影响我国商业银行理财产品收益率因素分析

发布时间：2018-07-21 12:32

【摘要】：随着商业银行数量的不断增加以及我国利率市场化进程的不断推进,我国商业银行急需通过业务转型来提高核心竞争力。随着居民可支配收入的增长以及投资理念的转变,居民对商业银行理财产品的需求急剧增加。银行理财产品在未来具有广阔的发展空间。近年来,在个人理财业务开展上,我国商业银行做出了不懈的探索与研究,理财产品的规模也在不断扩张。但在发展的同时,我们应该看到自己的不足和出现的问题。现今,常会听到某银行理财产品收益难以兑现的报道,收益不能兑付与银行理财产品的收益率有极大关系,因此,为了合理制定收益率和设计理财产品,对我国商业银行个人理财产品收益率影响因素的研究是非常必要的。本篇论文主要运用了理论及实证相结合的分析方法,对我国理财产品收益率的影响因素进行了研究。首先是对商业银行理财产品的定义、类别、发展历程以及现状做了简要的介绍并且回顾理财产品收益率的相关理论。其次是从宏观经济和产品设计两个层面总结影响商业银行理财产品收益率的因素并理论分析其产生影响的原理。宏观因素包括利率、通货膨胀率、经济发展水平、证券市场发展以及货币供应量。产品设计因素包括期限、发行银行的信用级别以及基础资产。再次是对我国商业银行理财产品收益率影响因素的实证分析。本文使用时间序列回归模型,探讨理财产品收益率与宏观经济因素的关系,发现对理财产品收益率影响最为显著的因素是利率,最不显著的是工业增加值。最后站在商业银行的角度详细的给出促进我国商业银行理财产品收益率合理化的具体对策和建议。这些建议包括:建立银行理财平台;加强对经济形势的预判;重视基础资产收益;淡化期限因素的影响;合理配置投资资产。
[Abstract]:With the increasing of the number of commercial banks and the promotion of interest rate marketization in our country, it is urgent for our commercial banks to improve their core competitiveness through business transformation. With the increase of disposable income and the change of investment concept, the demand for financial products of commercial banks increases rapidly. Banking financial products in the future has a broad space for development. In recent years, commercial banks of our country have made unremitting exploration and research on the development of personal finance business, and the scale of financial products is also expanding. But at the same time, we should see our own shortcomings and problems. Nowadays, it is often reported that the return of a bank's wealth management product is difficult to realize. The non-payment of the income is closely related to the rate of return of the bank's wealth management product. Therefore, in order to reasonably formulate the rate of return and design the financial product, It is necessary to study the factors influencing the return rate of personal financial products of commercial banks in China. This paper mainly uses the theory and the empirical analysis method to study the influencing factors of the financial product return rate in our country. First of all, the definition, category, development process and current situation of the financial products of commercial banks are briefly introduced and the relevant theories of the financial products yield are reviewed. Secondly, it summarizes the factors that affect the financial product yield of commercial banks from two aspects of macro economy and product design, and analyzes the principle of its influence theoretically. Macro factors include interest rate, inflation rate, economic development level, stock market development and money supply. Product design factors include maturity, credit rating of issuing banks and underlying assets. The third is the empirical analysis of the factors affecting the financial product return of commercial banks in China. Using time series regression model, this paper discusses the relationship between financial product yield and macroeconomic factors. It is found that interest rate is the most significant factor, and industrial added value is the least significant one. Finally, from the point of view of commercial banks, the paper gives the concrete countermeasures and suggestions to promote the rationalization of the profit rate of financial products of commercial banks in China. These suggestions include: establishing bank financial management platform; strengthening prejudgment of economic situation; paying attention to income from basic assets; downplaying the influence of term factors; and allocating investment assets rationally.
【学位授予单位】：山西财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.2

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