Commercial Banks Rmb Financial Product Yield Volatility Research

The RMB financial product refers that commercial banks rely on the return of high letter grade of RMB bonds (including bonds, central bank bills, bonds, and other securities) as the guarantee, the object of issue is individual customers, and it will pay the principal and income of the financial products to the customers after the expiration. In recent years, along with the gross national product and disposable income of urban and rural residents increasing, the RMB financial products get more and more attention of people. Since2004, China Everbright Bank launched the first renminbi financial product, a variety of financial products are constantly emerging. The RMB financial products become an important way to keep value.This paper expounds the development process, product categories and development status of RMB financial products, and then analyzes the influencing factors of the financial product yield from macro, micro and other aspects. Besides, the paper selects the RMB financial products of China Merchants Bank as the research objects, using the VaR method to analyze the volatility of yield. The research shows that:Based on the AR (2)-GARCH (1,1) model of the VaR method can be used to describe the risk of the RMB financial products yield, and using it to measure the volatility of financial products yield is feasible. The paper suggests that financial regulatory authorities can use the VaR method in the supervision, the commercial banks can use VaR method to establish a scientific risk tolerance in order to realize the fundamental equilibrium between the risks and benefits, investors should continue to improve risk control awareness of financial products and financial institutions should actively cultivate professional talents in risk measure aspects.