| In recent two years,the number of foreign exchange financial products issued by commercial banks in China has declined seriously,the rate of return continuously declined,and the development of products suffered unprecedented stagnation and retrogression.What are the causes behind all these? Is it related to Sino-US trade friction? Based on the development characteristics of the Sino-US trade friction and foreign exchange financial products,the paper finds out the factors linking the two and,according to the order of risk transmission,analyzes three levels,financial investment market,foreign exchange financial management operation and issuance of BOC Huizeng in turn,and finally comes to the conclusion that the Sino-US trade friction has caused downward pressure on China’s financial market and resulted in negative impact on foreign exchange financial products investing in this field,and specifically to the conclusion that the indexes of BOC Huizeng product are weakening.Finally,some suggestions are given to reduce the unfavorable losses of foreign exchange financial products of commercial banks in China under the influence of external events.Firstly,the paper observes the change trend of bond market,monetary market,exchange rate market and financial derivatives yield from the financial market investment data from 2018 to 2019 and,by focusing on the time point coinciding with Sino-US trade friction event,finds that the turning point of investment yield in China’s financial market is within one quarter after Sino-US trade friction,and the overall trend is downward,thus summarizing the influencing factors and changes of Sino-US trade friction on China’s financial market.Secondly,using the data of foreign exchange financial management products issued by commercial banks from 2018 to 2019,the paper conducts a quantitative analysis on the impact of Sino-US trade friction,and makes a data analysis and summary on the issuance quantity,issuance duration,issuance yield and investment target of fixed income products and structural income products respectively.The conclusion drawn is that due to the impact of Sino-US trade friction,the issuance quantity of foreign exchange financial management products of commercial banks decreases,different products are focused on in different time periods in terms of the issuance product duration,the issuance yield falls,and the investment target is more inclined to investment tools with stable income and low fluctuation risk.This conclusion was later demonstrated and confirmed with BOC Huizeng product issued by the Bank of China.Finally,according to qualitative and quantitative analysis and research,the paper gives suggestions of product innovation and development,improvement of service quality and improvement of marketing methods respectively,and puts forward business strategies forcommercial banks such as emphasis on professional personnel training and strengthening risk control,with an aim to promote the healthy development of foreign exchange wealth management products of China’s commercial banks.It is hoped that they could have stable product models and mature business models that can withstand the huge impact of adverse effects brought by international economic,political and social events in the future. |
