本文選題：理財(cái)產(chǎn)品 + 實(shí)際收益��； 參考：《云南財(cái)經(jīng)大學(xué)》2013年碩士論文

【摘要】：隨著我國(guó)商業(yè)銀行理財(cái)產(chǎn)品業(yè)務(wù)規(guī)模不斷擴(kuò)大、種類不斷創(chuàng)新豐富，購(gòu)買商業(yè)銀行理財(cái)產(chǎn)品已經(jīng)成為我國(guó)居民重要的不可或缺的投資理財(cái)方式，也是我國(guó)專業(yè)化集合投資理財(cái)?shù)闹匾M成。近幾年隨著金融創(chuàng)新的推進(jìn)、投資者風(fēng)險(xiǎn)收益偏好的變化以及經(jīng)濟(jì)金融環(huán)境的改變，我國(guó)商業(yè)銀行理財(cái)產(chǎn)品出現(xiàn)了何種與以往不同的變化？此外，近幾年多家銀行的多款理財(cái)產(chǎn)品出現(xiàn)零收益甚至負(fù)收益，這不僅給投資者帶來經(jīng)濟(jì)損失而且也嚴(yán)重?fù)p害了商業(yè)銀行聲譽(yù)，那么，究竟有哪些因素影響著銀行理財(cái)產(chǎn)品收益，它們又如何影響的呢？這都是需要進(jìn)行深入研究的問題。 本文首先對(duì)國(guó)外相關(guān)經(jīng)典理論及國(guó)內(nèi)近期相關(guān)研究文獻(xiàn)進(jìn)行了梳理，在此基礎(chǔ)上，介紹了商業(yè)銀行理財(cái)產(chǎn)品的相關(guān)概念，并分析了不同要素對(duì)理財(cái)產(chǎn)品風(fēng)險(xiǎn)收益的影響；隨后，本文對(duì)2009至2012年發(fā)行的外幣理財(cái)產(chǎn)品及人民幣理財(cái)產(chǎn)品按不同要素分別進(jìn)行了詳細(xì)的數(shù)理統(tǒng)計(jì)分析，并總結(jié)出趨勢(shì)變化。其次，本文從風(fēng)險(xiǎn)性和流動(dòng)性及商業(yè)銀行綜合理財(cái)能力三個(gè)方面分別分析了其對(duì)理財(cái)產(chǎn)品收益的影響。接著，本文運(yùn)用計(jì)量經(jīng)濟(jì)學(xué)方法，以我國(guó)商業(yè)銀行理財(cái)產(chǎn)品為對(duì)象建立模型對(duì)影響其實(shí)際收益的因素進(jìn)行了實(shí)證分析，并對(duì)實(shí)證結(jié)果進(jìn)行了說明和分析。最后在對(duì)全文進(jìn)行總結(jié)基礎(chǔ)上分別針對(duì)商業(yè)銀行及客戶投資者提出建議。 通過研究，本文得到以下結(jié)論：（1）金融危機(jī)以后，隨著經(jīng)濟(jì)金融市場(chǎng)環(huán)境及對(duì)商業(yè)銀行理財(cái)產(chǎn)品業(yè)務(wù)監(jiān)管環(huán)境的改變，人民幣和外幣理財(cái)產(chǎn)品的要素特征也發(fā)生了不同變化，主要表現(xiàn)在委托存續(xù)期限趨短、投資基礎(chǔ)資產(chǎn)轉(zhuǎn)變等方面；（2）銀行理財(cái)產(chǎn)品的實(shí)際年化收益率與同期固定存款利率、存續(xù)期限、信托業(yè)務(wù)模式、非保本及浮動(dòng)型收益存在正相關(guān)，，與外匯、基礎(chǔ)資產(chǎn)風(fēng)險(xiǎn)、信托及QDII以外的其他投資業(yè)務(wù)模式（主要指銀行直接投資業(yè)務(wù)模式）負(fù)相關(guān)，此外還與銀行綜合理財(cái)能力也存在顯著相關(guān)。
[Abstract]:With the expansion of the business scale and the variety of the commercial bank financial products, the purchase of the commercial bank financial products has become an important and indispensable way of investment and financial management. Also is our country specialized collective investment management important composition. In recent years, with the promotion of financial innovation, the change of investors' risk return preference and the change of economic and financial environment, what kind of changes have appeared in the financial products of commercial banks in our country as compared with the past? In addition, in recent years, a number of financial products of many banks have shown zero or even negative returns, which not only bring economic losses to investors but also seriously damage the reputation of commercial banks. What factors affect the financial products of banks, and how do they affect it? These are issues that need to be studied in depth. This paper firstly combs the foreign relevant classical theories and the domestic recent related research literature, on this basis, introduced the commercial bank financial management product related concept, and analyzed the different factor to the financial management product risk income influence; then, In this paper, the foreign currency financial products and RMB financial products issued from 2009 to 2012 are analyzed in detail according to different factors, and the trend changes are summarized. Secondly, this paper analyzes the influence of financial products from three aspects: risk, liquidity and comprehensive financial management ability of commercial banks. Then, using the econometrics method, this paper sets up a model to analyze the factors that affect the real income of the commercial banks' financial products in China, and explains and analyzes the empirical results. Finally, on the basis of summing up the full text, respectively for commercial banks and customer investors put forward suggestions. After the financial crisis, with the changes of the economic and financial market environment and the regulatory environment of the commercial banks' financial products, the characteristics of the elements of RMB and foreign currency financial products have also changed. The real annualized rate of return of bank financial products is positively related to the fixed deposit interest rate, the life span, the trust business model, the non-capital preservation and the floating income. It has negative correlation with foreign exchange, risk of basic assets, trust and other investment business models other than QDII (mainly direct investment business model of banks), and also has significant correlation with comprehensive financial management ability of banks.
【學(xué)位授予單位】：云南財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.2

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