银行类存款理财产品问题研究

发布时间：2018-01-16 08:21

本文关键词：银行类存款理财产品问题研究　出处：《南京大学》2013年硕士论文　论文类型：学位论文

【摘要】：随着中国金融体制改革的纵深化发展,利率市场化的进程已经进入人民币存款利率市场化的核心环节。同时在《金融业发展和改革“十二五”规划》中明示将“按照条件成熟程度,通过放开替代性金融产品价格等途径,有序推进利率市场化”。但是该怎样理解条件的成熟程度,以及如何界定替代性的金融产品则在《规划》中并没有具体说明。与此同时,近年来银行人民币理财产品迅猛发展,已经成为各商业银行主动负债的产品载体。但从内部利润创造角度,由于理财产品的高收益因素而受到“高成本负债”的质疑,从外部合规角度,由于“高息揽存”和“监管套利”则面临政策风险。同时随着银行理财产品规模的持续扩大,其中隐含的信用风险和流动性风险也在不断的累积中。下一步,银行人民币理财产品该何去何从,应该怎样在利率市场化的背景下理解和分析银行理财产品的发展,正越来越受到监管层和银行高层的关注。本文正是基于利率市场化进程进入人民币存款利率环节、商业银行理财产品爆发式增长和理财产品监管政策急需改善的背景下针对商业银行理财产品发展实务进行的相关研究。本文首先通过分析近年来银行理财产品的外部表现特征和内部运作特点寻找银行理财产品高速发展的本质。然后分析了银行理财产品的监管框架和监管难点,认为银行理财产品的发展已经超出了最初的监管预期。通过进一步的分析,认为迅猛发展的理财产品与利率市场化进程密切相关,为利率市场化改革进入人民币存款利率环节的替代性金融产品,并且由于其自身特点,可以成为推动利率市场化进程的有效产品载体。最后,在结合银行实际经营和监管现状的基础上,建议根据本金和收益的实际兑付责任差异将银行理财产品分为类存款理财产品和投资类理财产品,并辅之不同的发展战略。另一方面,为控制风险和保护投资者利益,建议将类存款理财产品纳入银行存款产品范畴进行管理。
[Abstract]:With the deepening development of China's financial system reform. The process of interest rate marketization has entered the core link of RMB deposit interest rate marketization. At the same time, in the 12th Five-Year Plan for the Development and Reform of the Financial Industry, it is stated that "according to the conditions of maturity". By opening up the price of alternative financial products and other ways to promote the marketization of interest rates in an orderly manner. "but how to understand the maturity of the conditions. And how to define alternative financial products is not specified in the Plan. At the same time, the RMB financial products of banks have developed rapidly in recent years, which has become the product carrier of active debt of commercial banks, but from the perspective of internal profit creation. Because of the high profit factors of wealth management products, it is questioned by the "high cost liability" from the external compliance point of view. Because of the "high interest range" and "regulatory arbitrage" is facing policy risks. At the same time, with the continued expansion of the scale of banking financial products, the implicit credit risk and liquidity risk are also in the accumulation. The next step. How to understand and analyze the development of bank financial products under the background of interest rate marketization is attracting more and more attention from regulators and bank executives. This article is based on the interest rate marketization process into the RMB deposit interest rate link. Under the background of the exploding growth of financial products of commercial banks and the urgent need to improve the supervision policy of financial products, this paper studies the development practice of financial products of commercial banks. Firstly, this paper analyzes the financial products of commercial banks in recent years. The characteristics of external performance and internal operation look for the nature of the rapid development of banking financial products. Then the regulatory framework and regulatory difficulties of banking financial products are analyzed. It is believed that the development of banking financial products has exceeded the initial regulatory expectations. Through further analysis, it is concluded that the rapid development of financial products is closely related to the interest rate marketization process. For the interest rate marketization reform into the RMB deposit interest rate link alternative financial products, and because of its own characteristics, can become an effective product carrier to promote the interest rate marketization process. Finally. On the basis of the actual operation and supervision of banks, it is suggested that bank financial products be divided into deposit management products and investment financial products according to the difference of actual payment liability of principal and income. On the other hand, in order to control risks and protect the interests of investors, it is suggested that the deposit management products should be brought into the category of bank deposit products.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.2

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