Research On Wealth Investment In Capital Market Of CMBC

For nearly a year, the capital market in China went through ups and downs, and the CSRC(China Securities Regulatory Commission) introduce policies continually,both brought no small impact to China’s economy and the lives of residents. One of the reasons why China’s stock market suffered such a sharp fluctuations is that the CSRC strengthened control on over-the-counter(OTC) capital lever, which caused huge loss of money from the capital market. The wealth investment products(WMPs)of commercial banks indirectly invest funds in capital markets. That is one of the main force on OTC capital lever.WMPs invest in the capital market mainly through five different ways,including directional additional issue, stock pledge(embracing in-the-counter pledge and over-the-counter pledge), secondary market lever investment, "umbrella trust" and securities margin trade transferring. The capital market investment of WMPs of CMBC(short for China Minsheng Bank Corporation) contains the above five except "umbrella trust".This paper focus on the capital market investment of WMPs of CMBC, mainly discussing directional additional issue project, stock pledge(embracing in-the-counter pledge and over-the-counter pledge) project, secondary market lever investment project and securities margin trade transferring project, respectively from the basic description, procedure, structure, and the corresponding supporting case for each kind of project. The latter of Chapter Two analyze the problems from the competition in the market, internal management and risk control. Chapter Three analyze the reasons causing those problems, including external cause analysis,internal cause analysis and SWOT analysis.Chapter Four puts forward improvements from the three aspects mentioned above, including to monitor and analyze the market trends, to dynamicly track the competitors and potential competitors, to broaden new customer and maintenance existing customers, to manage the approval and regulatory procedure of standardization, to manage information flow and communication cross sectoral and cross level, to improve personnel training mechanism, to develop the whole process online system, to strengthen surveillance assets from branch to sub-branch, to enhance the risk awareness of customer manager. Those improvements aim to provide the reference to CMBC when arranging the capital market investment of WMPs.