Research On Financial Products' Innovation Of Commercial Banks In China

In the 21'st century's economic globalization tide,the finance globalization as an important power to support the economic globalization,provide the better outer condition and the favorably opportunity to the rapid development of our commercial bank.The bank 'financial products as a kind of products, become a very important investment and the growing point of bank's profit. From last century 70's,the west countries started issuing the financial products, the international trend as an essential element pushed the products in our country.As the wealth grows,increase the investor's demand, and what's more,domestic and foreign economic policy support, the development of science at financial field,this elements impulse the product issue.Although the time for our country's product issue is short, the speed is more than our think, many kinds of new products are highly praised by investors, with the support of the skill and policy, financial products'developed potentiality and space are showing. The financial products become the new profit and the key point of the growth and development of profit of the commercial bank, and also, the innovation of the financial products become an important way of improving the bank's profit and the nuclear competition.As for the currency condition, the finical products have a space, but a lot of things also exit, such as the lack of the products'kind, the strong imitation, the serious homomorphological problem and so on.All of the things appear and make us more potentially to analysis the current situation, use the advanced technology to produce the new products to cater for the investors'need. And the same time, the products'innovation becomes the further study and the problem to solve.Based on the introduction of the article's background, significance and the domestic and foreign literature, this paper points on several aspects to explain the financial product innovation. Firstly, from financial products innovation's concept, the expiation of the innovation and the influence, all of this becomes the foundation of the paper. Secondly, combined with data from RMB and foreign currencies two aspects, this paper analyzes our country's financial products issued status in recent years, and summarizes the recent financial product innovation and the field of the innovation. Then, the paper analyzes the problems and the reasons of these problems of the financial product innovation, and proposes the corresponding countermeasure and the suggestion. The last part is the future development of summary and outlook about the financial products.This paper's important point is from the RMB financial product and foreign currency finance products two respects, through collecting recent data, to show the current situation of finance products, and the paper summarizes the financial product's investment in the currency, the product term, product peg concept, investment structure of earnings, design and product individualization, also emphatically analyzes the financial product innovation in the fields, namely, the new stock purchase, type of periodicals cooperation and QDII products innovation. The paper also summarizes a few problem of product innovation, such as the lack of variety products, serious homomorphological problems, short life cycle, unclear pricing and so on., and then find the reasons of the problems,such as the management of the innovation,the control of the risk and the specialist of the innovation. And then give the solution of the problems.The development of commercial bank's financing products is the trend of globalization, under the influence of various factors in China, our country's products innovation has a certain achievement, although the start time is late, but the speed of development embodies the importance of the financial product in China's banking industry, in the next time also will become one aspect of banking competition, to quick the financial product innovation can not only improve the profits of commercial Banks, but also improve commercial banks'own competitiveness. Therefore speeds up the financial product innovation, constantly overcome problems in innovation, further perfect financial product innovation system, protect the financial market stable to develop.