Research On Management Strategy For Commercial Bank's Bond Service Of China.

This article studies Chinese commercial bank bond business present situation and the characteristic, analyzes the necessity of commercial bank bond business, the characteristic and the market environment; Discusses the affection that economical financial situation, macroscopic economical factor and central bank's policy make to commercial bank bond business. This paper designs the integrity bond investment strategy for the commercial bank base on Chinese bond market,commercial bank's management goal and the demand that commercial bank to adjust the income constitution,to improve property structure,to manager economical capital and so on.Chinese commercial bank bond business has begun to have it's own characteristic due to Chinese macro economy external environment change and the reform demand that commercial banks have. Commercial bank bond business is in a quickly growth period. And how to maintain the equilibrium and safety in such a fast growth, It is a question which all commercial banks must face. It is also the key point which this article studies.As the important place where national finance collects fund, and the central bank open market operations, Inter-bank market has the extremely close relation with the economy growth and the monetary policy. This article studies the affecting which GDP, M2, CPI, the interest rate policy adjustment taken to the commercial bank bond business investment income, the financing cost, the low profit property operation and so on. Based on all these affections, This article studies the questing—make a bond investment strategy for the commercial bank. The correct strategy should show commercial bank's traditional business characteristic, avoid all risks that bond business faces, and coordinates the bond business with other business.Based on our commercial bank reality , this article makes a bond investment strategy from the investment strategy, the risk management and the strategy coordinates three aspects. The investment strategy separately from long-term, short-term and the current stage strategy three aspects. This paper says long-term investment strategy should according to commercial bank's profit and returns ratio aim, establishes the commercial bank bond investment strategy model; The short term investment strategy mainly is according to our bond market characteristic, the goal is to earn extra profit. This paper makes the short term strategy such as sell bond before due time, enlargement, arbitrage and so on. The current strategy is based on Chinese macro economy, and the financial condition.To avoid the bond business risk, this article makes the strategy from four factors as use the financial tools, the term combination management, credit management and invest account manager. Finally this article give the strategy that to harmonize the bond business and the traditional business such as manager of asset and debt , the fund manager, internal fund price and the inter-media business.