本文關(guān)鍵詞：我國商業(yè)銀行人民幣理財產(chǎn)品收益率影響因素研究　出處：《中國海洋大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 個人理財業(yè)務(wù) 理財產(chǎn)品收益率 多元回歸模型

【摘要】：商業(yè)銀行個人理財業(yè)務(wù)是經(jīng)濟市場化進程中促使國民儲蓄有效轉(zhuǎn)化為財富,增加國民福利,完善經(jīng)濟金融體系功能,推動國民經(jīng)濟持續(xù)穩(wěn)定發(fā)展的重要機制。隨著我國金融體系改革的深入、金融工具的逐步完善,從國外發(fā)達國家成熟的商業(yè)銀行個人理財業(yè)務(wù)及產(chǎn)品來看,個人理財業(yè)務(wù)必將成為我國商業(yè)銀行利潤的重要來源,理財產(chǎn)品的發(fā)展也將成為促進個人理財業(yè)務(wù)發(fā)展的主要動力,因此,人民幣理財產(chǎn)品收益率問題無疑是其中很關(guān)鍵的因素。 近些年,隨著我國經(jīng)濟的快速發(fā)展,居民手中空閑資金越來越多,如何有效地保持貨幣的價值、增加居民財產(chǎn)性收入,如何使財產(chǎn)變成財富日益成為人們熱切關(guān)注的焦點。而當(dāng)前,居民普遍缺乏相應(yīng)的知識積累和實踐經(jīng)驗,尤其是對收益率問題的認(rèn)識缺乏了解,這不僅影響著居民對理財產(chǎn)品的選擇、個人財富的增加,更加影響到財產(chǎn)向財富轉(zhuǎn)化的實現(xiàn)。因此,對人民幣理財產(chǎn)品收益率影響因素的研究,具有十分重要的理論和現(xiàn)實意義。 本文以人民幣理財產(chǎn)品收益率影響因素為研究對象,在對商業(yè)銀行個人理財相關(guān)理論和國內(nèi)人民幣理財產(chǎn)品及其收益率研究文獻進行梳理的基礎(chǔ)上,嘗試從理論層面分析人民幣理財產(chǎn)品收益率的影響因素,以及各因素對理財產(chǎn)品收益率產(chǎn)生影響的作用機理,并以中國工商銀行已2009年7月至2012年12月發(fā)行的365天人民幣理財產(chǎn)品的相關(guān)數(shù)據(jù)為依據(jù),構(gòu)建以收益率、貨幣供給量、利率、工業(yè)增加值、上證綜指、居民消費者價格指數(shù)及本外幣存款為變量的計量分析模型,用ADF檢驗以及Johansen檢驗判定所選擇的變量的平穩(wěn)性及協(xié)整性,并用多元線性回歸模型對其進行實證檢驗,統(tǒng)計分析結(jié)果顯示：商業(yè)銀行人民幣理財產(chǎn)品的收益率和利率、工業(yè)增加值呈正相關(guān)關(guān)系,與上證綜指沒有顯著的相關(guān)性,與貨幣供給量、本外幣存款以及滯后一期的居民消費者價格指數(shù)呈負相關(guān)關(guān)系。 在上述研究論述的基礎(chǔ)上,本文從商業(yè)銀行個人理財業(yè)務(wù)發(fā)展、人民幣理財產(chǎn)品創(chuàng)新等角度提出商業(yè)銀行應(yīng)重視風(fēng)險管理與控制、注重人民幣理財產(chǎn)品創(chuàng)新、儲備大量專業(yè)人才及應(yīng)加強對理財產(chǎn)品購買人的風(fēng)險提示工作等政策建議。
[Abstract]:Personal finance business of commercial banks is to promote the effective transformation of national savings into wealth, increase national welfare and improve the function of economic and financial system in the process of economic marketization. With the deepening of the reform of our financial system and the gradual improvement of financial instruments, we can see from the mature commercial banks' personal financial business and products in developed countries. Personal finance business will become an important source of profits of commercial banks in China, the development of financial products will also become the main driving force to promote the development of personal finance business. The return rate of RMB financial products is undoubtedly a key factor. In recent years, with the rapid development of our country's economy, there are more and more idle funds in the hands of residents. How to effectively maintain the value of money and increase residents' property income. How to turn property into wealth has become the focus of people's attention day by day. At present, residents generally lack the corresponding knowledge accumulation and practical experience, especially the understanding of the rate of return. This not only affects the choice of wealth management products, the increase of personal wealth, but also affects the realization of the transformation from property to wealth. Therefore, the study on the factors affecting the return rate of RMB financial products. It has very important theoretical and practical significance. This article takes the RMB financial product return rate as the research object, on the basis of combing the commercial bank personal finance related theory and the domestic RMB financial product and its yield research literature. This paper tries to analyze the influencing factors of RMB financial product yield from the theoretical level and the mechanism of each factor influencing the financial product return rate. Based on the relevant data of RMB financial products issued by Industrial and Commercial Bank of China from July 2009 to December 2012, this paper constructs a system based on yield, money supply, interest rate and industrial added value. Shanghai Composite Index, consumer price index and local and foreign currency deposits as variables of the econometric analysis model, using ADF test and Johansen test to determine the stability and cointegration of the selected variables. The result of statistical analysis shows that the return rate of RMB financial products of commercial banks is positively correlated with interest rate and industrial added value. There is no significant correlation with the Shanghai Composite Index, but a negative correlation with the amount of money supply, local and foreign currency deposits and the consumer price index of residents who lag behind. On the basis of the above research, this paper puts forward that commercial banks should pay attention to risk management and control and RMB financial product innovation from the perspective of the development of commercial banks' personal financial management business and the innovation of RMB financial products. To reserve a large number of professionals and to strengthen the financial products buyers of risk advice and other policy recommendations.
【學(xué)位授予單位】：中國海洋大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.2

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