These five stages are : the preparative stage for the establishing of chinese futures market ; the experimentation and the initial development stage ; the stage of malformation because of over investment ; the formative stage of chinese futures market under reinforced regulation ; the normalization and healthy development stage of the futures market 这五个阶段是：中国期货市场建设的理论准备阶段；中国期货市场试验和初步发展阶段；由于投机过度引起的畸形繁荣阶段；加强监管下中国期货市场格局形成阶段；中国期货市场规范和健康发展阶段。
