Research On Government Supervision Of Financial Products Of Bank Of China Xuzhou Branch

Since entering the new era,our country has carried out a number of reforms,and the financial system reform is also one of them.The reform of the financial system has promoted the high-quality development of the financial industry to a certain extent.As one of the important players in the financial industry,commercial banks,As an enterprise,it is also for profit,but the products it launches are very different from those launched by ordinary enterprises.In the process of operation of commercial banks,the goal of their operation is to pursue the maximization of profits.In the context of financial system reform,commercial banks have limited profit space for traditional business.In order to expand the profit space,commercial banks actively expand new business,Such as wealth management business,intermediary business,etc.Many commercial banks have launched a lot of wealth management products,which reflects the financial innovation.However,the scale of funds invested in the wealth management products launched by many banks is huge,especially for some high-yield wealth management products.The accompanying risks are Huge,this requires supervision of the risks of wealth management products.Commercial banks have also established corresponding risk management committees to identify,evaluate and supervise the risks of wealth management products.However,the effect of supervision is very limited.In order to maintain the sustainable development of the industry and stabilize the financial order,relevant government departments also need to strengthen supervision.Through investigation and analysis,it is found that the government supervision o f financial products of Bank of China Xuzhou branch has achieved many positive resu lts: unify the regulatory framework and break the rigid cashing;Establish Bank of Chi na Financial Management Co.,Ltd;Strictly assess the risk level of investors;Launch t he national banking financial management information registration system;Supportin g system construction,and constantly improve the regulatory framework of financial management business.However,there are still some problems that need to be further solved: the unity of government supervision and punishment standards is not high;Th e main body of self-regulation plays a limited role;The implementation effect of gove rnment supervision is not good;The independence of financial supervision subject is poor;The protection of investors’ rights and interests and investment education are not enough.The main reasons for these problems are: imperfect regulatory laws and regul ations;The adaptability of government supervision mechanism is poor;Lack of profes sional quality and ability of government supervisors;Weak government supervision;Backward supervision concept and lack of dynamic supervision mechanism;The supe rvision system of civic education is not mature.Based on the beneficial experience at home and abroad,the countermeasures and suggestions to improve the government su pervision of personal financial products of Bank of China Xuzhou branch are as follo ws: First,improve the legal and regulatory system of financial products supervision;S econd,improve the administrative supervision system and mechanism;Third,improve the professional quality of government supervisors;Fourth,improve the independent s upervision mechanism of supervision subjects;Fifth,supervise and urge self-disciplin e supervision and encourage social participation in the supervision mechanism.