Research On The Risk Of Financial Products Of Chinese Commercial Banks

In recent years,the development of financial products in China is fast.In order to seize the market of financial products,various commercial banks hav e introduced a wide variety of financial products.As its variety and scale incr ease,the risk of financial products follows.For commercial banks and investor s,risks are increasing,and higher regulatory requirements for financial regulato rs are also raised.Therefore,it is necessary to study the risk of financial prod ucts and put forward specific suggestions.The first chapter introduces the background,significance and main research methods of the topic selection,summarizes the related literatures both at hom e and abroad,and lists the main analysis framework.The first section of the second chapter is about the theory introduction of risk control for financial products.First,we classify the financial products of commercial banks according to the type of income,the investment object and t he risk level,and then summarize the representative theory of the risk control of the current financial products;section second makes four state-owned comm ercial banks as the representative,through historical data,comparison of return gap between actual rate of return and expected rate of return of financial prod ucts,gaves a qualitative description of the risk;the third section describes the status of commercial bank financial products risk control,list the main process of risk control,expounds the existing problems in the process of risk control.The third chapter is the empirical analysis of the risk of financial products,this cpaper introduces the basic concept of the VaR model in section first,ill ustrates the most relevant literature,the historical simulation method to calculat e the VaR value of financial products,existing problems,and gives an improv ement on the calculation of VaR method by historical simulation method:That i s to say,we first need to consider whether the probability interval distribution of different return rates of structured financial products is continuous,then adju st the discontinuous distribution interval to continuous,and finally calculate the yield according to different confidence levels;In the second section,the histor ical data simulation method is used to calculate the VaR of different confidenc e levels of financial products linked to commodity prices.;In the third section,we use the same method as the second section to quantitatively analyze the ri sk value of financial products linked to stock prices.;In the fourth section,Thi s paper makes a comparative analysis of the three types of investment after th e entry of the time deposit of The Agricultural Bank of China,and draws som e conclusions.The fourth chapter first makes research summary,and then based on the s econd chapter qualitative analysis and third chapter quantitative analysis results,it gives recommendations for commercial banks,investors and regulators,final ly,it illustrates the shortcomings of this paper.