我国信贷类理财产品风险防范问题的研究

发布时间：2018-05-17 01:15

本文选题：信贷类理财产品 + 风险　；参考：《中国社会科学院研究生院》2014年硕士论文

【摘要】：我国信贷类理财产品在银行理财产品的发行过程中发行时间尚短，其出现不仅满足了居民日益丰富的投资需求、解决企业融资难的问题，作为金融创新工具，还为商业银行带来了中间业务收入、促使信托业成为我国金融业管理资产规模第二大的行业。因此信贷类理财产品在近几年颇受各界追捧。信贷类理财产品是银行通过发行理财产品，将募集到的资金委托给信托公司，信托公司成立单一资金信托计划，购买信贷资产或为发行银行指定的企业融资。在这些环节中，涉及银行、信托公司、投资者、融资者等多个投资主体，形成了错综复杂的法律关系，其蕴藏的风险隐忍担忧，也一直是监管的重点，而仅靠监管部门出台政策硬性约束，无法从根本上防范信贷类理财产品风险，针对信贷类理财产品的风险特征加以防范才是根本措施。本文用定性的研究方法，理论结合实践，首先对信贷类理财产品的总体情况加以介绍，其次从产品运作流程的重点环节的角度出发，分析信贷类理财产品存在的风险，包括监管制度风险、政策风险、市场风险等系统性风险、也包括信用风险、操作风险及法律风险等非系统性风险，同时结合投资方向不同的四款信贷类理财产品案例分析其存在的风险，并提出相应的解决办法。我国信贷类理财产品存在监管风险，对此应建立长效协助机制，从产品功能角度监管，从而避免监管空白和监管交叉；存在政策风险，对此应建立健全监测体系，建立自上而下的监测系统，商业银行内部构建风险管理体系，对融资客户进行筛选；存在市场风险，对此应提高市场透明度，不仅要加强信息披露，还可适当引入独立的评级系统，充分发挥标准化工具风险转移的作用；科学设计相关产品及信贷审批流程，防范信用风险；存在操作风险，对此销售人员应转变销售意识，不要误导投资者，加强投资者教育；存在法律风险，为此要先明确信贷类理财产品的法律属性，还应完善我国信贷类理财产品的相关法律，借鉴外国同类产品风险研究理论及案例。本文理论结合实践分析信贷类理财产品存在的风险，，堵不如疏，并且信托产品“刚性兑付”的神话恰恰反映了经济市场的扭曲，只有各方齐心协力，才能将信贷类理财产品的风险化解为无形之中，并为我国金融市场改革奠定基础。
[Abstract]:The issuing time of credit financial products in the process of issuing banking financial products in China is still short. It not only meets the increasing investment needs of residents, but also solves the problem of financing difficulties of enterprises. It is used as a financial innovation tool. It also brings intermediate business income to commercial banks, which makes trust industry become the second largest industry in financial industry. Therefore, credit financing products in recent years are quite popular from all walks of life. Credit financing product is a kind of financial product that banks entrust to the trust company by issuing financial products. The trust company sets up a single fund trust plan to purchase credit assets or to finance the enterprise designated by the issuing bank. In these links, a number of investors, including banks, trust companies, investors, financiers, and so on, have formed a complex legal relationship. The risks contained therein are also the focus of supervision and control. However, it is impossible to prevent the risk of credit financial products fundamentally by relying on the strict policy constraints issued by the regulatory authorities. It is the fundamental measure to guard against the risk characteristics of credit financial products. In this paper, qualitative research method, theory and practice are used to introduce the overall situation of credit financial products, and then from the point of view of the key links of product operation process, the risks of credit financial products are analyzed. Including systemic risks such as regulatory system risks, policy risks, market risks, and non-systemic risks such as credit risk, operational risk and legal risk. At the same time, the paper analyzes the risk of four kinds of credit financing products with different investment direction, and puts forward the corresponding solutions. There are regulatory risks in credit financing products in our country, so we should establish a long-term assistance mechanism to supervise from the point of view of product function so as to avoid regulatory gaps and regulatory intersections, and establish a sound monitoring system for these risks. The establishment of top-down monitoring system, the establishment of a risk management system within commercial banks, the screening of financing customers, the existence of market risks, the need to improve market transparency, not only to strengthen information disclosure, The independent rating system can also be introduced to give full play to the role of risk transfer of standardized tools; scientific design of related products and credit approval procedures to guard against credit risks; operational risks, to which sales personnel should change their sales awareness, Do not mislead investors, strengthen investor education, there are legal risks, we should first clarify the legal attributes of credit financial products, but also improve the relevant laws of credit financial products in our country. Draw lessons from foreign similar product risk research theory and case. Combining theory with practice, this paper analyzes the risks of credit financial products, and the myth of "rigid payment" of trust products reflects the distortion of economic market. Only then can the risk of credit financial products be resolved into the invisible, and lay the foundation for the reform of our financial market.
【学位授予单位】：中国社会科学院研究生院
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.4

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