Based On China Securities New Energy Vehicle Index Design Of Structured Financial Products

Peaking carbon by 2030 and becoming carbon neutral by 2060 are important commitments China has made to the world,aiming to reduce energy consumption and pollutant emissions and improve energy efficiency.Since 2022,the state has promulgated a series of policies to promote the development of the new energy vehicle industry,and the policy dividend in the field of new energy vehicles has been increasing,promoting the rapid development of the new energy vehicle industry,boosting investors’ confidence in the new energy vehicle market,and the new energy vehicle sector is vigorously pursued by investors.However,due to the high technical complexity of this industry,there are many industry segments involved,and the corresponding valuation level is quite different,so it is difficult to grasp the investment opportunities.For ordinary investors,it is a better choice to invest in the new energy automobile industry through bank structured financial products.However,there is a lack of corresponding structured financial products in the market at the present stage.Therefore,this paper designs a structured financial product based on the China Securities New energy Vehicle index,in order to meet the personalized investment needs of investors.This paper first analyzes the supply and demand of the financial product market,reveals the reasons for selecting the China Securities new energy vehicle index,and designs the product scheme,including the design of fixed income,option and specific parameters.For the fixed income part,the bank certificate of deposit,a money market product with stable income and good credit,is selected.For the option part,the average Asian call option is selected as the option type of the option part of this product through the analysis of the future trend of the linked object(China Securities New energy Automobile Index)and the volatility in recent years.Secondly,the pricing analysis of the structured financial products designed in this paper is carried out.The financial engineering decomposition technology is used to decompose the products into fixed income part and options part for pricing analysis.The fixed income part is priced by the discounted cash flow method.The discount rate is the arithmetic average of the yield of three-month Treasury bonds in the previous year.In the option part,the Monte Carlo simulation method which can reflect the path is used to price the option part.After the completion of the pricing,the value of the two parts is added up to the total value of the product.The results show that the theoretical price of the product is slightly higher than the subscription price,which is issued at a discount and the product design is reasonable.In order to highlight the uniqueness of this product and the market competitiveness of this product after its release,the product was analyzed for return and risk,and the sensitivity analysis of the impact of risk-free interest rate of a single risk factor and the volatility of China Securities New energy Vehicle index on the product value.Besides,financial products issued by different banks in the market were introduced for comparative analysis.SWOT analysis is used to comprehensively analyze the characteristics of this product,and finally the promotion strategy of this product is given.