Research On The Development Of A Bank’s Financing Business Under The Background Of "New Regulations On Assets Management"

In order to standardize the asset management business of financial institutions,unify the standards of asset management industry,effectively guard against financial risks and better serve the real economy,the regulator promulgated the guidance on Regulating the Asset Management Business of Financial Institutions(hereinafter referred to as the "New Regulations").Since 2004 China Everbright Bank issued the first financial products,after more than 25 years of development,the off-the-table financial market has formed a huge volume.According to the "2017 Bank of China Financial market Report" released by China Wealth.com.cn,the balance of national bank financial products stock in 2017 was 29.54 trillion.Asset management business has made positive contributions to meet investors’ wealth management needs,optimize social financing structure and support real financing.However,in recent years,because the industry’s regulatory standards are not uniform,revealing many problems,the phenomenon of regulatory arbitrage is becoming more and more common,which has aggravated the transmission of risks and affected the effect of financial services to the real economy.In response to these problems,the "new regulations" launched a heavy blow to guard against the huge risks hidden by chaos.Under the policy background of "New Regulations on Asset Management",this paper takes Bank A as an example to study the development of financial management business of commercial banks in China.Firstly,based on the previous literature and theoretical research,this paper analyses the development status of bank A’s financial management business from two aspects:the issuance situation of bank A’s financial management business and the operation mode of fund pool,and summarizes four major problems accumulated in the development process of bank A’s financial management business,including the transmission of risk aggravated by multi-layer nested investment structure,the operation mode of fund pool increasing liquidity risk and non-bid investment.Capital has become the channel of credit statement and the problem of transferring risk to banks by rigid payment.Next,through the study of the relevant provisions of financial management business in the "New Regulations on Assets Management",the changes of financial management business of Bank A after the promulgation of the "New Regulations on Assets Management" are sorted out.After the new regulations prohibit multi-tier nesting and fund pool operation mode,the scale of bank A’s financial management business shrinks constantly.Restricting non-standard creditor’s rights and assets leads to the continuous decline of the scale of non-standard assets investment.After breaking the rigidity of payment,bank A turns to issue structural deposit products instead of Capital-Guaranteed financing,and at the same time increases the proportion of net value products.On this basis,by introducing the main content and influence of the Korean version of the "new regulations on capital management",and combining with the current situation of Bank A,we can draw lessons from the development experience of Korean commercial banks’financial management business.Finally,this paper takes the "New Regulations on Assets Management" as the guiding principle,and puts forward solutions to the existing problems of Bank A.In the future development of A Bank’s financial management business,it is necessary to further simplify the product transaction structure,strengthen the risk management of term mismatch,dispose of non-standard creditor’s rights assets rationally,strengthen the construction of net value product system,and rationally locate financial subsidiaries.