| Asset management cooperation between commercial banks and securities companies of China has experienced the development of market,innovative instrument and policies since 2012.Nevertheless,with achieved mutual benefit between commercial bank and securities company,this business has generate a series of problems,including risk of credit,liquidity and financial system.In order to prevent these risks and channel the region of funds,regulator recently raised specification requires of standard for this business by issuing a set of policies,which standardizes the development of cooperative asset management of China’s commercial banks and securities companies,as well as regulatory arbitrage and high leverage prohibited.Under this background,this business has been undergoing a trend of returning to essence.At the same time,the research on managing development of this business has been carried out by regulatory and scholars.This paper starts from the existing theories about asset management cooperation between commercial banks and securities companies.On the basis of the trend of increasingly stringent financial regulation and the progress of the above business,this paper regards cooperative asset management business of China’s commercial bank and securities company as the research object,and analyze the existing problems,reasons and regulatory policy impact of this business objectively,for providing several suggestions for further managing development of this business.Firstly,with reference to the research and inspiration of the related literatures,this paper summarizes the concept of the above cooperative business,and analyzes the main patterns of progress of development,based on the background of this business.On the grounds of the above analysis of theory and practice,this thesis deeply analyze the problems and reasons among cooperative asset management business by case analysis from the point of patterns of business.Because the countermeasure research on the above problems is the research priority,according to summarize and analyze the regulatory background,policies and impacts of policy about this business of China,this paper finally put forward the corresponding suggestions of the research. |
