Analysis Of The Influencing Factors Of HSBC's Structured Product Yield

In recent years,with the rapid development of China’s economy,people’s living standards have improved significantly.The significant increase of residents’ disposable income and people’s awareness of financial management have made financial products,especially structural products,the primary choice for people’s financial management.Based on HSBC structured products as the research object,using the Python programming language to write a computer program,risk level extracted from structural product manuals,hook mark,product type,such as data,then using the extracted data constructed by risk factors,the profitability and liquidity factors three hidden variables by structural equation model to analyze the structural factors affecting the product yield of HSBC.Firstly,this paper reviews the literatures related to the influencing factors of return rate and structural equation model at home and abroad.It is found that most of the literatures studied by predecessors focus on the theoretical analysis of the influencing factors of return rate.Most of the articles with quantitative analysis focus on the financial aspect,and few on the quantitative research of financial products themselves.This paper also sorts out the theory related to the influence of yield rate and its factors and structural equation model.The feasibility of structural equation model is proved theoretically.Then,this paper introduces the development of China’s financial market and HSBC’s financial services and its structural financial products,and discusses the typicality and guiding significance of the products.Finally,based on the above theoretical basis,this paper constructs the structural equation model of the factors influencing the return rate of HSBC’s structured financial products.The model also achieves good fitting effect.The conclusions of this paper show that,on the one hand,the results are universal.The profitability factor has a significant positive impact on the yield of HSBC’s structured products,the risk factor has a significant positive impact on the yield of HSBC’s structured products,and the liquidity factor has a significant negative impact on the yield of HSBC’s structured products.On the other hand,there are particularities in the research results.Among the measurement variables,the factors that have a greater impact on the profitability of HSBC are fundraising period,linked targets,product types and number of scenario analysis.Among the measurement variables,the ones that have less influence on the yield of HSBC are product term,subscription amount and currency.