Analysis Of The Value Of Bank Wealth Management Products

Since China joined the WTO,China's financial market openness has gradually increased,and the financial industry has developed rapidly.At the same time,the rapid rise of China's household savings,followed by the continued expansion of investment demand,financial products market in this context has been explosive growth.Now the number of financial products on this market are numerous,diverse,leading investors,especially a large number of nonprofessional investors face of these financial products value and the risk of lack of knowledge to choose the most suitable product problems.In view of this,this paper selects the bank issued in 2016 “Delibao” private win and enjoy "the Shanghai and Shenzhen 300 hooks(bull shark fins)6 months of structured financial products pricing problem as the research content,analysis and implementation of the pricing principle process,can help nonprofessional investors hanging hook value analysis of financial products demand of the stock.Equity linked financial products can be seen as a combination of a common bond and a hook in the underlying stock option bonds,partly reflects the fixed income financial products,option reflects the profitability of financial products.The research of this paper will be carried out from the following aspects.First of all,combing the background of writing and the framework of the article,a brief exposition of the research situation at home and abroad in this field.The introduction of financial products and then from the concept,describes the financial products market development situation at present in our country,and to our country a large number of financial products are classified according to different angles at the same time that nature of financial product pricing theory.Next to the selection of bank of communications "gain" stock index hook type of financial product pricing analysis.First is an introduction to the basic situation of the product as well as the analysis,then decomposed products in order to indicate the option attribute of the product.Then this paper uses Monte Carlo simulation method and synthetic product pricing method of "gain treasure" financial product pricing.Monte-Carlo simulation method is the product is decomposed into bond parts and options pricing respectively,this paper USES the part pricing bonds the discounted cash flow method,part options pricing is using a Monte Carlo simulation method.Synthetic product pricing method is to wealth management products using simple options for synthesis,and then calculate the value of each simple options.Finally based on the risk factors of wealth management products value at risk is analyzed,and compared the several similar products on the market,the investment value of different products.Finally,the paper summarizes some problems existing in the market of financial products,and puts forward some suggestions for improvement.