| Since reforme and opening up, Chinese economy with each passing day, the comprehensivenational strength significantly increased, national life improved, then the demand for investmentvehicle is becoming more and more strong. Given the current economic development trend, China’sfinancial derivatives market is an urgent need to introduce new structured finance products. It is wellknown that global financial markets structured finance products germination, the U.S. financialmarkets in the1980s, subsequently, the product with its inevitable trend to enter the European marketand compete to sought after by the investment. Then, in2002September, structured deposits offoreign exchange business began to enter the Chinese domestic market, China everbright bank tookthe lead in the domestic launch of the product, followed by the domestic and foreign many ChineseBanks in business to increase foreign exchange structured deposits, structured finance products is aninnovation of financial derivatives market in China and can bring the new profit growth point for theinvestment institutions of a business. It with its unique innovation, professional, and the characteristicsof flexible and rapid development, become a new star on the financial market in China, more and moreget the favour of individual investors and each big commercial Banks and sought after. Therefore, inview of the global financial services market, structured finance products is an important financialinnovation tool. For foreign markets, so far, although structured financial products development timeis longer, but the majority of scholars research focused on how to pricing of such products, theempirical research. And because the domestic market, structured finance products of time soon, theknowledge of the product enough detail, so far, not enough attention among academics. Mainlybecause of China’s structured finance products launch time is shorter, immature capital market, thereare many problems in the flow and design. Such as, all kinds of financial derivatives market andimperfect, design innovation level of the product itself is limited, the government and the bankingsupervision system is not perfect, the problem such as poor workers, professional level will restrict itsdevelopment. So, if you can more effectively solve the problem of the class, will be for the smooth development of structured finance products plays an important realistic and theoretical significance.Therefore, this article in view of the present situation in our country, draw lessons from theinternational development experience, in-depth research, the development of structured financialproducts can be smoothly.In the light of the problem of the innovation of this article, mainly has the following three aspects:first, in this paper, based on domestic financial product demand is growing, with a bright future anddesign professional flexible structured financial products as the research object. Collect data forstructured financial products in the market performance of various convenient system summary andfind problems to conduct a comprehensive analysis of the reason, from various angles were studiedand discussed. Secondly, through studying the development of structured finance products in theinternational market (in both Europe and America, the asia-pacific markets), with the development ofthe United States, Hong Kong structured financial products market as an example, summarizes theexperiences and lessons and draw inspiration. On the basis of all research, proposed targeted, hasstrong operability development Suggestions. Moreover, compared with the traditional financialproduct research, as far as possible to use less complex formula, using the methods of comparativeanalysis, by comparing the data concluded that research method is unique.Along with our country financing business booming, the characteristics of structured financeproducts, with its professional and flexibility in focus, has become a new profit growth point bank,with a huge space for development in the future. Whether demand from investors to finance andbanking financial institutions of the demand of business innovation, or competing ways of bankingfinancial institutions at home and abroad, we all should to delve into the structured finance products.Therefore, this article will introduce system of structured finance products related knowledge, makethe reader to the field to have certain understanding and awareness. This paper studies the problem ofstructured finance products in our country and summarized and the reason analysis, and studies thedevelopment of structured finance products in the world, draw lessons from the developmentexperience of market of mature, make get some enlightenment in the promotion of structured financeproducts in China. In view of the research of the above situation, in this, the paper puts forward according to current situation of the development of structured finance products in China, andaccordingly puts forward some proposals to adapt to the development of China’s basic nationalconditions. The basic framework of the article is, the first part is introduction, mainly from thebackground and significance of structured finance products research, mainly for further research ofstructured finance products were reviewed, and then to the research status of structured financeproducts at home and abroad is reviewed; The second part of the overall system framework; the basisof description of the structured finance products The third part aimed at our country the existence ofthe structured finance products development status in our country, detailed analyzes the commonproblems existing in the development of structured financial products and causes; Fourth part drawlessons from the development experience of foreign structured finance products, further summarizesthe development status of Europe, America and the asia-pacific region, inspired; Fifth part of thestructured finance of our country’s future development trend were discussed and put forwardcorresponding suggestion and conclusion. |
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