CAJ | 학술논문

为增加资金来源、提高经营利润率，商业银行大规模出售理财产品。然而，近年来理财产品市场发展的不规范及其收益的不确定性已开始显现。通过对我国商业银行理财产品发展规模与结构进行深入剖析后发现：股份制商业银行和城市商业银行是发售理财产品的主要机构，发售理财产品商业银行数目及理财产品种类的增加促使理财产品规模迅速膨胀；现有理财产品多为人民币理财产品，而在外币理财产品中以美元理财产品为多；信息披露不全、品种结构不合理、同质化严重等使得商业银行理财产品收益具有脆弱性，而物价波动、金融资产价格振荡、信息不对称等是其收益不确定的根源。由此，提出促进我国商业银行理财产品市场可持续发展的建议。
위증가자금래원、제고경영리윤솔，상업은행대규모출수리재산품。연이，근년래리재산품시장발전적불규범급기수익적불학정성이개시현현。통과대아국상업은행리재산품발전규모여결구진행심입부석후발현：고빈제상업은행화성시상업은행시발수리재산품적주요궤구，발수리재산품상업은행수목급리재산품충류적증가촉사리재산품규모신속팽창；현유리재산품다위인민폐리재산품，이재외폐리재산품중이미원리재산품위다；신식피로불전、품충결구불합리、동질화엄중등사득상업은행리재산품수익구유취약성，이물개파동、금융자산개격진탕、신식불대칭등시기수익불학정적근원。유차，제출촉진아국상업은행리재산품시장가지속발전적건의。
In order to increase funding and improve the operating profit ratio, financial products of commercial banks have been developing rapidly in recent years.However, their earnings uncertainty as well as irregularities of development is also emerging gradually.Through the analysis of developing scale and structure of financial prod-ucts, numerous phenomena can be found that the increasing number of commercial banks issuing financial products and increasing types of financial products promote the rapid expansion of the scale of financial products; joint-stock commercial banks and city commercial banks are the main institutions issuing financial products;many prob-lems such as incomplete information disclosure, irrational product structure and serious homogeneity have made fi-nancial products of commercial banks vulnerable.Furthermore, the earnings uncertainty of financial products comes mainly from price fluctuations, asset price volatility and asymmetry of information.Based on these, this paper pro-poses a series of suggestions to promote the sustainable development of China’ s commercial banks’ financial prod-uct market.