The Transformation And Development Of Commercial Banks' Financial Services Under The New Regulations On Capital Management

In 2004,China Everbright Bank launched the first financial product in China.Since then,the scale of financial services of China's commercial Banks has developed rapidly.The increasingly complex structure of wealth management products and the increasing number of multi-layer nested products that evade supervision not only bring great trouble to investors in identifying investment risks,but also increase the difficulty of financial supervision of regulatory authorities and bring great challenges to regulatory agencies.In response to these problems,the People's Bank of China,together with the state administration of foreign exchange,the banking and insurance regulatory commission,and the China securities regulatory commission(CSRC),jointly issued The guidance on standardizing the asset management business of financial institutions in April 2018 in order to regulate the asset management market and guide the asset management industry to return to its original source.After the promulgation of the new rules on capital management,the capital management business of commercial Banks has been restricted to some extent,and the financial management business,as the business with the largest proportion in the capital management business,has also been impacted to some extent.Therefore,the primary problem facing commercial Banks is how to develop the financial management business.This article through to the assets of the new rules,information technology introduced background of the new rules are summarized and the core points,combined with China's banking financial market in 2018 annual report from the product survival situation,raising and investment assets distribution of the three parties face,analyzing the present situation and problems of our country commercial bank financing business found wealth management products in 2018 remaining balance overall stable,the new closed-end products average maturity increases,the new financial product is given priority to with low risk,finance capital main configuration direction for standardized assets.On this basis,taking postal savings bank of China as an example,this paper analyzes the development status of its financial services from the perspective of financial products and business scale,and finds that the postal savings bank has problems in product innovation and customer relationship based on the impact of new regulations on its financial services.Next,the paper proposes that the postal savings bank should transform its products and marketing network,strengthen investor education,and improve the construction of financing subsidiaries under the new regulation.Finally,the postal savings bank is generalized,and based on the background of the new regulation of asset management,three directions are provided for the transformation of financial services of commercial Banks in China:long-term products,net value,Diversification of business models,Asset allocation standardization;And put forward transformation Suggestions: Financial management on behalf of customers and support the real economy,Reconstructing product system,Strengthen risk management and control.