本文選題：結(jié)構(gòu)性理財(cái)產(chǎn)品 + 市場(chǎng)風(fēng)險(xiǎn)管理　； 參考：《安徽大學(xué)》2012年碩士論文

【摘要】：結(jié)構(gòu)性理財(cái)產(chǎn)品作為一種個(gè)人理財(cái)產(chǎn)品,最早產(chǎn)生于美國(guó)。隨著國(guó)內(nèi)銀行對(duì)利潤(rùn)的追求以及投資者對(duì)高收益理財(cái)產(chǎn)品的需求,結(jié)構(gòu)性理財(cái)在國(guó)內(nèi)理財(cái)市場(chǎng)興起并迅速發(fā)展。結(jié)構(gòu)性理財(cái)產(chǎn)品是固定收益與衍生品的結(jié)合,投資于固定證券部分的資金為投資本金提供了保障；另一方面,衍生品部分的高杠桿性又使賺得高收益成為可能。2007年證券牛市也讓結(jié)構(gòu)性理財(cái)產(chǎn)品熠熠生輝。因此,不論是投資者還是銀行都將結(jié)構(gòu)性理財(cái)產(chǎn)品看成了高收益,低風(fēng)險(xiǎn)的理性產(chǎn)品,對(duì)其期望頗高。在這種情況下,銀行的風(fēng)險(xiǎn)管理意識(shí)淡薄。投資者對(duì)疏于關(guān)注產(chǎn)品的風(fēng)險(xiǎn)。但是,2008年的金融危機(jī)讓許多結(jié)構(gòu)性理財(cái)產(chǎn)品收益為零甚至為負(fù),結(jié)構(gòu)性理財(cái)產(chǎn)品的發(fā)行急劇下降,直至至今,還未完全走出市場(chǎng)的冷清期。在這次“產(chǎn)品危機(jī)”中,人們也意識(shí)到結(jié)構(gòu)性理財(cái)產(chǎn)品的高風(fēng)險(xiǎn)性,并開(kāi)始重視產(chǎn)品的風(fēng)險(xiǎn)管理。結(jié)構(gòu)性理財(cái)產(chǎn)品面臨多種風(fēng)險(xiǎn),而市場(chǎng)風(fēng)險(xiǎn)是最大的風(fēng)險(xiǎn),本文對(duì)其市場(chǎng)風(fēng)險(xiǎn)管理進(jìn)行研究是很有必要的。 本文從結(jié)構(gòu)性理財(cái)產(chǎn)品概念、特征以及市場(chǎng)風(fēng)險(xiǎn)管理的概述出發(fā),對(duì)結(jié)構(gòu)性理財(cái)產(chǎn)品的市場(chǎng)風(fēng)險(xiǎn)管理進(jìn)行了系統(tǒng)的闡述。包括市場(chǎng)風(fēng)險(xiǎn)的識(shí)別、度量以及控制,并對(duì)加強(qiáng)市場(chǎng)風(fēng)險(xiǎn)管理提出了政策建議。文章的重點(diǎn)在市場(chǎng)風(fēng)險(xiǎn)度量部分。風(fēng)險(xiǎn)度量是我國(guó)風(fēng)險(xiǎn)管理的弱點(diǎn),也是對(duì)專業(yè)以及技術(shù)都要求比較強(qiáng)的操作,本文擬通過(guò)對(duì)風(fēng)險(xiǎn)度量工具的全面介紹以及運(yùn)用先進(jìn)的風(fēng)險(xiǎn)度量工具VAR對(duì)中國(guó)銀行推出的匯率掛鉤型理財(cái)產(chǎn)品進(jìn)行實(shí)例分析,能為銀行管理結(jié)構(gòu)性理財(cái)產(chǎn)品的市場(chǎng)風(fēng)險(xiǎn)管理以及投資者對(duì)市場(chǎng)風(fēng)險(xiǎn)的分析起到一定的借鑒作用。
[Abstract]:As a kind of personal financial products, structured financial products originated in the United States. With the pursuit of profits by domestic banks and the demand of investors for high-yield financial products, structural finance has risen and developed rapidly in the domestic financial market. Structured wealth management products are a combination of fixed income and derivatives, and the funds invested in fixed securities provide a guarantee for the principal; on the other hand, The high level of leverage in the derivatives sector has also made it possible to make high returns. The 2007 bull market in securities has also made structured wealth management products shine. As a result, both investors and banks view structured wealth management products as high-yielding, low-risk rational products with high expectations. In this case, the bank's risk management awareness is weak. Investors are concerned about the risk of neglecting the product. However, the financial crisis in 2008 has left many structured wealth management products with zero or even negative returns, and the issuance of structured financial products has fallen sharply, until now, not yet fully out of the market cool-down period. In this "product crisis", people also realize the high risk of structured financial products, and begin to attach importance to product risk management. Structural financial products face many kinds of risks, and market risk is the biggest risk. It is necessary to study the market risk management in this paper. Based on the concept and characteristics of structured financial products and an overview of market risk management, this paper systematically expounds the market risk management of structured financial products. It includes the identification, measurement and control of market risk, and puts forward some policy suggestions to strengthen the management of market risk. The focus of the article is the market risk measurement part. Risk measurement is the weakness of risk management in our country, and it is also an operation that requires strong professional and technical requirements. Through the comprehensive introduction of risk measurement tools and the use of VAR, an advanced risk measurement tool, this paper analyzes the exchange rate pegged financial products developed by Bank of China. It can be used as a reference for banks to manage the market risk of structured financial products and investors to analyze the market risk.
【學(xué)位授予單位】：安徽大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.48;F224

【引證文獻(xiàn)】

相關(guān)期刊論文 前2條

1 陳思亮;彭龍;林金桐;;股權(quán)類結(jié)構(gòu)化產(chǎn)品的市場(chǎng)風(fēng)險(xiǎn)管理流程和方法探析[J];生產(chǎn)力研究;2015年10期

2 方先明;余丁洋;楊波;;商業(yè)銀行理財(cái)產(chǎn)品:規(guī)模、結(jié)構(gòu)及其收益的不確定性[J];經(jīng)濟(jì)問(wèn)題;2015年06期

相關(guān)碩士學(xué)位論文 前10條

1 姜艷;中國(guó)農(nóng)業(yè)銀行“金鑰匙·如意組合”理財(cái)產(chǎn)品風(fēng)險(xiǎn)與定價(jià)分析[D];山東農(nóng)業(yè)大學(xué);2017年

2 韓雪;A銀行個(gè)人理財(cái)業(yè)務(wù)風(fēng)險(xiǎn)管理對(duì)策研究[D];黑龍江大學(xué);2016年

3 孫香頤;我國(guó)商業(yè)銀行結(jié)構(gòu)性理財(cái)產(chǎn)品市場(chǎng)風(fēng)險(xiǎn)管理研究[D];云南財(cái)經(jīng)大學(xué);2016年

4 吳婷婷;商業(yè)銀行結(jié)構(gòu)性理財(cái)產(chǎn)品的市場(chǎng)風(fēng)險(xiǎn)研究[D];湖南大學(xué);2016年

5 孫志平;顧客感知風(fēng)險(xiǎn)對(duì)結(jié)構(gòu)性理財(cái)產(chǎn)品購(gòu)買意愿的影響研究[D];武漢理工大學(xué);2015年

6 李月;中國(guó)商業(yè)銀行結(jié)構(gòu)化理財(cái)產(chǎn)品風(fēng)險(xiǎn)研究[D];內(nèi)蒙古大學(xué);2015年

7 孔令群;銀行理財(cái)定價(jià)偏離現(xiàn)象分析及對(duì)策研究[D];中國(guó)海洋大學(xué);2014年

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9 吳龍娟;掛鉤黃金結(jié)構(gòu)性理財(cái)產(chǎn)品的風(fēng)險(xiǎn)評(píng)估[D];華中科技大學(xué);2014年

10 李婭;我國(guó)商業(yè)銀行結(jié)構(gòu)性理財(cái)產(chǎn)品的風(fēng)險(xiǎn)測(cè)度與實(shí)證檢驗(yàn)[D];復(fù)旦大學(xué);2014年

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本文編號(hào)：2021510