Impact Of Interest Rate Marketization On The Income Of Commercial Banking Financial Products

With the rapid development of China’s economy,China’s financial system reform has been deepening,and the degree of marketization of interest rates has also been improved.As of October 2015,the central bank has fully liberalized the floating ratio of deposit and loan interest rates.The interest rate level has changed from strict control by the people’s Bank of China to the commercial banks can set their own prices.In the process of interest rate marketization,the operation mode of traditional commercial banks has also undergone earth shaking changes.Financial products have naturally become one of the important directions for commercial banks to improve profits.The yield of financial products reflects the supply and demand of capital in the market to a certain extent,which also makes the relationship between the pricing of financial products and the marketization of interest rates more closely.Therefore,it is of great practical significance to study the impact of interest rate marketization on financial products.This paper summarizes the development status of interest rate marketization in China and the development status of financial products of commercial banks in China,and makes theoretical and Empirical Analysis on the impact of interest rate marketization on the income of financial products of commercial banks.This paper collects the yield data of financial products issued by commercial banks in different periods from 2012 to 2019,as well as the deposit and loan interest rates,bond repurchase rates in the interbank market,and Shanghai interbank offered rate in the same period,and conducts multiple linear regression analysis.Finally,with the deepening of interest rate marketization,the factors affecting the yield of financial products have changed,and the forms of financial products’ yield have changed.Under the interest rate marketization,financial products will gradually return to the origin of asset management.