我国银行理财产品分析报告

发布时间：2018-05-14 15:08

本文选题：理财产品 + 银信合作　；参考：《西南财经大学》2013年硕士论文

【摘要】：随着我国经济的快速发展,居民收入水平的有着较大幅度的提高,但是由于投资渠道和资格的限制,使投资者止步于不少领域,加之国内物价水平的不断上升,商业银行微薄的储蓄利率已经无法满足投资者的投资需求了,市场急需专业的理财机构为投资者管理资产,银行理财产品应运而生。商业银行理财产品的出现为投资者提供了能够参与更广泛的市场的机会,使投资者能够分享各经济领域发展所带来的收益。商业银行理财产品是商业银行针对客户的需求而提供的专业的理财计划。从2004年光大银行发行第一款人民币理财产品开始,我国的理财产品市场已经发展近十年了,从最初每年发行几百款理财产品到2011年年底发行共2万款理财产品,短短的几年时间里,理财产品市场出现了爆发式增长,无论从发行银行的数量、发行币种、产品结构设计方面都有了不少的进步,但是也存在不少的问题,比如各商业银行设计的产品同质化问题严重,结构类理财产品发行数量较少,主要以信贷、利率类产品为主,产品的主要功能大致是为了躲避中央银行货币政策对银行信贷发行规模的控制,或者应付监管机构对季度末或者年终的资产负债的监管而大量发行的变相“高息揽储”的产品,真正为投资者提供专业化、个性化的理财服务类的产品较少,所以纵观整个商业银行的理财产品发行数量的变化,总是跟随着一些金融市场的表现而大起大落,其次就是金融监管机构的政策动向的改变,往往会对理财产品的发行造成重大影响,如商业银行通过与信托机构的合作发行信贷类理财产品,将银行自身贷款打包出售给投资者,以优化银行的资产负债结构,但是银行的这种行为可能会出现道德风险问题,对投资者的利益造成损害,也会影响整个金融系统的稳定,所以监管机构出台政策限制了银行与信托的这种合作,这对当年理财产品的发行数量有较大影响。所以对于商业银行来说,规避监管成为产品创新的主旋律,自主创新的动因明显不足。本文将通过对我国商业银行理财产品市场的发展进行回顾,介绍目前我国理财产品产生的原因、发展历程以及目前国内理财产品的种类,然后通过2005年到2011年共6年的的数据来对我国理财产品的发行数量、发行主体进行分析,归纳总结从05年开始我国理财产品从数量、发行主体、发行币种等多个方面的变化,并针对各个变化试图找出背后的原因,本文最后将提出对我国理财产品市场改良的政策建议。
[Abstract]:With the rapid development of China's economy, the income level of the residents has been greatly improved. However, due to the restrictions on investment channels and qualifications, investors have stopped in many fields, and the domestic price level has been rising continuously. The low deposit interest rate of commercial banks has been unable to meet the investment needs of investors, the market urgently needs professional financial institutions to manage assets for investors, and banking financial products emerge as the times require. The emergence of commercial bank financial products provides investors with the opportunity to participate in a wider market and enable investors to share the benefits brought by the development of various economic fields. Commercial bank financial products is a professional financial plan that commercial banks provide to meet the needs of customers. Since Everbright Bank issued the first RMB financial products in 2004, China's financial management product market has been developing for nearly a decade. From the initial issuance of hundreds of financial products a year to the end of 2011, a total of 20,000 financial products were issued. In a short period of several years, the financial management product market has seen explosive growth. No matter in terms of the number of issuing banks, the issuing currencies, and the design of the product structure, there has been a lot of progress, but there are also many problems. For example, the problems of homogenization of products designed by commercial banks are serious, and the number of structural financial products issued is relatively small, mainly in the form of credit and interest rate products. The main function of the products is roughly to evade the central bank monetary policy control on the size of bank credit issuance, or to deal with the supervision of the end of the quarter or year-end assets and liabilities issued a large number of products disguised as "high-interest" products. There are fewer products that really provide professional and personalized financial services to investors, so throughout the whole commercial bank, the number of financial products issued changes, always following the performance of some financial markets and ups and downs. Secondly, changes in the policy trends of financial regulators often have a significant impact on the issuance of financial products, such as the issuance of credit products by commercial banks in cooperation with trust agencies. They sell their own loans to investors in a package to optimize their balance sheet structure, but such behaviour can lead to moral hazard, damage to investors' interests, and the stability of the financial system as a whole. So regulators' policy limits the cooperation between banks and trusts, which has a big impact on the number of wealth management products issued that year. Therefore, for commercial banks, circumventing regulation has become the main theme of product innovation, and the motivation of independent innovation is obviously insufficient. This paper will review the development of the financial products market of commercial banks in China, introduce the reasons, the development process and the types of financial products in China. Then through the data of six years from 2005 to 2011 to analyze the number of financial products issued in our country, the main body of the issue, and summarize the changes in the number, the main body, the currency, etc., of the financial products in our country from 2005 to 2005. Aiming at the reasons behind these changes, this paper will put forward some policy suggestions to improve the market of financial management products in China.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.2

【参考文献】