Research On The Operation Mode Of Financial Products Of Chinese Commercial Banks

Thanks to the accelerated process of interest rate liberalization and a large number of financial innovations,China's asset management business has developed rapidly.Domestic financial institutions engaged in asset management mainly include commercial Banks,securities companies,fund companies,trust companies and insurance companies,among which commercial Banks are the most important operating subjects in China's asset management market,and bank financing is the largest among all kinds of asset management products.According to data released by the banking wealth management registration and custody center,the scale of banking wealth management increased rapidly from 500 billion yuan in 2007 to 29.54 trillion yuan in 2017,accounting for 24.68%of the whole industry.From the perspective of Banks,wealth management has a far-reaching impact on the operation and management of Banks,changing the traditional asset and liability structure,profit model and risk prevention and control system of Banks.From the perspective of global market,bank financing plays a positive role in adjusting and improving economic structure,improving resource allocation efficiency,widening social investment and financing channels and stimulating market vitality.In recent years,bank financing has shown an explosive growth trend,among which the annual compound growth rate of bank financing scale from 2011 to 2015 was over 50%.The rapid growth of scale also reveals that Banks have many problems in the development,operation and risk management of financial products,and the potential risks cannot be ignored.This paper summarizes the development process and current situation of bank financial management,analyzes the operation mode of "capital pool"generally adopted by Banks in China,expounds the specific operation mechanism of this mode,and analyzes the risks of bank financial management on the basis of theoretical analysis and empirical analysis.This paper argues that although Banks can obtain high-quality assets from the market to the greatest extent in the "capital pool" mode,and achieve the purpose of portfolio investment and risk diversification,the maturity mismatch of financial products is serious,and liquidity risk and rigid payment pressure are huge.At the same time,in the absence of big data and quantitative model support,the ability of bank financial asset allocation and overall risk control needs to be improved.The industry disputes over the nature,function and influence of financial products,and believes that bank financial services play an important role in "shadow banking",which is likely to cause systemic financial crisis.This paper argues that the extensive management of bank financial management has been unable to adapt to the rapidly changing market environment and the latest regulatory requirements,so the business transformation must be accelerated.In the future,Banks should adopt the management mode of active investment,improve the ability of asset portfolio allocation and differentiated innovation,truly realize the net-worth transformation of financial products,prevent and resolve systematic financial risks,and maintain the stability of financial market.In view of this,based on the regulatory requirements and the macro economic development trend,this paper puts forward some Suggestions on the operation mode transformation of bank financial products and the allocation of major types of assets,so as to provide some reference for the management of bank financial services and sustainable and healthy development.