The Benchmark Interest Rate To The Influence Of The Commercial Bank Financial Product Yield

With the deepening reform of China's financial system,China's financial market gradually opening,the rapid development of national economy,people's income level.People began to invest beyond the daily consumption of assets.At the same time,due to the constant adjustment of the benchmark interest rate,deposit and lending spreads,China's commercial bank assets and liabilities and other traditional business revenues.Our country commercial bank in order to develop steadily in the process of this competition,you must find a new way to obtain profits.In the early stages of the 21 st century,after China's accession to the WTO,domestic commercial Banks also seize the opportunity to learn the experience of foreign commercial bank,began to adjust intermediary business for commercial Banks development direction.In 2004,China's commercial Banks issued the first products,China's commercial bank financing business has been developed rapidly since then,the extra money into financial products of commercial Banks become more and more investors in the new choice.Western commercial Banks in the middle of the twentieth century has been the wealth-management business,but the commercial bank of China has experienced decades of financial products is already close to maturity.Nowadays the types of products,quantity,scale rapid expansion,has become an indispensable important part to the development of China's commercial Banks.The adjustment of the benchmark interest rate have a what kind of impact on commercial bank financial management products,commercial Banks in China and how to deal with the benchmark interest rate adjustment to changes in the financial product benefits,thus the development is the focus of this article.In this paper,the combination of theory and empirical method is used to study the effect of the benchmark interest rate on the yield of commercial banks' financial products,and the comparative analysis method is used to compare the investment rate of different investment direction and different financial management period by the benchmark interest rate influence level.In the part of the theoretical analysis,this paper analyzes the collected data,compares the change of the benchmark interest rate in recent years with the circulation,the term structure and the investment direction of the financial products,and observes the relationship between these variables The relationship.In the empirical part,this paper chooses the SHIBOR interest rate as the benchmark interest rate in the empirical analysis of the article.The article first analyzes the factors that affect the yield of financial products and compares the factors that have the greatest impact on the yield of financial products.And then separately study the impact of the benchmark interest rate on the different investment directions and the yield of different term structure financial products.The empirical results show that there is a positive correlation between the benchmark interest rate and the profitability of the commercial bank financial products,and the benchmark interest rate is The yield of bond financial products has a greater impact on the yield of financial products,which has a greater impact on the yield of short-term,short-term and medium-term financial products,but less on the yield of long-term financial products The Finally,based on the above conclusions,this paper puts forward the measures of commercial banks to change the benchmark interest rate,so as to better develop the bank's financial management business.