本文選題：商業(yè)銀行 + 幣種�。� 參考：《西南交通大學(xué)》2014年碩士論文

【摘要】：隨著我國(guó)金融市場(chǎng)的開放,近年來銀行理財(cái)產(chǎn)品得到了快速發(fā)展。據(jù)統(tǒng)計(jì)2012年銀行理財(cái)產(chǎn)品發(fā)行規(guī)模突破20萬億元,而同期基金等產(chǎn)品的規(guī)模只有其十分之一,表明銀行理財(cái)產(chǎn)品已經(jīng)成為居民投資、理財(cái)?shù)摹氨貍淦贩N”。伴隨著理財(cái)產(chǎn)品規(guī)模的快速發(fā)展,近年來理財(cái)產(chǎn)品市場(chǎng)不斷滋生的亂象已對(duì)我國(guó)金融市場(chǎng)和金融機(jī)構(gòu)健康、穩(wěn)定運(yùn)行產(chǎn)生了潛在的影響。但人們對(duì)理財(cái)產(chǎn)品的風(fēng)險(xiǎn)、收益及其影響因素的認(rèn)識(shí)與研究,卻十分有限。 2004年以來,隨著監(jiān)管政策的逐步放開以及國(guó)力的逐漸增強(qiáng),國(guó)民財(cái)富持續(xù)增長(zhǎng),商業(yè)銀行開始涉足理財(cái)產(chǎn)品的發(fā)行,理財(cái)產(chǎn)品的發(fā)行量成倍上升。2007年人民幣理財(cái)產(chǎn)品的發(fā)行量首次超過美元,人民幣成為最大的投資幣種；而另一方面,我國(guó)金融市場(chǎng)上,中、外資商業(yè)銀行競(jìng)爭(zhēng)激烈,二者的經(jīng)營(yíng)模式和產(chǎn)品具有各自的優(yōu)勢(shì)和顯著的差異性。因此,在商業(yè)銀行理財(cái)產(chǎn)品樣式種類和發(fā)行數(shù)量都日益增多的背景下,人民幣與外幣理財(cái)產(chǎn)品、中資銀行與外資銀行理財(cái)產(chǎn)品收益和風(fēng)險(xiǎn)是否存在差異成為投資者與市場(chǎng)監(jiān)管者高度關(guān)注的話題。 本文基于以上情況探討和研究了影響我國(guó)商業(yè)銀行理財(cái)產(chǎn)品收益的因素。文章在梳理我國(guó)商業(yè)銀行理財(cái)產(chǎn)品市場(chǎng)以及個(gè)人理財(cái)業(yè)務(wù)的發(fā)展進(jìn)程和闡述我國(guó)發(fā)展個(gè)人理財(cái)業(yè)務(wù)的必要性的基礎(chǔ)上,通過研究國(guó)內(nèi)銀行理財(cái)產(chǎn)品市場(chǎng)上80家中、外資商業(yè)銀行2004～2011年間發(fā)行的所有11020支理財(cái)產(chǎn)品,發(fā)現(xiàn)了總體上外資銀行理財(cái)產(chǎn)品的收益高于中資銀行、外幣理財(cái)產(chǎn)品的收益高于人民幣理財(cái)產(chǎn)品的收益,在所有理財(cái)產(chǎn)品中,外資銀行發(fā)行的外幣理財(cái)產(chǎn)品收益最高。另外,理財(cái)產(chǎn)品的特性(如：委托起始金額、委托期、保本比例)、理財(cái)產(chǎn)品的投資模式(如：投資品種、業(yè)務(wù)模式、掛鉤標(biāo)的)、理財(cái)產(chǎn)品發(fā)行時(shí)的市場(chǎng)環(huán)境因素(如：預(yù)計(jì)收益率(上限))等因素均對(duì)理財(cái)產(chǎn)品收益有顯著影響。最后,本文針對(duì)實(shí)證分析結(jié)果對(duì)投資者提出了相應(yīng)的投資建議。 本文將研究范圍擴(kuò)展到在華中資銀行和外資銀行發(fā)行的人民幣和外幣理財(cái)產(chǎn)品,研究范圍廣,樣本量大,拓展了理財(cái)產(chǎn)品收益研究的視角和范圍,同時(shí)也能夠?yàn)槭袌?chǎng)上理財(cái)產(chǎn)品的投資者的投資行為提供參考和意見。
[Abstract]:With the opening of China's financial market, banking financial products have developed rapidly in recent years. According to statistics, the issuing scale of banking financial products exceeded 20 trillion yuan in 2012, while the scale of funds and other products in the same period was only 1/10, indicating that bank financial management products have become "necessary products" for residents' investment and financial management. With the rapid development of financial products scale, the chaos of financial products market has had a potential impact on the healthy and stable operation of financial markets and financial institutions in China in recent years. However, people's understanding and research on the risk, income and influencing factors of financial products are very limited. Since 2004, with the gradual liberalization of regulatory policies and the gradual enhancement of national strength, the national wealth has continued to grow, and commercial banks have begun to dabble in the issuance of financial products. The issuance of financial products doubled. In 2007, the issuance of RMB financial products exceeded the US dollar for the first time, and the RMB became the largest investment currency. On the other hand, in China's financial market, the competition between Chinese and foreign commercial banks was fierce. The two business models and products have their own advantages and significant differences. Therefore, against the background of the increasing variety and number of financial products issued by commercial banks, RMB and foreign currency financial products, Whether there are differences in the return and risk of wealth management products between Chinese and foreign banks has become a topic of great concern between investors and market regulators. Based on the above situation, this paper discusses and studies the factors that affect the financial product income of commercial banks in China. On the basis of combing the development process of commercial bank's financial product market and personal finance business and expounding the necessity of developing personal financial management business in our country, the article studies 80 domestic banks' financial products market. All 11020 financial products issued by foreign commercial banks between 2004 and 2011 have found that, in general, the income of financial products of foreign banks is higher than that of Chinese banks, and the income of foreign currency financial products is higher than that of RMB financial products. Of all the financial products, Foreign banks issue the highest return on foreign currency wealth management products. In addition, the characteristics of financial products (such as the initial amount of money entrusted, the principal period, capital preservation ratio, the investment model of financial products (such as: investment varieties, business models, etc.), The market environment factors such as expected return rate (upper limit) and so on have significant influence on the financial product income. Finally, this paper puts forward the corresponding investment suggestions to the investors according to the results of empirical analysis. This paper extends the scope of research to RMB and foreign currency financial products issued by Chinese banks and foreign banks in China. The research scope is wide and the sample size is large, which expands the perspective and scope of income research of financial products. At the same time, it can also provide reference and advice for the investors of financial products in the market.
【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.2

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