Research On The Problem Of Bank 's Deposit Financial Products

With the deepening development of reform on China’s financial mechanism, the process of interest rate marketization has been in the core sector of RMB deposit interest rate. Furthermore, according to the degree of maturity, promoting the interest rate marketization step by step through releasing the control on the price of substitute financial products has been stipulated in’The12th Five-year-plan of The Development and Reform on Financial Industry’. But there are no explanation in details on how to understand the maturity degree of the preconditions and how to ascertain the substitute financial products.At the same time, the wealth management products of RMB have experienced a rapid development in recent years, and have been the major and positive method of struggling for the savings deposits by the commercial banks. But, from the view of internal profit-making, the higher yields of wealth management products have been questioned for the high cost. On the other hand, from the view of outer compliance, the wealth management products have to encounter the risks of being accused of unfairly completion of savings deposits and supervision arbitrage. With the turnover increase of wealth management products, the credit risks and the liquidity risks have accumulated gradually. The regulator and the bank must pay more attention on how to measure and analyze the direction of the future development of the wealth management products in the background of interest rate marketization.The paper is on the practical research on the wealth management products based on the interest rate marketization in the sector of RMB deposit interest rate. The paper consists of six chapters. First of all, the author tries to find the essence of the rapid development of wealth management products in recent years through analyzing both the outer characters of presence and the internal characters of the operations. Next, the author analyzes the structure and the difficulties of the current supervision mechanisms. Fact is found that the development of the wealth management products have exceeded the supervision hypothesis at the beginning. According to the further analysis, the author finds the close relationship between the rapid development of the wealth management products and the interest rate marketization. The wealth management products, due to the particular characters are just the right substitution of the deposits and can be the effective channel to promote the development of the RMB interest rate reform based on the market-oriented. In the end, on the basis of practical environments, the author suggests to re-differentiate the wealth management products. Suggest, differentiate the similar-deposit wealth management products and the similar-invest products, according to the indeed redemption responsibilities the banks take. Furthermore, the author suggests that the similar-deposit wealth management products should be supervised as the deposits in order to protect the investors’interest to the utmost.