37	33	a	a	DET
fbem-313	37	34	record	record	NOUN
fbem-313	37	35	high	high	NOUN
fbem-313	37	36	,	,	PUNCT
fbem-313	37	37	and	and	CCONJ
fbem-313	37	38	the	the	DET
fbem-313	37	39	turnover	turnover	NOUN
fbem-313	37	40	reached	reach	VERB
fbem-313	37	41	437.53	437.53	NUM
fbem-313	37	42	trillion	trillion	NUM
fbem-313	37	43	yuan	yuan	NOUN
fbem-313	37	44	,	,	PUNCT
fbem-313	37	45	up	up	ADV
fbem-313	37	46	55.29	55.29	NUM
fbem-313	37	47	%	%	NOUN
fbem-313	37	48	and	and	CCONJ
fbem-313	37	49	50.56	50.56	NUM
fbem-313	37	50	%	%	NOUN
fbem-313	37	51	year	year	NOUN
fbem-313	37	52	-	-	PUNCT
fbem-313	37	53	on	on	ADP
fbem-313	37	54	-	-	PUNCT
fbem-313	37	55	year	year	NOUN
fbem-313	37	56	respectively	respectively	ADV
fbem-313	37	57	.	.	PUNCT
fbem-313	38	1	in	in	ADP
fbem-313	38	2	general	general	ADJ
fbem-313	38	3	,	,	PUNCT
fbem-313	38	4	since	since	SCONJ
fbem-313	38	5	the	the	DET
fbem-313	38	6	beginning	beginning	NOUN
fbem-313	38	7	of	of	ADP
fbem-313	38	8	the	the	DET
fbem-313	38	9	new	new	ADJ
fbem-313	38	10	century	century	NOUN
fbem-313	38	11	,	,	PUNCT
fbem-313	38	12	the	the	DET
fbem-313	38	13	transaction	transaction	NOUN
fbem-313	38	14	volume	volume	NOUN
fbem-313	38	15	and	and	CCONJ
fbem-313	38	16	trading	trading	NOUN
fbem-313	38	17	volume	volume	NOUN
fbem-313	38	18	of	of	ADP
fbem-313	38	19	china	china	PROPN
fbem-313	38	20	's	's	PART
fbem-313	38	21	futures	future	NOUN
fbem-313	38	22	market	market	NOUN
fbem-313	38	23	have	have	AUX
fbem-313	38	24	shown	show	VERB
fbem-313	38	25	a	a	DET
fbem-313	38	26	trend	trend	NOUN
fbem-313	38	27	of	of	ADP
fbem-313	38	28	rapid	rapid	ADJ
fbem-313	38	29	growth	growth	NOUN
fbem-313	38	30	(	(	PUNCT
fbem-313	38	31	figure	figure	NOUN
fbem-313	38	32	ⅰ	ⅰ	NOUN
fbem-313	38	33	)	)	PUNCT
fbem-313	38	34	.	.	PUNCT
fbem-313	39	1	although	although	SCONJ
fbem-313	39	2	it	it	PRON
fbem-313	39	3	has	have	AUX
fbem-313	39	4	fallen	fall	VERB
fbem-313	39	5	in	in	ADP
fbem-313	39	6	some	some	DET
fbem-313	39	7	years	year	NOUN
fbem-313	39	8	,	,	PUNCT
fbem-313	39	9	the	the	DET
fbem-313	39	10	development	development	NOUN
fbem-313	39	11	momentum	momentum	NOUN
fbem-313	39	12	is	be	AUX
fbem-313	39	13	still	still	ADV
fbem-313	39	14	good	good	ADJ
fbem-313	39	15	.	.	PUNCT
fbem-313	40	1	note	note	NOUN
fbem-313	40	2	:	:	PUNCT
fbem-313	41	1	the	the	DET
fbem-313	41	2	bar	bar	NOUN
fbem-313	41	3	chart	chart	NOUN
fbem-313	41	4	indicates	indicate	VERB
fbem-313	41	5	the	the	DET
fbem-313	41	6	turnover	turnover	NOUN
fbem-313	41	7	(	(	PUNCT
fbem-313	41	8	in	in	ADP
fbem-313	41	9	trillions	trillion	NOUN
fbem-313	41	10	of	of	ADP
fbem-313	41	11	yuan	yuan	NOUN
fbem-313	41	12	)	)	PUNCT
fbem-313	41	13	and	and	CCONJ
fbem-313	41	14	the	the	DET
fbem-313	41	15	line	line	NOUN
fbem-313	41	16	chart	chart	NOUN
fbem-313	41	17	indicates	indicate	VERB
fbem-313	41	18	the	the	DET
fbem-313	41	19	volume	volume	NOUN
fbem-313	41	20	(	(	PUNCT
fbem-313	41	21	in	in	ADP
fbem-313	41	22	billion	billion	NUM
fbem-313	41	23	lots	lot	NOUN
fbem-313	41	24	)	)	PUNCT
fbem-313	41	25	figure	figure	NOUN
fbem-313	41	26	1	1	NUM
fbem-313	41	27	.	.	X
fbem-313	41	28	turnover	turnover	NOUN
fbem-313	41	29	and	and	CCONJ
fbem-313	41	30	volume	volume	NOUN
fbem-313	41	31	of	of	ADP
fbem-313	41	32	china	china	PROPN
fbem-313	41	33	's	's	PART
fbem-313	41	34	futures	future	NOUN
fbem-313	41	35	market	market	NOUN
fbem-313	41	36	from	from	ADP
fbem-313	41	37	2000	2000	NUM
fbem-313	41	38	to	to	ADP
fbem-313	41	39	2020	2020	NUM
fbem-313	41	40	4	4	NUM
fbem-313	41	41	.	.	PUNCT
fbem-313	41	42	problems	problem	NOUN
fbem-313	41	43	existing	exist	VERB
fbem-313	41	44	in	in	ADP
fbem-313	41	45	china	china	PROPN
fbem-313	41	46	's	's	PART
fbem-313	41	47	financial	financial	ADJ
fbem-313	41	48	derivatives	derivative	NOUN
fbem-313	41	49	market	market	NOUN
fbem-313	41	50	china	china	PROPN
fbem-313	41	51	's	's	PART
fbem-313	41	52	financial	financial	ADJ
fbem-313	41	53	derivatives	derivative	NOUN
fbem-313	41	54	market	market	NOUN
fbem-313	41	55	is	be	AUX
fbem-313	41	56	still	still	ADV
fbem-313	41	57	far	far	ADV
fbem-313	41	58	behind	behind	ADP
fbem-313	41	59	developed	develop	VERB
fbem-313	41	60	countries	country	NOUN
fbem-313	41	61	both	both	CCONJ
fbem-313	41	62	in	in	ADP
fbem-313	41	63	terms	term	NOUN
fbem-313	41	64	of	of	ADP
fbem-313	41	65	time	time	NOUN
fbem-313	41	66	and	and	CCONJ
fbem-313	41	67	scale	scale	NOUN
fbem-313	41	68	.	.	PUNCT
fbem-313	42	1	compared	compare	VERB
fbem-313	42	2	with	with	ADP
fbem-313	42	3	the	the	DET
fbem-313	42	4	international	international	ADJ
fbem-313	42	5	market	market	NOUN
fbem-313	42	6	,	,	PUNCT
fbem-313	42	7	china	china	PROPN
fbem-313	42	8	's	's	PART
fbem-313	42	9	derivatives	derivative	NOUN
fbem-313	42	10	market	market	NOUN
fbem-313	42	11	still	still	ADV
fbem-313	42	12	has	have	VERB
fbem-313	42	13	many	many	ADJ
fbem-313	42	14	problems	problem	NOUN
fbem-313	42	15	,	,	PUNCT
fbem-313	42	16	it	it	PRON
fbem-313	42	17	is	be	AUX
fbem-313	42	18	difficult	difficult	ADJ
fbem-313	42	19	to	to	PART
fbem-313	42	20	fully	fully	ADV
fbem-313	42	21	adapt	adapt	VERB
fbem-313	42	22	to	to	ADP
fbem-313	42	23	the	the	DET
fbem-313	42	24	requirements	requirement	NOUN
fbem-313	42	25	of	of	ADP
fbem-313	42	26	high	high	ADJ
fbem-313	42	27	-	-	PUNCT
fbem-313	42	28	quality	quality	NOUN
fbem-313	42	29	economic	economic	ADJ
fbem-313	42	30	development	development	NOUN
fbem-313	42	31	.	.	PUNCT
fbem-313	43	1	although	although	SCONJ
fbem-313	43	2	in	in	ADP
fbem-313	43	3	recent	recent	ADJ
fbem-313	43	4	years	year	NOUN
fbem-313	43	5	,	,	PUNCT
fbem-313	43	6	the	the	DET
fbem-313	43	7	china	china	PROPN
fbem-313	43	8	financial	financial	PROPN
fbem-313	43	9	futures	futures	PROPN
fbem-313	43	10	exchange	exchange	PROPN
fbem-313	43	11	successively	successively	ADV
fbem-313	43	12	introduced	introduce	VERB
fbem-313	43	13	all	all	DET
fbem-313	43	14	kinds	kind	NOUN
fbem-313	43	15	of	of	ADP
fbem-313	43	16	financial	financial	ADJ
fbem-313	43	17	derivatives	derivative	NOUN
fbem-313	43	18	,	,	PUNCT
fbem-313	43	19	such	such	ADJ
fbem-313	43	20	as	as	ADP
fbem-313	43	21	the	the	DET
fbem-313	43	22	rights	right	NOUN
fbem-313	43	23	and	and	CCONJ
fbem-313	43	24	interests	interest	NOUN
fbem-313	43	25	of	of	ADP
fbem-313	43	26	the	the	DET
fbem-313	43	27	china	china	PROPN
fbem-313	43	28	securities	securities	PROPN
fbem-313	43	29	index	index	NOUN
fbem-313	43	30	300	300	NUM
fbem-313	43	31	stock	stock	NOUN
fbem-313	43	32	index	index	NOUN
fbem-313	43	33	futures	future	NOUN
fbem-313	43	34	and	and	CCONJ
fbem-313	43	35	shanghai	shanghai	PROPN
fbem-313	43	36	50	50	NUM
fbem-313	43	37	index	index	NOUN
fbem-313	43	38	futures	future	NOUN
fbem-313	43	39	,	,	PUNCT
fbem-313	43	40	interest	interest	NOUN
fbem-313	43	41	rate	rate	NOUN
fbem-313	43	42	class	class	NOUN
fbem-313	43	43	of	of	ADP
fbem-313	43	44	two	two	NUM
fbem-313	43	45	-	-	PUNCT
fbem-313	43	46	year	year	NOUN
fbem-313	43	47	,	,	PUNCT
fbem-313	43	48	five	five	NUM
fbem-313	43	49	-	-	PUNCT
fbem-313	43	50	year	year	NOUN
fbem-313	43	51	,	,	PUNCT
fbem-313	43	52	10year	10year	NUM
fbem-313	43	53	bond	bond	NOUN
fbem-313	43	54	futures	future	NOUN
fbem-313	43	55	,	,	PUNCT
fbem-313	43	56	etc	etc	X
fbem-313	43	57	.	.	X
fbem-313	43	58	,	,	PUNCT
fbem-313	43	59	but	but	CCONJ
fbem-313	43	60	our	our	PRON
fbem-313	43	61	country	country	NOUN
fbem-313	43	62	financial	financial	ADJ
fbem-313	43	63	derivatives	derivative	NOUN
fbem-313	43	64	market	market	NOUN
fbem-313	43	65	as	as	ADP
fbem-313	43	66	a	a	DET
fbem-313	43	67	whole	whole	ADJ
fbem-313	43	68	scale	scale	NOUN
fbem-313	43	69	also	also	ADV
fbem-313	43	70	significantly	significantly	ADV
fbem-313	43	71	smaller	small	ADJ
fbem-313	43	72	,	,	PUNCT
fbem-313	43	73	structure	structure	NOUN
fbem-313	43	74	imbalance	imbalance	NOUN
fbem-313	43	75	,	,	PUNCT
fbem-313	43	76	lack	lack	NOUN
fbem-313	43	77	of	of	ADP
fbem-313	43	78	innovation	innovation	NOUN
fbem-313	43	79	,	,	PUNCT
fbem-313	43	80	investors	investor	NOUN
fbem-313	43	81	structure	structure	VERB
fbem-313	43	82	to	to	PART
fbem-313	43	83	improve	improve	VERB
fbem-313	43	84	,	,	PUNCT
fbem-313	43	85	the	the	DET
fbem-313	43	86	strength	strength	NOUN
fbem-313	43	87	of	of	ADP
fbem-313	43	88	intermediary	intermediary	ADJ
fbem-313	43	89	agencies	agency	NOUN
fbem-313	43	90	needs	need	VERB
fbem-313	43	91	to	to	PART
fbem-313	43	92	be	be	AUX
fbem-313	43	93	improved	improve	VERB
fbem-313	43	94	.	.	PUNCT
fbem-313	44	1	specific	specific	ADJ
fbem-313	44	2	analysis	analysis	NOUN
fbem-313	44	3	of	of	ADP
fbem-313	44	4	the	the	DET
fbem-313	44	5	problems	problem	NOUN
fbem-313	44	6	in	in	ADP
fbem-313	44	7	china	china	PROPN
fbem-313	44	8	's	's	PART
fbem-313	44	9	financial	financial	ADJ
fbem-313	44	10	derivatives	derivative	NOUN
fbem-313	44	11	market	market	NOUN
fbem-313	44	12	is	be	AUX
fbem-313	44	13	mainly	mainly	ADV
fbem-313	44	14	reflected	reflect	VERB
fbem-313	44	15	in	in	ADP
fbem-313	44	16	the	the	DET
fbem-313	44	17	following	follow	VERB
fbem-313	44	18	three	three	NUM
fbem-313	44	19	aspects	aspect	NOUN
fbem-313	44	20	:	:	PUNCT
fbem-313	44	21	first	first	ADV
fbem-313	44	22	,	,	PUNCT
fbem-313	44	23	the	the	DET
fbem-313	44	24	market	market	NOUN
fbem-313	44	25	is	be	AUX
fbem-313	44	26	not	not	PART
fbem-313	44	27	standardized	standardize	VERB
fbem-313	44	28	enough	enough	ADV
fbem-313	44	29	.	.	PUNCT
fbem-313	45	1	the	the	DET
fbem-313	45	2	development	development	NOUN
fbem-313	45	3	of	of	ADP
fbem-313	45	4	the	the	DET
fbem-313	45	5	financial	financial	ADJ
fbem-313	45	6	derivatives	derivative	NOUN
fbem-313	45	7	market	market	NOUN
fbem-313	45	8	in	in	ADP
fbem-313	45	9	china	china	PROPN
fbem-313	45	10	has	have	AUX
fbem-313	45	11	not	not	PART
fbem-313	45	12	been	be	AUX
fbem-313	45	13	standardized	standardize	VERB
fbem-313	45	14	,	,	PUNCT
fbem-313	45	15	and	and	CCONJ
fbem-313	45	16	there	there	PRON
fbem-313	45	17	are	be	VERB
fbem-313	45	18	still	still	ADV
fbem-313	45	19	some	some	DET
fbem-313	45	20	multimanagement	multimanagement	NOUN
fbem-313	45	21	problems	problem	NOUN
fbem-313	45	22	.	.	PUNCT
fbem-313	46	1	for	for	ADP
fbem-313	46	2	example	example	NOUN
fbem-313	46	3	,	,	PUNCT
fbem-313	46	4	the	the	DET
fbem-313	46	5	csrc	csrc	NOUN
fbem-313	46	6	,	,	PUNCT
fbem-313	46	7	the	the	DET
fbem-313	46	8	ministry	ministry	PROPN
fbem-313	46	9	of	of	ADP
fbem-313	46	10	finance	finance	PROPN
fbem-313	46	11	and	and	CCONJ
fbem-313	46	12	local	local	ADJ
fbem-313	46	13	governments	government	NOUN
fbem-313	46	14	have	have	VERB
fbem-313	46	15	certain	certain	ADJ
fbem-313	46	16	management	management	NOUN
fbem-313	46	17	rights	right	NOUN
fbem-313	46	18	at	at	ADP
fbem-313	46	19	the	the	DET
fbem-313	46	20	same	same	ADJ
fbem-313	46	21	time	time	NOUN
fbem-313	46	22	.	.	PUNCT
fbem-313	47	1	although	although	SCONJ
fbem-313	47	2	china	china	PROPN
fbem-313	47	3	has	have	AUX
fbem-313	47	4	made	make	VERB
fbem-313	47	5	corresponding	corresponding	ADJ
fbem-313	47	6	exploration	exploration	NOUN
fbem-313	47	7	in	in	ADP
fbem-313	47	8	this	this	DET
fbem-313	47	9	aspect	aspect	NOUN
fbem-313	47	10	,	,	PUNCT
fbem-313	47	11	there	there	PRON
fbem-313	47	12	are	be	VERB
fbem-313	47	13	still	still	ADV
fbem-313	47	14	obvious	obvious	ADJ
fbem-313	47	15	problems	problem	NOUN
fbem-313	47	16	of	of	ADP
fbem-313	47	17	imperfect	imperfect	ADJ
fbem-313	47	18	trading	trading	NOUN
fbem-313	47	19	system	system	NOUN
fbem-313	47	20	and	and	CCONJ
fbem-313	47	21	lack	lack	NOUN
fbem-313	47	22	of	of	ADP
fbem-313	47	23	standardization	standardization	NOUN
fbem-313	47	24	of	of	ADP
fbem-313	47	25	trading	trading	NOUN
fbem-313	47	26	procedures	procedure	NOUN
fbem-313	47	27	,	,	PUNCT
fbem-313	47	28	which	which	PRON
fbem-313	47	29	have	have	VERB
fbem-313	47	30	a	a	DET
fbem-313	47	31	negative	negative	ADJ
fbem-313	47	32	impact	impact	NOUN
fbem-313	47	33	on	on	ADP
fbem-313	47	34	trading	trading	NOUN
fbem-313	47	35	activities	activity	NOUN
fbem-313	47	36	and	and	CCONJ
fbem-313	47	37	are	be	AUX
fbem-313	47	38	not	not	PART
fbem-313	47	39	conducive	conducive	ADJ
fbem-313	47	40	to	to	ADP
fbem-313	47	41	the	the	DET
fbem-313	47	42	realization	realization	NOUN
fbem-313	47	43	of	of	ADP
fbem-313	47	44	the	the	DET
fbem-313	47	45	goal	goal	NOUN
fbem-313	47	46	of	of	ADP
fbem-313	47	47	stable	stable	ADJ
fbem-313	47	48	development	development	NOUN
fbem-313	47	49	of	of	ADP
fbem-313	47	50	financial	financial	ADJ
fbem-313	47	51	derivatives	derivative	NOUN
fbem-313	47	52	.	.	PUNCT
fbem-313	48	1	[	[	X
fbem-313	48	2	4	4	NUM
fbem-313	48	3	]	]	X
fbem-313	48	4	second	second	ADJ
fbem-313	48	5	,	,	PUNCT
fbem-313	48	6	the	the	DET
fbem-313	48	7	system	system	NOUN
fbem-313	48	8	of	of	ADP
fbem-313	48	9	laws	law	NOUN
fbem-313	48	10	and	and	CCONJ
fbem-313	48	11	regulations	regulation	NOUN
fbem-313	48	12	is	be	AUX
fbem-313	48	13	not	not	PART
fbem-313	48	14	sound	sound	ADJ
fbem-313	48	15	.	.	PUNCT
fbem-313	49	1	although	although	SCONJ
fbem-313	49	2	trading	trading	NOUN
fbem-313	49	3	business	business	NOUN
fbem-313	49	4	for	for	ADP
fbem-313	49	5	financial	financial	ADJ
fbem-313	49	6	derivatives	derivative	NOUN
fbem-313	49	7	market	market	NOUN
fbem-313	49	8	in	in	ADP
fbem-313	49	9	0	0	NUM
fbem-313	49	10	10	10	NUM
fbem-313	49	11	20	20	NUM
fbem-313	49	12	30	30	NUM
fbem-313	49	13	40	40	NUM
fbem-313	49	14	50	50	NUM
fbem-313	49	15	60	60	NUM
fbem-313	49	16	70	70	NUM
fbem-313	49	17	0	0	NUM
fbem-313	49	18	100	100	NUM
fbem-313	49	19	200	200	NUM
fbem-313	49	20	300	300	NUM
fbem-313	49	21	400	400	NUM
fbem-313	49	22	500	500	NUM
fbem-313	49	23	600	600	NUM
fbem-313	49	24	38	38	NUM
fbem-313	49	25	china	china	PROPN
fbem-313	49	26	has	have	AUX
fbem-313	49	27	released	release	VERB
fbem-313	49	28	the	the	DET
fbem-313	49	29	corresponding	corresponding	ADJ
fbem-313	49	30	management	management	NOUN
fbem-313	49	31	measures	measure	NOUN
fbem-313	49	32	,	,	PUNCT
fbem-313	49	33	and	and	CCONJ
fbem-313	49	34	continuously	continuously	ADV
fbem-313	49	35	adjust	adjust	VERB
fbem-313	49	36	and	and	CCONJ
fbem-313	49	37	optimize	optimize	VERB
fbem-313	49	38	,	,	PUNCT
fbem-313	49	39	but	but	CCONJ
fbem-313	49	40	in	in	ADP
fbem-313	49	41	terms	term	NOUN
fbem-313	49	42	of	of	ADP
fbem-313	49	43	the	the	DET
fbem-313	49	44	construction	construction	NOUN
fbem-313	49	45	of	of	ADP
fbem-313	49	46	legal	legal	ADJ
fbem-313	49	47	system	system	NOUN
fbem-313	49	48	,	,	PUNCT
fbem-313	49	49	financial	financial	ADJ
fbem-313	49	50	derivatives	derivative	NOUN
fbem-313	49	51	market	market	NOUN
fbem-313	49	52	development	development	NOUN
fbem-313	49	53	still	still	ADV
fbem-313	49	54	exists	exist	VERB
fbem-313	49	55	some	some	DET
fbem-313	49	56	limitations	limitation	NOUN
fbem-313	49	57	,	,	PUNCT
fbem-313	49	58	has	have	AUX
fbem-313	49	59	not	not	PART
fbem-313	49	60	yet	yet	ADV
fbem-313	49	61	formed	form	VERB
fbem-313	49	62	under	under	ADP
fbem-313	49	63	the	the	DET
fbem-313	49	64	rule	rule	NOUN
fbem-313	49	65	of	of	ADP
fbem-313	49	66	law	law	NOUN
fbem-313	49	67	system	system	NOUN
fbem-313	49	68	,	,	PUNCT
fbem-313	49	69	the	the	DET
fbem-313	49	70	financial	financial	ADJ
fbem-313	49	71	derivatives	derivative	NOUN
fbem-313	49	72	market	market	NOUN
fbem-313	49	73	development	development	NOUN
fbem-313	49	74	has	have	AUX
fbem-313	49	75	played	play	VERB
fbem-313	49	76	a	a	DET
fbem-313	49	77	role	role	NOUN
fbem-313	49	78	.	.	PUNCT
fbem-313	50	1	third	third	ADJ
fbem-313	50	2	,	,	PUNCT
fbem-313	50	3	lack	lack	NOUN
fbem-313	50	4	of	of	ADP
fbem-313	50	5	innovation	innovation	NOUN
fbem-313	50	6	.	.	PUNCT
fbem-313	51	1	the	the	DET
fbem-313	51	2	development	development	NOUN
fbem-313	51	3	of	of	ADP
fbem-313	51	4	the	the	DET
fbem-313	51	5	financial	financial	ADJ
fbem-313	51	6	derivatives	derivative	NOUN
fbem-313	51	7	market	market	NOUN
fbem-313	51	8	requires	require	VERB
fbem-313	51	9	continuous	continuous	ADJ
fbem-313	51	10	innovation	innovation	NOUN
fbem-313	51	11	and	and	CCONJ
fbem-313	51	12	improvement	improvement	NOUN
fbem-313	51	13	of	of	ADP
fbem-313	51	14	products	product	NOUN
fbem-313	51	15	.	.	PUNCT
fbem-313	52	1	however	however	ADV
fbem-313	52	2	,	,	PUNCT
fbem-313	52	3	on	on	ADP
fbem-313	52	4	the	the	DET
fbem-313	52	5	whole	whole	NOUN
fbem-313	52	6	,	,	PUNCT
fbem-313	52	7	china	china	PROPN
fbem-313	52	8	has	have	AUX
fbem-313	52	9	not	not	PART
fbem-313	52	10	carried	carry	VERB
fbem-313	52	11	out	out	ADP
fbem-313	52	12	effective	effective	ADJ
fbem-313	52	13	innovation	innovation	NOUN
fbem-313	52	14	in	in	ADP
fbem-313	52	15	combination	combination	NOUN
fbem-313	52	16	with	with	ADP
fbem-313	52	17	the	the	DET
fbem-313	52	18	development	development	NOUN
fbem-313	52	19	needs	need	NOUN
fbem-313	52	20	of	of	ADP
fbem-313	52	21	the	the	DET
fbem-313	52	22	times	time	NOUN
fbem-313	52	23	and	and	CCONJ
fbem-313	52	24	the	the	DET
fbem-313	52	25	actual	actual	ADJ
fbem-313	52	26	needs	need	NOUN
fbem-313	52	27	of	of	ADP
fbem-313	52	28	the	the	DET
fbem-313	52	29	financial	financial	ADJ
fbem-313	52	30	industry	industry	NOUN
fbem-313	52	31	.	.	PUNCT
fbem-313	53	1	the	the	DET
fbem-313	53	2	low	low	ADJ
fbem-313	53	3	level	level	NOUN
fbem-313	53	4	of	of	ADP
fbem-313	53	5	products	product	NOUN
fbem-313	53	6	makes	make	VERB
fbem-313	53	7	it	it	PRON
fbem-313	53	8	difficult	difficult	ADJ
fbem-313	53	9	to	to	PART
fbem-313	53	10	promote	promote	VERB
fbem-313	53	11	the	the	DET
fbem-313	53	12	efficient	efficient	ADJ
fbem-313	53	13	development	development	NOUN
fbem-313	53	14	of	of	ADP
fbem-313	53	15	financial	financial	ADJ
fbem-313	53	16	derivatives	derivative	NOUN
fbem-313	53	17	,	,	PUNCT
fbem-313	53	18	and	and	CCONJ
fbem-313	53	19	the	the	DET
fbem-313	53	20	problem	problem	NOUN
fbem-313	53	21	of	of	ADP
fbem-313	53	22	restricted	restricted	ADJ
fbem-313	53	23	transactions	transaction	NOUN
fbem-313	53	24	is	be	AUX
fbem-313	53	25	serious	serious	ADJ
fbem-313	53	26	.	.	PUNCT
fbem-313	54	1	5	5	X
fbem-313	54	2	.	.	X
fbem-313	54	3	countermeasures	countermeasure	NOUN
fbem-313	54	4	for	for	ADP
fbem-313	54	5	the	the	DET
fbem-313	54	6	development	development	NOUN
fbem-313	54	7	of	of	ADP
fbem-313	54	8	china	china	PROPN
fbem-313	54	9	's	's	PART
fbem-313	54	10	financial	financial	ADJ
fbem-313	54	11	derivatives	derivative	NOUN
fbem-313	54	12	market	market	NOUN
fbem-313	54	13	to	to	PART
fbem-313	54	14	adhere	adhere	VERB
fbem-313	54	15	to	to	ADP
fbem-313	54	16	the	the	DET
fbem-313	54	17	opening	opening	NOUN
fbem-313	54	18	to	to	ADP
fbem-313	54	19	the	the	DET
fbem-313	54	20	outside	outside	ADJ
fbem-313	54	21	world	world	NOUN
fbem-313	54	22	in	in	ADP
fbem-313	54	23	our	our	PRON
fbem-313	54	24	country	country	NOUN
fbem-313	54	25	,	,	PUNCT
fbem-313	54	26	we	we	PRON
fbem-313	54	27	must	must	AUX
fbem-313	54	28	appeal	appeal	VERB
fbem-313	54	29	to	to	ADP
fbem-313	54	30	different	different	ADJ
fbem-313	54	31	risk	risk	NOUN
fbem-313	54	32	preferences	preference	NOUN
fbem-313	54	33	of	of	ADP
fbem-313	54	34	investors	investor	NOUN
fbem-313	54	35	to	to	PART
fbem-313	54	36	participate	participate	VERB
fbem-313	54	37	in	in	ADP
fbem-313	54	38	as	as	ADV
fbem-313	54	39	much	much	ADJ
fbem-313	54	40	as	as	ADP
fbem-313	54	41	possible	possible	ADJ
fbem-313	54	42	in	in	ADP
fbem-313	54	43	our	our	PRON
fbem-313	54	44	country	country	NOUN
fbem-313	54	45	's	's	PART
fbem-313	54	46	capital	capital	NOUN
fbem-313	54	47	market	market	NOUN
fbem-313	54	48	,	,	PUNCT
fbem-313	54	49	in	in	ADP
fbem-313	54	50	terms	term	NOUN
fbem-313	54	51	of	of	ADP
fbem-313	54	52	the	the	DET
fbem-313	54	53	financial	financial	ADJ
fbem-313	54	54	derivatives	derivative	NOUN
fbem-313	54	55	markets	market	NOUN
fbem-313	54	56	has	have	VERB
fbem-313	54	57	natural	natural	ADJ
fbem-313	54	58	advantages	advantage	NOUN
fbem-313	54	59	,	,	PUNCT
fbem-313	54	60	not	not	PART
fbem-313	54	61	only	only	ADV
fbem-313	54	62	can	can	AUX
fbem-313	54	63	provide	provide	VERB
fbem-313	54	64	investors	investor	NOUN
fbem-313	54	65	with	with	ADP
fbem-313	54	66	risk	risk	NOUN
fbem-313	54	67	management	management	NOUN
fbem-313	54	68	tool	tool	NOUN
fbem-313	54	69	,	,	PUNCT
fbem-313	54	70	expand	expand	VERB
fbem-313	54	71	the	the	DET
fbem-313	54	72	scale	scale	NOUN
fbem-313	54	73	of	of	ADP
fbem-313	54	74	all	all	DET
fbem-313	54	75	kinds	kind	NOUN
fbem-313	54	76	of	of	ADP
fbem-313	54	77	funds	fund	NOUN
fbem-313	54	78	to	to	PART
fbem-313	54	79	participate	participate	VERB
fbem-313	54	80	in	in	ADP
fbem-313	54	81	china	china	PROPN
fbem-313	54	82	's	's	PART
fbem-313	54	83	capital	capital	NOUN
fbem-313	54	84	market	market	NOUN
fbem-313	54	85	,	,	PUNCT
fbem-313	54	86	but	but	CCONJ
fbem-313	54	87	also	also	ADV
fbem-313	54	88	to	to	PART
fbem-313	54	89	fully	fully	ADV
fbem-313	54	90	improve	improve	VERB
fbem-313	54	91	the	the	DET
fbem-313	54	92	price	price	NOUN
fbem-313	54	93	formation	formation	NOUN
fbem-313	54	94	mechanism	mechanism	NOUN
fbem-313	54	95	,	,	PUNCT
fbem-313	54	96	by	by	ADP
fbem-313	54	97	traders	trader	NOUN
fbem-313	54	98	improve	improve	VERB
fbem-313	54	99	the	the	DET
fbem-313	54	100	quality	quality	NOUN
fbem-313	54	101	of	of	ADP
fbem-313	54	102	market	market	NOUN
fbem-313	54	103	operation	operation	NOUN
fbem-313	54	104	,	,	PUNCT
fbem-313	54	105	so	so	SCONJ
fbem-313	54	106	as	as	SCONJ
fbem-313	54	107	to	to	PART
fbem-313	54	108	reduce	reduce	VERB
fbem-313	54	109	cross	cross	ADJ
fbem-313	54	110	-	-	ADJ
fbem-313	54	111	border	border	ADJ
fbem-313	54	112	flows	flow	NOUN
fbem-313	54	113	of	of	ADP
fbem-313	54	114	international	international	ADJ
fbem-313	54	115	capital	capital	NOUN
fbem-313	54	116	in	in	ADP
fbem-313	54	117	the	the	DET
fbem-313	54	118	short	short	ADJ
fbem-313	54	119	term	term	NOUN
fbem-313	54	120	,	,	PUNCT
fbem-313	54	121	reduce	reduce	VERB
fbem-313	54	122	shortterm	shortterm	NOUN
fbem-313	54	123	fluctuations	fluctuation	NOUN
fbem-313	54	124	of	of	ADP
fbem-313	54	125	rmb	rmb	NOUN
fbem-313	54	126	exchange	exchange	NOUN
fbem-313	54	127	rate	rate	NOUN
fbem-313	54	128	,	,	PUNCT
fbem-313	54	129	and	and	CCONJ
fbem-313	54	130	enhance	enhance	VERB
fbem-313	54	131	china	china	PROPN
fbem-313	54	132	's	's	PART
fbem-313	54	133	global	global	ADJ
fbem-313	54	134	capital	capital	NOUN
fbem-313	54	135	competitive	competitive	ADJ
fbem-313	54	136	advantage	advantage	NOUN
fbem-313	54	137	.	.	PUNCT
fbem-313	55	1	based	base	VERB
fbem-313	55	2	on	on	ADP
fbem-313	55	3	the	the	DET
fbem-313	55	4	problems	problem	NOUN
fbem-313	55	5	in	in	ADP
fbem-313	55	6	the	the	DET
fbem-313	55	7	financial	financial	ADJ
fbem-313	55	8	derivatives	derivative	NOUN
fbem-313	55	9	market	market	NOUN
fbem-313	55	10	mentioned	mention	VERB
fbem-313	55	11	above	above	ADV
fbem-313	55	12	,	,	PUNCT
fbem-313	55	13	in	in	ADP
fbem-313	55	14	the	the	DET
fbem-313	55	15	new	new	ADJ
fbem-313	55	16	period	period	NOUN
fbem-313	55	17	,	,	PUNCT
fbem-313	55	18	china	china	PROPN
fbem-313	55	19	needs	need	VERB
fbem-313	55	20	to	to	PART
fbem-313	55	21	formulate	formulate	VERB
fbem-313	55	22	a	a	DET
fbem-313	55	23	sound	sound	ADJ
fbem-313	55	24	financial	financial	ADJ
fbem-313	55	25	derivatives	derivative	NOUN
fbem-313	55	26	development	development	NOUN
fbem-313	55	27	plan	plan	NOUN
fbem-313	55	28	,	,	PUNCT
fbem-313	55	29	promote	promote	VERB
fbem-313	55	30	the	the	DET
fbem-313	55	31	construction	construction	NOUN
fbem-313	55	32	of	of	ADP
fbem-313	55	33	a	a	DET
fbem-313	55	34	sound	sound	ADJ
fbem-313	55	35	management	management	NOUN
fbem-313	55	36	system	system	NOUN
fbem-313	55	37	,	,	PUNCT
fbem-313	55	38	accelerate	accelerate	VERB
fbem-313	55	39	the	the	DET
fbem-313	55	40	modernization	modernization	NOUN
fbem-313	55	41	of	of	ADP
fbem-313	55	42	financial	financial	ADJ
fbem-313	55	43	derivatives	derivative	NOUN
fbem-313	55	44	development	development	NOUN
fbem-313	55	45	process	process	NOUN
fbem-313	55	46	,	,	PUNCT
fbem-313	55	47	so	so	SCONJ
fbem-313	55	48	as	as	SCONJ
fbem-313	55	49	to	to	PART
fbem-313	55	50	create	create	VERB
fbem-313	55	51	greater	great	ADJ
fbem-313	55	52	economic	economic	ADJ
fbem-313	55	53	benefits	benefit	NOUN
fbem-313	55	54	in	in	ADP
fbem-313	55	55	the	the	DET
fbem-313	55	56	financial	financial	ADJ
fbem-313	55	57	market	market	NOUN
fbem-313	55	58	competition	competition	NOUN
fbem-313	55	59	.	.	PUNCT
fbem-313	56	1	details	detail	NOUN
fbem-313	56	2	are	be	AUX
fbem-313	56	3	as	as	SCONJ
fbem-313	56	4	follows	follow	VERB
fbem-313	56	5	:	:	PUNCT
fbem-313	56	6	5.1	5.1	NUM
fbem-313	56	7	.	.	PUNCT
fbem-313	57	1	accelerate	accelerate	VERB
fbem-313	57	2	the	the	DET
fbem-313	57	3	development	development	NOUN
fbem-313	57	4	of	of	ADP
fbem-313	57	5	financial	financial	ADJ
fbem-313	57	6	derivatives	derivative	NOUN
fbem-313	57	7	market	market	NOUN
fbem-313	57	8	in	in	ADP
fbem-313	57	9	2020	2020	NUM
fbem-313	57	10	,	,	PUNCT
fbem-313	57	11	the	the	DET
fbem-313	57	12	chinese	chinese	ADJ
fbem-313	57	13	economy	economy	NOUN
fbem-313	57	14	withstood	withstand	VERB
fbem-313	57	15	the	the	DET
fbem-313	57	16	severe	severe	ADJ
fbem-313	57	17	test	test	NOUN
fbem-313	57	18	of	of	ADP
fbem-313	57	19	the	the	DET
fbem-313	57	20	epidemic	epidemic	NOUN
fbem-313	57	21	and	and	CCONJ
fbem-313	57	22	was	be	AUX
fbem-313	57	23	the	the	DET
fbem-313	57	24	first	first	ADJ
fbem-313	57	25	to	to	PART
fbem-313	57	26	recover	recover	VERB
fbem-313	57	27	,	,	PUNCT
fbem-313	57	28	showing	show	VERB
fbem-313	57	29	the	the	DET
fbem-313	57	30	overall	overall	ADJ
fbem-313	57	31	characteristics	characteristic	NOUN
fbem-313	57	32	of	of	ADP
fbem-313	57	33	"	"	PUNCT
fbem-313	57	34	increased	increased	ADJ
fbem-313	57	35	resilience	resilience	NOUN
fbem-313	57	36	and	and	CCONJ
fbem-313	57	37	greater	great	ADJ
fbem-313	57	38	maturity	maturity	NOUN
fbem-313	57	39	"	"	PUNCT
fbem-313	57	40	.	.	PUNCT
fbem-313	58	1	rmb	rmb	NOUN
fbem-313	58	2	assets	asset	NOUN
fbem-313	58	3	have	have	AUX
fbem-313	58	4	shown	show	VERB
fbem-313	58	5	a	a	DET
fbem-313	58	6	certain	certain	ADJ
fbem-313	58	7	risk	risk	NOUN
fbem-313	58	8	-	-	PUNCT
fbem-313	58	9	averse	averse	ADJ
fbem-313	58	10	asset	asset	NOUN
fbem-313	58	11	attribute	attribute	NOUN
fbem-313	58	12	in	in	ADP
fbem-313	58	13	the	the	DET
fbem-313	58	14	world	world	NOUN
fbem-313	58	15	,	,	PUNCT
fbem-313	58	16	and	and	CCONJ
fbem-313	58	17	assets	asset	NOUN
fbem-313	58	18	denominated	denominate	VERB
fbem-313	58	19	in	in	ADP
fbem-313	58	20	rmb	rmb	PROPN
fbem-313	58	21	are	be	AUX
fbem-313	58	22	gradually	gradually	ADV
fbem-313	58	23	becoming	become	VERB
fbem-313	58	24	an	an	DET
fbem-313	58	25	important	important	ADJ
fbem-313	58	26	subject	subject	NOUN
fbem-313	58	27	of	of	ADP
fbem-313	58	28	foreign	foreign	ADJ
fbem-313	58	29	investors	investor	NOUN
fbem-313	58	30	'	'	PART
fbem-313	58	31	asset	asset	NOUN
fbem-313	58	32	allocation	allocation	NOUN
fbem-313	58	33	.	.	PUNCT
fbem-313	59	1	in	in	ADP
fbem-313	59	2	the	the	DET
fbem-313	59	3	face	face	NOUN
fbem-313	59	4	of	of	ADP
fbem-313	59	5	the	the	DET
fbem-313	59	6	favorable	favorable	ADJ
fbem-313	59	7	situation	situation	NOUN
fbem-313	59	8	of	of	ADP
fbem-313	59	9	foreign	foreign	ADJ
fbem-313	59	10	capital	capital	NOUN
fbem-313	59	11	increasing	increase	VERB
fbem-313	59	12	the	the	DET
fbem-313	59	13	allocation	allocation	NOUN
fbem-313	59	14	of	of	ADP
fbem-313	59	15	chinese	chinese	ADJ
fbem-313	59	16	assets	asset	NOUN
fbem-313	59	17	,	,	PUNCT
fbem-313	59	18	china	china	PROPN
fbem-313	59	19	must	must	AUX
fbem-313	59	20	accelerate	accelerate	VERB
fbem-313	59	21	the	the	DET
fbem-313	59	22	opening	opening	NOUN
fbem-313	59	23	of	of	ADP
fbem-313	59	24	derivatives	derivative	NOUN
fbem-313	59	25	market	market	NOUN
fbem-313	59	26	,	,	PUNCT
fbem-313	59	27	and	and	CCONJ
fbem-313	59	28	pay	pay	VERB
fbem-313	59	29	more	more	ADJ
fbem-313	59	30	attention	attention	NOUN
fbem-313	59	31	to	to	ADP
fbem-313	59	32	the	the	DET
fbem-313	59	33	in	in	ADP
fbem-313	59	34	-	-	PUNCT
fbem-313	59	35	depth	depth	NOUN
fbem-313	59	36	connection	connection	NOUN
fbem-313	59	37	between	between	ADP
fbem-313	59	38	institutional	institutional	ADJ
fbem-313	59	39	rules	rule	NOUN
fbem-313	59	40	and	and	CCONJ
fbem-313	59	41	the	the	DET
fbem-313	59	42	international	international	ADJ
fbem-313	59	43	market	market	NOUN
fbem-313	59	44	.	.	PUNCT
fbem-313	60	1	financial	financial	ADJ
fbem-313	60	2	derivatives	derivative	NOUN
fbem-313	60	3	market	market	NOUN
fbem-313	60	4	must	must	AUX
fbem-313	60	5	be	be	AUX
fbem-313	60	6	in	in	ADP
fbem-313	60	7	the	the	DET
fbem-313	60	8	form	form	NOUN
fbem-313	60	9	of	of	ADP
fbem-313	60	10	more	more	ADV
fbem-313	60	11	efficient	efficient	ADJ
fbem-313	60	12	,	,	PUNCT
fbem-313	60	13	more	more	ADJ
fbem-313	60	14	in	in	ADP
fbem-313	60	15	line	line	NOUN
fbem-313	60	16	with	with	ADP
fbem-313	60	17	international	international	ADJ
fbem-313	60	18	practice	practice	NOUN
fbem-313	60	19	,	,	PUNCT
fbem-313	60	20	strengthen	strengthen	VERB
fbem-313	60	21	the	the	DET
fbem-313	60	22	market	market	NOUN
fbem-313	60	23	system	system	NOUN
fbem-313	60	24	,	,	PUNCT
fbem-313	60	25	product	product	NOUN
fbem-313	60	26	system	system	NOUN
fbem-313	60	27	,	,	PUNCT
fbem-313	60	28	rule	rule	NOUN
fbem-313	60	29	system	system	NOUN
fbem-313	60	30	,	,	PUNCT
fbem-313	60	31	the	the	DET
fbem-313	60	32	construction	construction	NOUN
fbem-313	60	33	of	of	ADP
fbem-313	60	34	the	the	DET
fbem-313	60	35	infrastructure	infrastructure	NOUN
fbem-313	60	36	system	system	NOUN
fbem-313	60	37	,	,	PUNCT
fbem-313	60	38	create	create	VERB
fbem-313	60	39	a	a	DET
fbem-313	60	40	fair	fair	ADJ
fbem-313	60	41	,	,	PUNCT
fbem-313	60	42	transparent	transparent	ADJ
fbem-313	60	43	and	and	CCONJ
fbem-313	60	44	predictable	predictable	ADJ
fbem-313	60	45	system	system	NOUN
fbem-313	60	46	environment	environment	NOUN
fbem-313	60	47	and	and	CCONJ
fbem-313	60	48	the	the	DET
fbem-313	60	49	system	system	NOUN
fbem-313	60	50	of	of	ADP
fbem-313	60	51	rules	rule	NOUN
fbem-313	60	52	,	,	PUNCT
fbem-313	60	53	more	more	ADV
fbem-313	60	54	mature	mature	ADJ
fbem-313	60	55	institutional	institutional	ADJ
fbem-313	60	56	investors	investor	NOUN
fbem-313	60	57	and	and	CCONJ
fbem-313	60	58	foreign	foreign	ADJ
fbem-313	60	59	institutions	institution	NOUN
fbem-313	60	60	outside	outside	ADP
fbem-313	60	61	investment	investment	NOUN
fbem-313	60	62	acquisition	acquisition	NOUN
fbem-313	60	63	in	in	ADP
fbem-313	60	64	china	china	PROPN
fbem-313	60	65	.	.	PUNCT
fbem-313	61	1	5.2	5.2	NUM
fbem-313	61	2	.	.	PUNCT
fbem-313	61	3	improve	improve	VERB
fbem-313	61	4	the	the	DET
fbem-313	61	5	financial	financial	ADJ
fbem-313	61	6	supervision	supervision	NOUN
fbem-313	61	7	system	system	NOUN
fbem-313	61	8	in	in	ADP
fbem-313	61	9	the	the	DET
fbem-313	61	10	process	process	NOUN
fbem-313	61	11	of	of	ADP
fbem-313	61	12	the	the	DET
fbem-313	61	13	gradual	gradual	ADJ
fbem-313	61	14	improvement	improvement	NOUN
fbem-313	61	15	of	of	ADP
fbem-313	61	16	the	the	DET
fbem-313	61	17	financial	financial	ADJ
fbem-313	61	18	derivatives	derivative	NOUN
fbem-313	61	19	market	market	NOUN
fbem-313	61	20	,	,	PUNCT
fbem-313	61	21	not	not	PART
fbem-313	61	22	only	only	ADV
fbem-313	61	23	should	should	AUX
fbem-313	61	24	financial	financial	ADJ
fbem-313	61	25	institutions	institution	NOUN
fbem-313	61	26	be	be	AUX
fbem-313	61	27	guided	guide	VERB
fbem-313	61	28	to	to	PART
fbem-313	61	29	carry	carry	VERB
fbem-313	61	30	out	out	ADP
fbem-313	61	31	financial	financial	ADJ
fbem-313	61	32	innovation	innovation	NOUN
fbem-313	61	33	and	and	CCONJ
fbem-313	61	34	create	create	VERB
fbem-313	61	35	a	a	DET
fbem-313	61	36	relaxed	relaxed	ADJ
fbem-313	61	37	and	and	CCONJ
fbem-313	61	38	fair	fair	ADJ
fbem-313	61	39	environment	environment	NOUN
fbem-313	61	40	for	for	ADP
fbem-313	61	41	product	product	NOUN
fbem-313	61	42	innovation	innovation	NOUN
fbem-313	61	43	,	,	PUNCT
fbem-313	61	44	but	but	CCONJ
fbem-313	61	45	also	also	ADV
fbem-313	61	46	regulators	regulator	NOUN
fbem-313	61	47	should	should	AUX
fbem-313	61	48	strengthen	strengthen	VERB
fbem-313	61	49	supervision	supervision	NOUN
fbem-313	61	50	and	and	CCONJ
fbem-313	61	51	guard	guard	NOUN
fbem-313	61	52	against	against	ADP
fbem-313	61	53	financial	financial	ADJ
fbem-313	61	54	risks	risk	NOUN
fbem-313	61	55	.	.	PUNCT
fbem-313	62	1	only	only	ADV
fbem-313	62	2	under	under	ADP
fbem-313	62	3	effective	effective	ADJ
fbem-313	62	4	supervision	supervision	NOUN
fbem-313	62	5	can	can	AUX
fbem-313	62	6	financial	financial	ADJ
fbem-313	62	7	derivatives	derivative	NOUN
fbem-313	62	8	play	play	VERB
fbem-313	62	9	their	their	PRON
fbem-313	62	10	hedging	hedging	NOUN
fbem-313	62	11	and	and	CCONJ
fbem-313	62	12	price	price	NOUN
fbem-313	62	13	development	development	NOUN
fbem-313	62	14	functions	function	NOUN
fbem-313	62	15	effectively	effectively	ADV
fbem-313	62	16	.	.	PUNCT
fbem-313	63	1	financial	financial	ADJ
fbem-313	63	2	regulation	regulation	NOUN
fbem-313	63	3	is	be	AUX
fbem-313	63	4	an	an	DET
fbem-313	63	5	effective	effective	ADJ
fbem-313	63	6	measure	measure	NOUN
fbem-313	63	7	to	to	PART
fbem-313	63	8	deal	deal	VERB
fbem-313	63	9	with	with	ADP
fbem-313	63	10	financial	financial	ADJ
fbem-313	63	11	market	market	NOUN
fbem-313	63	12	risks	risk	NOUN
fbem-313	63	13	,	,	PUNCT
fbem-313	63	14	but	but	CCONJ
fbem-313	63	15	only	only	ADV
fbem-313	63	16	by	by	ADP
fbem-313	63	17	keeping	keep	VERB
fbem-313	63	18	the	the	DET
fbem-313	63	19	principle	principle	NOUN
fbem-313	63	20	of	of	ADP
fbem-313	63	21	moderation	moderation	NOUN
fbem-313	63	22	can	can	AUX
fbem-313	63	23	the	the	DET
fbem-313	63	24	best	good	ADJ
fbem-313	63	25	control	control	NOUN
fbem-313	63	26	effect	effect	NOUN
fbem-313	63	27	be	be	AUX
fbem-313	63	28	achieved	achieve	VERB
fbem-313	63	29	.	.	PUNCT
fbem-313	64	1	too	too	ADV
fbem-313	64	2	strict	strict	ADJ
fbem-313	64	3	or	or	CCONJ
fbem-313	64	4	too	too	ADV
fbem-313	64	5	loose	loose	ADJ
fbem-313	64	6	will	will	AUX
fbem-313	64	7	affect	affect	VERB
fbem-313	64	8	the	the	DET
fbem-313	64	9	financial	financial	ADJ
fbem-313	64	10	market	market	NOUN
fbem-313	64	11	.	.	PUNCT
fbem-313	65	1	at	at	ADP
fbem-313	65	2	present	present	ADJ
fbem-313	65	3	,	,	PUNCT
fbem-313	65	4	there	there	PRON
fbem-313	65	5	are	be	VERB
fbem-313	65	6	still	still	ADV
fbem-313	65	7	some	some	DET
fbem-313	65	8	loopholes	loophole	NOUN
fbem-313	65	9	in	in	ADP
fbem-313	65	10	the	the	DET
fbem-313	65	11	supervision	supervision	NOUN
fbem-313	65	12	and	and	CCONJ
fbem-313	65	13	management	management	NOUN
fbem-313	65	14	of	of	ADP
fbem-313	65	15	the	the	DET
fbem-313	65	16	financial	financial	ADJ
fbem-313	65	17	derivatives	derivative	NOUN
fbem-313	65	18	market	market	NOUN
fbem-313	65	19	in	in	ADP
fbem-313	65	20	china	china	PROPN
fbem-313	65	21	.	.	PUNCT
fbem-313	66	1	it	it	PRON
fbem-313	66	2	is	be	AUX
fbem-313	66	3	imperative	imperative	ADJ
fbem-313	66	4	to	to	PART
fbem-313	66	5	strictly	strictly	ADV
fbem-313	66	6	abide	abide	VERB
fbem-313	66	7	by	by	ADP
fbem-313	66	8	laws	law	NOUN
fbem-313	66	9	and	and	CCONJ
fbem-313	66	10	regulations	regulation	NOUN
fbem-313	66	11	and	and	CCONJ
fbem-313	66	12	adjust	adjust	VERB
fbem-313	66	13	the	the	DET
fbem-313	66	14	financial	financial	ADJ
fbem-313	66	15	market	market	NOUN
fbem-313	66	16	according	accord	VERB
fbem-313	66	17	to	to	ADP
fbem-313	66	18	the	the	DET
fbem-313	66	19	economic	economic	ADJ
fbem-313	66	20	development	development	NOUN
fbem-313	66	21	situation	situation	NOUN
fbem-313	66	22	.	.	PUNCT
fbem-313	67	1	from	from	ADP
fbem-313	67	2	the	the	DET
fbem-313	67	3	perspective	perspective	NOUN
fbem-313	67	4	of	of	ADP
fbem-313	67	5	financial	financial	ADJ
fbem-313	67	6	derivatives	derivative	NOUN
fbem-313	67	7	,	,	PUNCT
fbem-313	67	8	after	after	ADP
fbem-313	67	9	the	the	DET
fbem-313	67	10	loss	loss	NOUN
fbem-313	67	11	of	of	ADP
fbem-313	67	12	supervision	supervision	NOUN
fbem-313	67	13	,	,	PUNCT
fbem-313	67	14	it	it	PRON
fbem-313	67	15	is	be	AUX
fbem-313	67	16	bound	bind	VERB
fbem-313	67	17	to	to	PART
fbem-313	67	18	bring	bring	VERB
fbem-313	67	19	serious	serious	ADJ
fbem-313	67	20	negative	negative	ADJ
fbem-313	67	21	impact	impact	NOUN
fbem-313	67	22	on	on	ADP
fbem-313	67	23	the	the	DET
fbem-313	67	24	development	development	NOUN
fbem-313	67	25	of	of	ADP
fbem-313	67	26	the	the	DET
fbem-313	67	27	financial	financial	ADJ
fbem-313	67	28	industry	industry	NOUN
fbem-313	67	29	.	.	PUNCT
fbem-313	68	1	in	in	ADP
fbem-313	68	2	addition	addition	NOUN
fbem-313	68	3	,	,	PUNCT
fbem-313	68	4	the	the	DET
fbem-313	68	5	operation	operation	NOUN
fbem-313	68	6	of	of	ADP
fbem-313	68	7	investors	investor	NOUN
fbem-313	68	8	makes	make	VERB
fbem-313	68	9	it	it	PRON
fbem-313	68	10	easier	easy	ADJ
fbem-313	68	11	for	for	SCONJ
fbem-313	68	12	risks	risk	NOUN
fbem-313	68	13	to	to	PART
fbem-313	68	14	flow	flow	VERB
fbem-313	68	15	out	out	ADP
fbem-313	68	16	and	and	CCONJ
fbem-313	68	17	cause	cause	VERB
fbem-313	68	18	adverse	adverse	ADJ
fbem-313	68	19	joint	joint	ADJ
fbem-313	68	20	effects	effect	NOUN
fbem-313	68	21	on	on	ADP
fbem-313	68	22	other	other	ADJ
fbem-313	68	23	investors	investor	NOUN
fbem-313	68	24	.	.	PUNCT
fbem-313	69	1	of	of	ADP
fbem-313	69	2	financial	financial	ADJ
fbem-313	69	3	derivatives	derivative	NOUN
fbem-313	69	4	market	market	NOUN
fbem-313	69	5	regulatory	regulatory	ADJ
fbem-313	69	6	supervision	supervision	NOUN
fbem-313	69	7	should	should	AUX
fbem-313	69	8	be	be	AUX
fbem-313	69	9	to	to	PART
fbem-313	69	10	advance	advance	VERB
fbem-313	69	11	and	and	CCONJ
fbem-313	69	12	supervision	supervision	NOUN
fbem-313	69	13	afterwards	afterwards	ADV
fbem-313	69	14	,	,	PUNCT
fbem-313	69	15	the	the	DET
fbem-313	69	16	official	official	ADJ
fbem-313	69	17	regulation	regulation	NOUN
fbem-313	69	18	and	and	CCONJ
fbem-313	69	19	industry	industry	NOUN
fbem-313	69	20	self	self	NOUN
fbem-313	69	21	-	-	PUNCT
fbem-313	69	22	discipline	discipline	NOUN
fbem-313	69	23	,	,	PUNCT
fbem-313	69	24	domestic	domestic	ADJ
fbem-313	69	25	regulatory	regulatory	ADJ
fbem-313	69	26	arrangements	arrangement	NOUN
fbem-313	69	27	and	and	CCONJ
fbem-313	69	28	international	international	ADJ
fbem-313	69	29	regulatory	regulatory	ADJ
fbem-313	69	30	cooperation	cooperation	NOUN
fbem-313	69	31	,	,	PUNCT
fbem-313	69	32	internal	internal	ADJ
fbem-313	69	33	control	control	NOUN
fbem-313	69	34	and	and	CCONJ
fbem-313	69	35	external	external	ADJ
fbem-313	69	36	supervision	supervision	NOUN
fbem-313	69	37	of	of	ADP
fbem-313	69	38	coordinated	coordinated	ADJ
fbem-313	69	39	development	development	NOUN
fbem-313	69	40	of	of	ADP
fbem-313	69	41	each	each	DET
fbem-313	69	42	other	other	ADJ
fbem-313	69	43	,	,	PUNCT
fbem-313	69	44	and	and	CCONJ
fbem-313	69	45	constantly	constantly	ADV
fbem-313	69	46	promote	promote	VERB
fbem-313	69	47	the	the	DET
fbem-313	69	48	development	development	NOUN
fbem-313	69	49	of	of	ADP
fbem-313	69	50	derivatives	derivative	NOUN
fbem-313	69	51	innovation	innovation	NOUN
fbem-313	69	52	and	and	CCONJ
fbem-313	69	53	risk	risk	NOUN
fbem-313	69	54	control	control	NOUN
fbem-313	69	55	,	,	PUNCT
fbem-313	69	56	increase	increase	VERB
fbem-313	69	57	the	the	DET
fbem-313	69	58	efficiency	efficiency	NOUN
fbem-313	69	59	of	of	ADP
fbem-313	69	60	the	the	DET
fbem-313	69	61	real	real	ADJ
fbem-313	69	62	economy	economy	NOUN
fbem-313	69	63	in	in	ADP
fbem-313	69	64	financial	financial	ADJ
fbem-313	69	65	derivatives	derivative	NOUN
fbem-313	69	66	service.[5	service.[5	NOUN
fbem-313	69	67	]	]	X
fbem-313	69	68	5.3	5.3	NUM
fbem-313	69	69	.	.	PUNCT
fbem-313	70	1	cultivate	cultivate	VERB
fbem-313	70	2	relevant	relevant	ADJ
fbem-313	70	3	professionals	professional	NOUN
fbem-313	70	4	the	the	DET
fbem-313	70	5	21st	21st	ADJ
fbem-313	70	6	century	century	NOUN
fbem-313	70	7	is	be	AUX
fbem-313	70	8	the	the	DET
fbem-313	70	9	best	good	ADJ
fbem-313	70	10	period	period	NOUN
fbem-313	70	11	for	for	ADP
fbem-313	70	12	the	the	DET
fbem-313	70	13	development	development	NOUN
fbem-313	70	14	of	of	ADP
fbem-313	70	15	china	china	PROPN
fbem-313	70	16	's	's	PART
fbem-313	70	17	financial	financial	ADJ
fbem-313	70	18	market	market	NOUN
fbem-313	70	19	.	.	PUNCT
fbem-313	71	1	today	today	NOUN
fbem-313	71	2	,	,	PUNCT
fbem-313	71	3	financial	financial	ADJ
fbem-313	71	4	derivatives	derivative	NOUN
fbem-313	71	5	have	have	AUX
fbem-313	71	6	ushered	usher	VERB
fbem-313	71	7	in	in	ADP
fbem-313	71	8	a	a	DET
fbem-313	71	9	new	new	ADJ
fbem-313	71	10	opportunity	opportunity	NOUN
fbem-313	71	11	for	for	ADP
fbem-313	71	12	progress	progress	NOUN
fbem-313	71	13	with	with	ADP
fbem-313	71	14	the	the	DET
fbem-313	71	15	highly	highly	ADV
fbem-313	71	16	developed	develop	VERB
fbem-313	71	17	economy	economy	NOUN
fbem-313	71	18	and	and	CCONJ
fbem-313	71	19	the	the	DET
fbem-313	71	20	continuous	continuous	ADJ
fbem-313	71	21	improvement	improvement	NOUN
fbem-313	71	22	of	of	ADP
fbem-313	71	23	the	the	DET
fbem-313	71	24	market	market	NOUN
fbem-313	71	25	.	.	PUNCT
fbem-313	72	1	however	however	ADV
fbem-313	72	2	,	,	PUNCT
fbem-313	72	3	in	in	ADP
fbem-313	72	4	this	this	DET
fbem-313	72	5	context	context	NOUN
fbem-313	72	6	,	,	PUNCT
fbem-313	72	7	investors	investor	NOUN
fbem-313	72	8	in	in	ADP
fbem-313	72	9	china	china	PROPN
fbem-313	72	10	's	's	PART
fbem-313	72	11	financial	financial	ADJ
fbem-313	72	12	derivatives	derivative	NOUN
fbem-313	72	13	market	market	NOUN
fbem-313	72	14	are	be	AUX
fbem-313	72	15	still	still	ADV
fbem-313	72	16	very	very	ADV
fbem-313	72	17	immature	immature	ADJ
fbem-313	72	18	and	and	CCONJ
fbem-313	72	19	financial	financial	ADJ
fbem-313	72	20	talents	talent	NOUN
fbem-313	72	21	are	be	AUX
fbem-313	72	22	very	very	ADV
fbem-313	72	23	scarce	scarce	ADJ
fbem-313	72	24	.	.	PUNCT
fbem-313	73	1	there	there	PRON
fbem-313	73	2	is	be	VERB
fbem-313	73	3	a	a	DET
fbem-313	73	4	big	big	ADJ
fbem-313	73	5	gap	gap	NOUN
fbem-313	73	6	between	between	ADP
fbem-313	73	7	institutional	institutional	ADJ
fbem-313	73	8	investors	investor	NOUN
fbem-313	73	9	and	and	CCONJ
fbem-313	73	10	mature	mature	VERB
fbem-313	73	11	foreign	foreign	ADJ
fbem-313	73	12	qualified	qualified	ADJ
fbem-313	73	13	institutional	institutional	ADJ
fbem-313	73	14	investors	investor	NOUN
fbem-313	73	15	in	in	ADP
fbem-313	73	16	corporate	corporate	ADJ
fbem-313	73	17	governance	governance	NOUN
fbem-313	73	18	structure	structure	NOUN
fbem-313	73	19	,	,	PUNCT
fbem-313	73	20	internal	internal	ADJ
fbem-313	73	21	control	control	NOUN
fbem-313	73	22	,	,	PUNCT
fbem-313	73	23	research	research	NOUN
fbem-313	73	24	and	and	CCONJ
fbem-313	73	25	analysis	analysis	NOUN
fbem-313	73	26	ability	ability	NOUN
fbem-313	73	27	and	and	CCONJ
fbem-313	73	28	investment	investment	NOUN
fbem-313	73	29	level	level	NOUN
fbem-313	73	30	of	of	ADP
fbem-313	73	31	financial	financial	ADJ
fbem-313	73	32	derivatives	derivative	NOUN
fbem-313	73	33	.	.	PUNCT
fbem-313	74	1	general	general	ADJ
fbem-313	74	2	investors	investor	NOUN
fbem-313	74	3	lack	lack	VERB
fbem-313	74	4	knowledge	knowledge	NOUN
fbem-313	74	5	of	of	ADP
fbem-313	74	6	financial	financial	ADJ
fbem-313	74	7	derivatives	derivative	NOUN
fbem-313	74	8	and	and	CCONJ
fbem-313	74	9	often	often	ADV
fbem-313	74	10	enter	enter	VERB
fbem-313	74	11	with	with	ADP
fbem-313	74	12	a	a	DET
fbem-313	74	13	speculative	speculative	ADJ
fbem-313	74	14	mentality	mentality	NOUN
fbem-313	74	15	.	.	PUNCT
fbem-313	75	1	therefore	therefore	ADV
fbem-313	75	2	,	,	PUNCT
fbem-313	75	3	it	it	PRON
fbem-313	75	4	is	be	AUX
fbem-313	75	5	necessary	necessary	ADJ
fbem-313	75	6	to	to	PART
fbem-313	75	7	continuously	continuously	ADV
fbem-313	75	8	strengthen	strengthen	VERB
fbem-313	75	9	education	education	NOUN
fbem-313	75	10	,	,	PUNCT
fbem-313	75	11	so	so	SCONJ
fbem-313	75	12	that	that	SCONJ
fbem-313	75	13	relevant	relevant	ADJ
fbem-313	75	14	personnel	personnel	NOUN
fbem-313	75	15	can	can	AUX
fbem-313	75	16	effectively	effectively	ADV
fbem-313	75	17	identify	identify	VERB
fbem-313	75	18	and	and	CCONJ
fbem-313	75	19	measure	measure	VERB
fbem-313	75	20	the	the	DET
fbem-313	75	21	existing	exist	VERB
fbem-313	75	22	financial	financial	ADJ
fbem-313	75	23	risks	risk	NOUN
fbem-313	75	24	,	,	PUNCT
fbem-313	75	25	so	so	SCONJ
fbem-313	75	26	as	as	SCONJ
fbem-313	75	27	to	to	PART
fbem-313	75	28	control	control	VERB
fbem-313	75	29	the	the	DET
fbem-313	75	30	trading	trading	NOUN
fbem-313	75	31	leverage	leverage	NOUN
fbem-313	75	32	magnification	magnification	NOUN
fbem-313	75	33	of	of	ADP
fbem-313	75	34	financial	financial	ADJ
fbem-313	75	35	derivatives	derivative	NOUN
fbem-313	75	36	in	in	ADP
fbem-313	75	37	an	an	DET
fbem-313	75	38	affordable	affordable	ADJ
fbem-313	75	39	range	range	NOUN
fbem-313	75	40	.	.	PUNCT
fbem-313	76	1	we	we	PRON
fbem-313	76	2	will	will	AUX
fbem-313	76	3	constantly	constantly	ADV
fbem-313	76	4	enhance	enhance	VERB
fbem-313	76	5	the	the	DET
fbem-313	76	6	awareness	awareness	NOUN
fbem-313	76	7	,	,	PUNCT
fbem-313	76	8	vigilance	vigilance	NOUN
fbem-313	76	9	and	and	CCONJ
fbem-313	76	10	prevention	prevention	NOUN
fbem-313	76	11	of	of	ADP
fbem-313	76	12	market	market	NOUN
fbem-313	76	13	risks	risk	NOUN
fbem-313	76	14	among	among	ADP
fbem-313	76	15	ordinary	ordinary	ADJ
fbem-313	76	16	investors	investor	NOUN
fbem-313	76	17	,	,	PUNCT
fbem-313	76	18	and	and	CCONJ
fbem-313	76	19	strengthen	strengthen	VERB
fbem-313	76	20	education	education	NOUN
fbem-313	76	21	on	on	ADP
fbem-313	76	22	investment	investment	NOUN
fbem-313	76	23	decision	decision	NOUN
fbem-313	76	24	-	-	PUNCT
fbem-313	76	25	making	make	VERB
fbem-313	76	26	process	process	NOUN
fbem-313	76	27	,	,	PUNCT
fbem-313	76	28	asset	asset	NOUN
fbem-313	76	29	allocation	allocation	NOUN
fbem-313	76	30	and	and	CCONJ
fbem-313	76	31	investor	investor	NOUN
fbem-313	76	32	rights	right	NOUN
fbem-313	76	33	and	and	CCONJ
fbem-313	76	34	interests	interest	NOUN
fbem-313	76	35	’	'	PUNCT
fbem-313	76	36	protection	protection	NOUN
fbem-313	76	37	.	.	PUNCT
fbem-313	77	1	[	[	X
fbem-313	77	2	6	6	NUM
fbem-313	77	3	]	]	SYM
fbem-313	77	4	5.4	5.4	NUM
fbem-313	77	5	.	.	PUNCT
fbem-313	78	1	innovate	innovate	VERB
fbem-313	78	2	the	the	DET
fbem-313	78	3	financial	financial	ADJ
fbem-313	78	4	derivative	derivative	ADJ
fbem-313	78	5	market	market	NOUN
fbem-313	78	6	to	to	PART
fbem-313	78	7	strengthen	strengthen	VERB
fbem-313	78	8	financial	financial	ADJ
fbem-313	78	9	innovation	innovation	NOUN
fbem-313	78	10	,	,	PUNCT
fbem-313	78	11	financial	financial	ADJ
fbem-313	78	12	derivatives	derivative	NOUN
fbem-313	78	13	innovation	innovation	NOUN
fbem-313	78	14	is	be	AUX
fbem-313	78	15	designed	design	VERB
fbem-313	78	16	with	with	ADP
fbem-313	78	17	careful	careful	ADJ
fbem-313	78	18	derivatives	derivative	NOUN
fbem-313	78	19	for	for	ADP
fbem-313	78	20	protection	protection	NOUN
fbem-313	78	21	,	,	PUNCT
fbem-313	78	22	the	the	DET
fbem-313	78	23	design	design	NOUN
fbem-313	78	24	of	of	ADP
fbem-313	78	25	the	the	DET
fbem-313	78	26	product	product	NOUN
fbem-313	78	27	should	should	AUX
fbem-313	78	28	not	not	PART
fbem-313	78	29	only	only	ADV
fbem-313	78	30	consider	consider	VERB
fbem-313	78	31	the	the	DET
fbem-313	78	32	futures	future	NOUN
fbem-313	78	33	of	of	ADP
fbem-313	78	34	product	product	NOUN
fbem-313	78	35	function	function	NOUN
fbem-313	78	36	and	and	CCONJ
fbem-313	78	37	the	the	DET
fbem-313	78	38	market	market	NOUN
fbem-313	78	39	parties	party	NOUN
fbem-313	78	40	can	can	AUX
fbem-313	78	41	have	have	VERB
fbem-313	78	42	the	the	DET
fbem-313	78	43	chance	chance	NOUN
fbem-313	78	44	to	to	PART
fbem-313	78	45	profit	profit	VERB
fbem-313	78	46	,	,	PUNCT
fbem-313	78	47	also	also	ADV
fbem-313	78	48	want	want	VERB
fbem-313	78	49	to	to	PART
fbem-313	78	50	consider	consider	VERB
fbem-313	78	51	the	the	DET
fbem-313	78	52	protection	protection	NOUN
fbem-313	78	53	of	of	ADP
fbem-313	78	54	investors	investor	NOUN
fbem-313	78	55	,	,	PUNCT
fbem-313	78	56	the	the	DET
fbem-313	78	57	balance	balance	NOUN
fbem-313	78	58	between	between	ADP
fbem-313	78	59	hedging	hedging	NOUN
fbem-313	78	60	and	and	CCONJ
fbem-313	78	61	speculative	speculative	ADJ
fbem-313	78	62	,	,	PUNCT
fbem-313	78	63	and	and	CCONJ
fbem-313	78	64	regulatory	regulatory	ADJ
fbem-313	78	65	requirements	requirement	NOUN
fbem-313	78	66	,	,	PUNCT
fbem-313	78	67	etc	etc	X
fbem-313	78	68	.	.	X
fbem-313	79	1	6	6	X
fbem-313	79	2	.	.	X
fbem-313	79	3	conclusion	conclusion	VERB
fbem-313	79	4	the	the	DET
fbem-313	79	5	integration	integration	NOUN
fbem-313	79	6	of	of	ADP
fbem-313	79	7	the	the	DET
fbem-313	79	8	world	world	NOUN
fbem-313	79	9	economy	economy	NOUN
fbem-313	79	10	and	and	CCONJ
fbem-313	79	11	the	the	DET
fbem-313	79	12	high	high	ADJ
fbem-313	79	13	development	development	NOUN
fbem-313	79	14	of	of	ADP
fbem-313	79	15	the	the	DET
fbem-313	79	16	socialist	socialist	ADJ
fbem-313	79	17	market	market	NOUN
fbem-313	79	18	economy	economy	NOUN
fbem-313	79	19	with	with	ADP
fbem-313	79	20	chinese	chinese	ADJ
fbem-313	79	21	39	39	NUM
fbem-313	79	22	characteristics	characteristic	NOUN
fbem-313	79	23	have	have	AUX
fbem-313	79	24	made	make	VERB
fbem-313	79	25	china	china	PROPN
fbem-313	79	26	's	's	PART
fbem-313	79	27	financial	financial	ADJ
fbem-313	79	28	market	market	NOUN
fbem-313	79	29	begin	begin	VERB
fbem-313	79	30	to	to	PART
fbem-313	79	31	integrate	integrate	VERB
fbem-313	79	32	with	with	ADP
fbem-313	79	33	the	the	DET
fbem-313	79	34	world	world	NOUN
fbem-313	79	35	and	and	CCONJ
fbem-313	79	36	step	step	VERB
fbem-313	79	37	into	into	ADP
fbem-313	79	38	the	the	DET
fbem-313	79	39	forefront	forefront	NOUN
fbem-313	79	40	of	of	ADP
fbem-313	79	41	the	the	DET
fbem-313	79	42	world	world	NOUN
fbem-313	79	43	in	in	ADP
fbem-313	79	44	just	just	ADV
fbem-313	79	45	a	a	DET
fbem-313	79	46	few	few	ADJ
fbem-313	79	47	decades	decade	NOUN
fbem-313	79	48	.	.	PUNCT
fbem-313	80	1	financial	financial	ADJ
fbem-313	80	2	derivatives	derivative	NOUN
fbem-313	80	3	are	be	AUX
fbem-313	80	4	born	bear	VERB
fbem-313	80	5	under	under	ADP
fbem-313	80	6	this	this	DET
fbem-313	80	7	background	background	NOUN
fbem-313	80	8	.	.	PUNCT
fbem-313	81	1	in	in	ADP
fbem-313	81	2	general	general	ADJ
fbem-313	81	3	,	,	PUNCT
fbem-313	81	4	the	the	DET
fbem-313	81	5	emergence	emergence	NOUN
fbem-313	81	6	and	and	CCONJ
fbem-313	81	7	progress	progress	NOUN
fbem-313	81	8	of	of	ADP
fbem-313	81	9	financial	financial	ADJ
fbem-313	81	10	derivatives	derivative	NOUN
fbem-313	81	11	is	be	AUX
fbem-313	81	12	an	an	DET
fbem-313	81	13	inevitable	inevitable	ADJ
fbem-313	81	14	outcome	outcome	NOUN
fbem-313	81	15	of	of	ADP
fbem-313	81	16	china	china	PROPN
fbem-313	81	17	's	's	PART
fbem-313	81	18	market	market	NOUN
fbem-313	81	19	economic	economic	ADJ
fbem-313	81	20	system	system	NOUN
fbem-313	81	21	,	,	PUNCT
fbem-313	81	22	which	which	PRON
fbem-313	81	23	can	can	AUX
fbem-313	81	24	effectively	effectively	ADV
fbem-313	81	25	promote	promote	VERB
fbem-313	81	26	the	the	DET
fbem-313	81	27	development	development	NOUN
fbem-313	81	28	of	of	ADP
fbem-313	81	29	china	china	PROPN
fbem-313	81	30	's	's	PART
fbem-313	81	31	economy	economy	NOUN
fbem-313	81	32	toward	toward	ADP
fbem-313	81	33	modernization	modernization	NOUN
fbem-313	81	34	,	,	PUNCT
fbem-313	81	35	and	and	CCONJ
fbem-313	81	36	also	also	ADV
fbem-313	81	37	play	play	VERB
fbem-313	81	38	a	a	DET
fbem-313	81	39	certain	certain	ADJ
fbem-313	81	40	role	role	NOUN
fbem-313	81	41	in	in	ADP
fbem-313	81	42	the	the	DET
fbem-313	81	43	optimization	optimization	NOUN
fbem-313	81	44	of	of	ADP
fbem-313	81	45	resource	resource	NOUN
fbem-313	81	46	allocation	allocation	NOUN
fbem-313	81	47	,	,	PUNCT
fbem-313	81	48	so	so	SCONJ
fbem-313	81	49	that	that	SCONJ
fbem-313	81	50	china	china	PROPN
fbem-313	81	51	's	's	PART
fbem-313	81	52	financial	financial	ADJ
fbem-313	81	53	business	business	NOUN
fbem-313	81	54	and	and	CCONJ
fbem-313	81	55	foreign	foreign	ADJ
fbem-313	81	56	financial	financial	ADJ
fbem-313	81	57	markets	market	NOUN
fbem-313	81	58	can	can	AUX
fbem-313	81	59	be	be	AUX
fbem-313	81	60	integrated	integrate	VERB
fbem-313	81	61	.	.	PUNCT
fbem-313	82	1	therefore	therefore	ADV
fbem-313	82	2	,	,	PUNCT
fbem-313	82	3	the	the	DET
fbem-313	82	4	next	next	ADJ
fbem-313	82	5	important	important	ADJ
fbem-313	82	6	task	task	NOUN
fbem-313	82	7	is	be	AUX
fbem-313	82	8	to	to	PART
fbem-313	82	9	promote	promote	VERB
fbem-313	82	10	and	and	CCONJ
fbem-313	82	11	improve	improve	VERB
fbem-313	82	12	the	the	DET
fbem-313	82	13	financial	financial	ADJ
fbem-313	82	14	derivatives	derivative	NOUN
fbem-313	82	15	market	market	NOUN
fbem-313	82	16	as	as	ADV
fbem-313	82	17	soon	soon	ADV
fbem-313	82	18	as	as	ADP
fbem-313	82	19	possible	possible	ADJ
fbem-313	82	20	,	,	PUNCT
fbem-313	82	21	promote	promote	VERB
fbem-313	82	22	product	product	NOUN
fbem-313	82	23	innovation	innovation	NOUN
fbem-313	82	24	and	and	CCONJ
fbem-313	82	25	adjustment	adjustment	NOUN
fbem-313	82	26	,	,	PUNCT
fbem-313	82	27	and	and	CCONJ
fbem-313	82	28	enhance	enhance	VERB
fbem-313	82	29	the	the	DET
fbem-313	82	30	development	development	NOUN
fbem-313	82	31	power	power	NOUN
fbem-313	82	32	of	of	ADP
fbem-313	82	33	the	the	DET
fbem-313	82	34	financial	financial	ADJ
fbem-313	82	35	market	market	NOUN
fbem-313	82	36	.	.	PUNCT
fbem-313	83	1	references	reference	NOUN
fbem-313	83	2	[	[	X
fbem-313	83	3	1	1	X
fbem-313	83	4	]	]	PUNCT
fbem-313	83	5	wang	wang	PROPN
fbem-313	83	6	shuhang	shuhang	PROPN
fbem-313	83	7	.	.	PUNCT
fbem-313	84	1	analysis	analysis	NOUN
fbem-313	84	2	on	on	ADP
fbem-313	84	3	the	the	DET
fbem-313	84	4	risks	risk	NOUN
fbem-313	84	5	and	and	CCONJ
fbem-313	84	6	countermeasures	countermeasure	NOUN
fbem-313	84	7	of	of	ADP
fbem-313	84	8	china	china	PROPN
fbem-313	84	9	's	's	PART
fbem-313	84	10	financial	financial	ADJ
fbem-313	84	11	derivatives	derivative	NOUN
fbem-313	84	12	market	market	NOUN
fbem-313	85	1	[	[	X
fbem-313	85	2	j	j	X
fbem-313	85	3	]	]	X
fbem-313	85	4	.	.	PUNCT
fbem-313	86	1	marketing	market	VERB
fbem-313	86	2	industry,2020(52):48	industry,2020(52):48	PROPN
fbem-313	86	3	-	-	PUNCT
fbem-313	86	4	49	49	NUM
fbem-313	86	5	.	.	PUNCT
fbem-313	87	1	[	[	X
fbem-313	87	2	2	2	X
fbem-313	87	3	]	]	X
fbem-313	87	4	liang	liang	PROPN
fbem-313	87	5	xiaojuan	xiaojuan	PROPN
fbem-313	87	6	.	.	PUNCT
fbem-313	88	1	research	research	NOUN
fbem-313	88	2	on	on	ADP
fbem-313	88	3	the	the	DET
fbem-313	88	4	function	function	NOUN
fbem-313	88	5	and	and	CCONJ
fbem-313	88	6	path	path	NOUN
fbem-313	88	7	of	of	ADP
fbem-313	88	8	the	the	DET
fbem-313	88	9	development	development	NOUN
fbem-313	88	10	of	of	ADP
fbem-313	88	11	financial	financial	ADJ
fbem-313	88	12	derivatives	derivative	NOUN
fbem-313	88	13	market	market	NOUN
fbem-313	89	1	[	[	X
fbem-313	89	2	j	j	X
fbem-313	89	3	]	]	X
fbem-313	89	4	.	.	PUNCT
fbem-313	90	1	journal	journal	PROPN
fbem-313	90	2	of	of	ADP
fbem-313	90	3	henan	henan	PROPN
fbem-313	90	4	radio	radio	PROPN
fbem-313	90	5	and	and	CCONJ
fbem-313	90	6	television	television	NOUN
fbem-313	90	7	university	university	NOUN
fbem-313	90	8	,	,	PUNCT
fbem-313	90	9	201,34(02):14	201,34(02):14	NUM
fbem-313	90	10	-	-	SYM
fbem-313	90	11	19	19	NUM
fbem-313	90	12	.	.	PUNCT
fbem-313	91	1	[	[	X
fbem-313	91	2	3	3	X
fbem-313	91	3	]	]	X
fbem-313	91	4	qiu	qiu	PROPN
fbem-313	91	5	ganheng	ganheng	PROPN
fbem-313	91	6	.	.	PUNCT
fbem-313	92	1	discussion	discussion	NOUN
fbem-313	92	2	on	on	ADP
fbem-313	92	3	problems	problem	NOUN
fbem-313	92	4	and	and	CCONJ
fbem-313	92	5	countermeasures	countermeasure	NOUN
fbem-313	92	6	of	of	ADP
fbem-313	92	7	financial	financial	ADJ
fbem-313	92	8	derivatives	derivative	NOUN
fbem-313	92	9	in	in	ADP
fbem-313	92	10	china	china	PROPN
fbem-313	93	1	[	[	X
fbem-313	93	2	j	j	X
fbem-313	93	3	]	]	X
fbem-313	93	4	.	.	PUNCT
fbem-313	94	1	modern	modern	ADJ
fbem-313	94	2	marketing	marketing	NOUN
fbem-313	94	3	(	(	PUNCT
fbem-313	94	4	next	next	ADJ
fbem-313	94	5	ten	ten	NUM
fbem-313	94	6	-	-	PUNCT
fbem-313	94	7	day	day	NOUN
fbem-313	94	8	)	)	PUNCT
fbem-313	94	9	,	,	PUNCT
fbem-313	94	10	2020(11	2020(11	NUM
fbem-313	94	11	):	):	PUNCT
fbem-313	94	12	100	100	NUM
fbem-313	94	13	-	-	SYM
fbem-313	94	14	101	101	NUM
fbem-313	94	15	.	.	PUNCT
fbem-313	95	1	[	[	X
fbem-313	95	2	4	4	X
fbem-313	95	3	]	]	X
fbem-313	95	4	liang	liang	PROPN
fbem-313	95	5	lingjiang	lingjiang	PROPN
fbem-313	95	6	.	.	PUNCT
fbem-313	95	7	development	development	NOUN
fbem-313	95	8	status	status	NOUN
fbem-313	95	9	and	and	CCONJ
fbem-313	95	10	risk	risk	NOUN
fbem-313	95	11	management	management	NOUN
fbem-313	95	12	of	of	ADP
fbem-313	95	13	financial	financial	ADJ
fbem-313	95	14	derivatives	derivative	NOUN
fbem-313	95	15	in	in	ADP
fbem-313	95	16	china	china	PROPN
fbem-313	96	1	[	[	X
fbem-313	96	2	j	j	X
fbem-313	96	3	]	]	X
fbem-313	96	4	.	.	PUNCT
fbem-313	97	1	modern	modern	ADJ
fbem-313	97	2	economic	economic	ADJ
fbem-313	97	3	information	information	NOUN
fbem-313	97	4	,	,	PUNCT
fbem-313	97	5	2012(20	2012(20	NUM
fbem-313	97	6	):	):	PUNCT
fbem-313	97	7	163	163	NUM
fbem-313	97	8	-	-	SYM
fbem-313	97	9	164	164	NUM
fbem-313	97	10	.	.	PUNCT
fbem-313	97	11	]	]	PUNCT
fbem-313	98	1	[	[	X
fbem-313	98	2	5	5	NUM
fbem-313	98	3	]	]	X
fbem-313	98	4	geng	geng	PROPN
fbem-313	98	5	jiaxin	jiaxin	PROPN
fbem-313	98	6	.	.	PUNCT
fbem-313	99	1	on	on	ADP
fbem-313	99	2	market	market	NOUN
fbem-313	99	3	regulation	regulation	NOUN
fbem-313	99	4	and	and	CCONJ
fbem-313	99	5	innovation	innovation	NOUN
fbem-313	99	6	measures	measure	NOUN
fbem-313	99	7	of	of	ADP
fbem-313	99	8	financial	financial	ADJ
fbem-313	99	9	derivatives	derivative	NOUN
fbem-313	99	10	in	in	ADP
fbem-313	99	11	china	china	PROPN
fbem-313	99	12	[	[	X
fbem-313	99	13	j	j	X
fbem-313	99	14	]	]	X
fbem-313	99	15	.	.	PUNCT
fbem-313	100	1	international	international	ADJ
fbem-313	100	2	public	public	ADJ
fbem-313	100	3	relations	relation	NOUN
fbem-313	100	4	,	,	PUNCT
fbem-313	100	5	2019	2019	NUM
fbem-313	100	6	(	(	PUNCT
fbem-313	100	7	12	12	NUM
fbem-313	100	8	):	):	PUNCT
fbem-313	100	9	290	290	NUM
fbem-313	100	10	+	+	SYM
fbem-313	100	11	292	292	NUM
fbem-313	100	12	.	.	PUNCT
fbem-313	101	1	[	[	X
fbem-313	101	2	6	6	NUM
fbem-313	101	3	]	]	X
fbem-313	101	4	guo	guo	PROPN
fbem-313	101	5	j	j	PROPN
fbem-313	101	6	n.	n.	PROPN
fbem-313	101	7	research	research	NOUN
fbem-313	101	8	on	on	ADP
fbem-313	101	9	the	the	DET
fbem-313	101	10	innovation	innovation	NOUN
fbem-313	101	11	of	of	ADP
fbem-313	101	12	financial	financial	ADJ
fbem-313	101	13	derivatives	derivative	NOUN
fbem-313	101	14	in	in	ADP
fbem-313	101	15	china	china	PROPN
fbem-313	102	1	[	[	X
fbem-313	102	2	j	j	X
fbem-313	102	3	]	]	X
fbem-313	102	4	.	.	PUNCT
fbem-313	103	1	modern	modern	ADJ
fbem-313	103	2	economic	economic	ADJ
fbem-313	103	3	information,2018(10):309	information,2018(10):309	NOUN
fbem-313	103	4	-	-	PUNCT
fbem-313	103	5	310	310	NUM
fbem-313	103	6	.	.	PUNCT