In the fith part, from the point of issuer and superviser view, analyzes the warrants pricing model, issuer strategy of delta risk-avoid, and the mechanism of supervising in Chinese warrants market.

• 第五章，从发行商、监管者角度分析了中国权证市场，介绍了权证定价模型和发行人delta 避险策略，最后探讨了中国权证市场监管制度的选择。