The Research On Government Supervision Of Financial Products Of Commercial Banks In China

The word "financial management" first appeared in the newspaper in the early1990 s.With the expansion of China's stock and bond market,the increasing wealth of commercial Banks and retail businesses,and the annual increase of the general income of citizens,the concept of "financial management" is gradually popular.Nowadays,financial planning methods and financial products have become more and more diversified.The rapid development of financial planning services of commercial Banks in China can be traced back to 2004.At that time,the government issued relevant policies and the stock market recovered,providing a better market environment for the development of financial planning services.In the following years,the financial services have grown rapidly.More than 90 commercial Banks in China have developed financial products to varying degrees,covering different types and fields,providing customers with diversified choices.But in the past two years China's economic growth is slowing,real economic return on investment is reduced,high quality project is scarce,the development of non-bank financial institutions too fast,especially after the bank deposit and lending interest rate marketization,capital market appeared a trend of excessive competition,bank financial products is also yields down,between Banks,hand to pull between Banks and non-bank financial funds,do not hesitate to take various illegal means of polishing the edge ball.Since the second half of 2015,the domestic stock market fell sharply,the foreign exchange market shocks,in 2016,the world of assets such as stocks,foreign exchange,bond and commodities,there appeared fluctuations driven by speculative funds,uncertainty increased,the bank part of financial management plan to make a loss of funds,bankfunds the configuration of the channel diversification,asset investment model is in a high risk of mixed state.Unplanned except the bank financial products,securities companies,fund companies,insurance,fund subsidiary information technology company,also introduced related all kinds of corresponding extension classes products,such as:securities investment funds,the trust plan,universal insurance investment,etc.,multilayer nested between different products,layer upon layer and leverage,financial risk accumulated in the field of cross.Due to different standards and different regulatory objectives of China's regulatory departments,there is a lack of unified monitoring and monitoring.These will bring a number of problems,which are not conducive to the protection of financial investors,leading to market segmentation,leading to regulatory arbitrage,funds from real to virtual and damaging the rights and interests of financial consumers.So the current financial institutions need to unified regulation and bank financial product innovation,and has been the central bank and the country's financial stability development conference,such as issued a series of files "commercial bank personal financing business management interim measures" and "commercial bank personal financing business risk management guidelines" and so on,the more recent the latest "financial management rules"-the financial supervision and management measures for commercial Banks,the bank financial product access rules and regulatory standards more systematically made a specification,but at the same time there are still some shortcomings.This topic research mainly from our government to finance the business regulation of the history and present situation,using the method of literature investigation,comparative research,etc.,through the theoretical and empirical comparison,combining the theory of foreign experience and my bank work practice,to discuss China's banking supervision of the financial products innovation,hope my study of regulators and the bank's internal regulation.