Rmb Financial Products Market Changes

The RMB financial products had a history of no more than twenty years. In 2005, the launching of "Sunny Financial Plan B" of Everbright Bank symbolized the publication of RMB financial products of China. After the 2008 global financial crises, the market of financial products in 2009 developed rapidly. As the demand increased, the RMB financial products have become the first choice of national citizens. As a result, the research of the variation of financial products market has positive significance. The paper elaborated the background and relative developments of research inside and outside the country, made comparative research on publishing scale, main part, term structure, investing direction and actual yield and predict the developing trends of the market. After that, the paper chose the actual yield of three representative products to make time-series research, and got the conclusion that all the mean value part of three yielding curves fits the AR(1) model while the bond based product curve has the ARCH effect. Besides, the VaR of the QDII products is greatly higher than the other two products. In the end, the paper made suggestions for the healthy development of the RMB financial products market on design, risk classification, creation and regulation.