The Research Of The Development And Risks Of Commercial Bank's Financial Products In China

In recent years, with the rapid development of the economy in China, rising incomes of the residents, and the awareness of the wealth management has been stronger. Not to metion the Rising price index and new low point of the bank deposit interest rates.People began to set their sights on commercial bank financial products. Since 2004, China Everbright Bank has issued the first renminbi wealth management products, commercial banks wealth management business in China has entered its 11 th year. From infancy to development, and then to maturity, from just dozens of financial products to today's thousands, from the initial release, only a few large banks to hundreds of banks now flourishing, the first single from the type of financial products to today's variety of financial products market. We are pleased to see the achievements, but we can't overlook the risks hiding the prosperity.In this paper, I introduced the concept of commercial bank financial products first, then introduced the development status and characteristics of commercial banks' financial products in China. Like a sharp increase in the number,the shorter term of trust as well as more attention to brand building and so on. The main problems are the lack of product innovation,the wrong market classification,the serious homogenization of the produces,as well as the profession of the wealth managers need to be improved. The main risks are credit risk, legal risk, market risk and so on.After the analysis of the problems and risks,I took the example of the crisis Credit Trust of the financial product which was issued by Zhongcheng Trust and China Construction Bank, analyzed the risks and pointed out the reasons for these problems. Finally,according to the successful experiences in foreign countries, I came up with some advices to commercial banks' financial products in China.For example, strengthen the regulation and formulate uniform risk rating standards, strengthen risk control, and promote the investors' risk education, make the accurate market positioning, establish professional financial management team and other policy recommendations.