Joint-stock Bank Financial Innovation Product Risk Management Research

In recent years,China has made great efforts to promote financial product innovation.Premier Li Keqiang in March 2017,the National People's Congress report clearly put forward to continue to promote financial product innovation,while strengthening financial product innovation risk management." In this political,economic new normal background,the ongoing financial product innovation has become an important choice for the transformation and upgrading of joint-stock banks.In recent years,with the development of the domestic financial institutions of all kinds,all kinds of financial business integration and penetration,the emergence and development of Internet banking and further change our old way of life,the joint-stock barks as an important component of financial system,in the process of promoting financial innovation,and because the market supervision system and mode of operation the imperfect and joint-stock banks own internal control ability is insufficient,which often encounter risks in financial product innovation.Therefore,it is of great practical significance to study the risk management of joint-stock banks'financial products innovation.Industrial Construction Bank as a large domestic joint-stock banks,also vigorously carry out financial product innovation and upgrading,but is influenced by various factors,there are problems of industrial bank financial product innovation in the process of financial product innovation in the goal is not clear,the development of poor and lack of originality,the weight is not heavy external environment.In the financial product innovation risk management level,there are some problems,such as the risk management of financial product innovation started late,the relevant laws and regulations are not perfect,and the supervision is not in place.Therefore,it is an important task to improve the competitiveness of joint-stock banks to analyze the factors that affect the innovation of financial products of joint-stock banks,and to explore the risk management models and ways of financial product innovation.In view of this,the industrial construction bank credit card business innovation as the main research object,through the Potter five forces model,SWOT analysis method,to study how to optimize the financial product innovation risk management level to promote the stable development of banking business innovation.This paper first introduces the domestic and foreign scholars research on the status quo of financial product innovation and risk management,and using the principal-agent theory,asymmetric information theory,the development of the status quo and problems of financial product innovation of our country share-holding system is analyzed.Secondly,this paper studies the current situation of the industrial bank credit card risk management,and analyzes the internal and external problems in the process of risk management.Thirdly,this paper makes an empirical analysis on the risk management model of foreign bank financial product innovation,draws lessons from the successful experience of risk management,puts forward the strengthening of financial product innovation risk management system construction,perfects financial product innovation supervision mechanism,strengthens financial product innovation external environment construction management Countermeasures for the Industrial Bank and China's joint-stock banks to effectively carry out financial product innovation risk management to provide a reference.