Research On The Changes And Development Of X Bank’s Non Standard Business Under The Background Of New Asset Management Regulations

With the rapid development of China’s financial industry,non-standard businesses are also thriving.As of the end of 2017,the scale of non-standard business in China reached 30.8 trillion yuan,of which bank non-standard business accounted for 20.7 trillion yuan,accounting for more than half.The rapid development of non-standard business has made great contributions to the development of China’s economy and social progress,but at the same time,the brutal growth of non-standard business has also buried serious risks and hidden dangers in China’s financial system.Financial institutions are evading regulation,credit funds are being used for arbitrage,and various financial turmoil is emerging endlessly.In order to prevent systemic financial risks in China and ensure the sustained and stable development of the economy,in 2018,the People’s Bank of China,the China Banking and Insurance Regulatory Commission,the China Securities Regulatory Commission,and the State Administration of Foreign Exchange jointly issued the "Guiding Opinions on Asset Management Business of Anti Financial Institutions"(hereinafter referred to as the "New Asset Management Regulations").The implementation of the "New Regulations on Asset Management" marks the arrival of the era of strong regulation of non-standard businesses,and has brought profound impacts to China’s non-standard businesses and even the entire financial system.This article mainly studies the changes in non-standard business of X Bank after the implementation of the new asset management regulations and the problems faced by non-standard owners in the future,and provides relative suggestions.This article mainly uses literature analysis,case analysis,and quantitative and qualitative analysis methods to analyze and study the above content.Firstly,this article introduces the relevant research background and significance,summarizes the relevant research of domestic and foreign scholars,and elaborates on the concepts and theories of new asset management regulations and non-standard businesses;Secondly,this article describes the main situation and existing problems of X Bank’s non-standard business before the implementation of the new asset management regulations;Thirdly,this article analyzes the changes in X Bank’s non-standard business after the implementation of the new asset management regulations and the reasons for the changes,as well as the problems faced by the development of nonstandard business after the new asset management regulations;Then this article provides specific suggestions for the future development of non-standard business of X Bank;Finally,there are conclusions and prospects.Through the analysis and research in this article,it is believed that before the introduction of the new asset management regulations,the non-standard business of banks developed rapidly and had high profitability,mainly due to regulatory loopholes and deficiencies;Banks evade regulation and pursue profits by establishing fund pools,multi-layer nesting of funds,and arbitrage of funds through idle transfers.After the introduction of the new asset management regulations,the scale of non-standard banking business has significantly decreased through filling regulatory loopholes,merging and coordinating regulatory functions,and conducting penetrating supervision of funds.The compliance and risk issues of nonstandard business have been improved,but at the same time,it also faces difficulties in future development: the profitability of non-standard business has significantly weakened,the ability to drive deposits has also decreased,and there is a lack of suitable underlying assets Increased compliance risk and hindered sales of wealth management products.Under the New Normal,banks should strengthen the sales ability of financial products,innovate financial products,select the best nonstandard business,build a diversified talent team,and deepen the reform of risk control system;At the same time,the banking industry should recognize the objective laws of financial business development,actively respond to national macroeconomic policies and industry guidance,treat the development of nonstandard business rationally,and fill some vacancies in non-standard business through standardized business.The research in this article has important reference significance for a deeper understanding and implementation of new asset management regulations,as well as how the banking industry will carry out non-standard business in the future.