中国权证实际价格与理论价格偏离研究的中期报告摘要：中国权证市场的实际价格与理论价格一直存在较大的偏离，这一现象与市场风险、信息不对称等因素有关。本文通过对中国权证市场各项数据的收集和分析，研究了权证实际价格与理论价格偏离的原因和影响因素。研究表明，中国权证市场的投资者存在投机需求，且多数投资者缺乏专业知识和信息，容易被市场风险所影响。此外，市场流动性较低、场外交易和操纵行为也是造成权证价格偏离的重要原因。本文提出了一些应对措施，包括提高投资者教育水平、加强市场监管和完善市场流动性等。关键词：中国权证市场；实际价格；理论价格；市场风险；信息不对称；投机需求；流动性；监管Abstract：TherehasbeenasignificantdeviationbetweenactualandtheoreticalpricesinChina'swarrantmarket,whichisrelatedtomarketrisk,informationasymmetry,andotherfactors.ThroughthecollectionandanalysisofdatafromChina'swarrantmarket,thispaperstudiesthereasonsandinfluencingfactorsofthedeviationbetweenactualandtheoreticalprices.TheresearchshowsthatthereisaspeculativedemandinChina'swarrantmarket,andmostinvestorslackprofessionalknowledgeandinformation,whichmakesthemsusceptibletomarketrisks.Inaddition,lowmarketliquidity,over-the-countertrading,andmarketmanipulationarealsoimportantfactorsleadingtothedeviationofwarrantprices.Thispaperproposessomecountermeasures,includingimprovinginvestoreducation,strengtheningmarketsupervision,andimprovingmarketliquidity.Keywords:China'swarrantmarket;actualprice;theoreticalprice;marketrisk;informationasymmetry;speculativedemand;liquidity;supervision