【作者】 邹航；

【导师】 罗军；

【作者基本信息】 西南财经大学 ， 工商管理（MBA）（专业学位）， 2023， 硕士

【摘要】 伴随着中国金融行业的飞速发展,非标准化业务(以下简称非标业务)取得了显著的增长。至2017年年底,中国的非标业务规模已达30.8万亿人民币,其中,银行非标业务占据了20.7万亿,超出一半的市场份额。尽管非标业务的显著增长为中国的经济发展和社会进步做出了重大贡献,但其无序扩张也为中国金融体系带来了严重的风险隐患。在此背景下,为防范系统性金融风险,中国人民银行、银保监会、证监会和外汇管理局联合发布了《关于反金融机构资产管理业务的指导意见》(以下简称《资管新规》)。这个新规的实施标志着非标业务监管时代的到来,对中国的非标业务乃至整个金融系统产生了深远影响。本研究主要探讨了《资管新规》实施后,X银行非标业务的变化及未来发展所面临的问题,并提出相关建议。研究采用了文献分析法、案例分析法以及定量和定性分析法,对上述内容进行了深入分析和研究。首先,本文先介绍了研究背景和意义,总结了国内外学者关于资管新规和非标业务的研究成果。然后,本文描述了《资管新规》实施前X银行非标业务的主要情况和存在的问题。再三,本文分析了《资管新规》实施后X银行非标业务的变化及变化原因,探讨了资管新规对未来发展非标业务所带来的挑战。再四,本文提供了X银行未来非标业务发展的建议。最后,本文总结了研究的结论并展望了未来研究的方向。本文的分析和研究表明,在《资管新规》出台前,银行非标业务的迅速发展主要归因于监管缺失和漏洞。银行通过设立资金池、进行资金多层嵌套和空转套利等方式获取高额利润和回报。然而,《资管新规》的实施通过填补监管漏洞、合并和协调监管职能、实施穿透式监管等措施,导致了银行非标业务规模的显著下降,其合规性和风险问题也得到了改善。然而,未来非标业务发展面临一系列挑战,包括盈利能力下降、对存款的拉动能力减弱、缺乏适当的底层资产、合规风险增加以及理财产品销售受阻等。在新的经济形势下,银行应强化理财产品销售能力,创新金融产品,选择优质非标业务,建设多元化人才队伍,深化改革和风险控制体系。同时,银行业也应认识到金融业务发展的客观规律,积极响应国家宏观经济政策和产业导向,理性对待非标业务发展,并通过标准化业务填补部分非标业务的空缺。本研究对于深入理解和贯彻《资管新规》,以及银行业未来如何开展非标业务具有重要的参考价值。更多还原

【Abstract】 With the rapid development of China’s financial industry,non-standard businesses are also thriving.As of the end of 2017,the scale of non-standard business in China reached 30.8 trillion yuan,of which bank non-standard business accounted for 20.7 trillion yuan,accounting for more than half.The rapid development of non-standard business has made great contributions to the development of China’s economy and social progress,but at the same time,the brutal growth of non-standard business has also buried serious risks and hidden dangers in China’s financial system.Financial institutions are evading regulation,credit funds are being used for arbitrage,and various financial turmoil is emerging endlessly.In order to prevent systemic financial risks in China and ensure the sustained and stable development of the economy,in 2018,the People’s Bank of China,the China Banking and Insurance Regulatory Commission,the China Securities Regulatory Commission,and the State Administration of Foreign Exchange jointly issued the "Guiding Opinions on Asset Management Business of Anti Financial Institutions"(hereinafter referred to as the "New Asset Management Regulations").The implementation of the "New Regulations on Asset Management" marks the arrival of the era of strong regulation of non-standard businesses,and has brought profound impacts to China’s non-standard businesses and even the entire financial system.This article mainly studies the changes in non-standard business of X Bank after the implementation of the new asset management regulations and the problems faced by non-standard owners in the future,and provides relative suggestions.This article mainly uses literature analysis,case analysis,and quantitative and qualitative analysis methods to analyze and study the above content.Firstly,this article introduces the relevant research background and significance,summarizes the relevant research of domestic and foreign scholars,and elaborates on the concepts and theories of new asset management regulations and non-standard businesses;Secondly,this article describes the main situation and existing problems of X Bank’s non-standard business before the implementation of the new asset management regulations;Thirdly,this article analyzes the changes in X Bank’s non-standard business after the implementation of the new asset management regulations and the reasons for the changes,as well as the problems faced by the development of nonstandard business after the new asset management regulations;Then this article provides specific suggestions for the future development of non-standard business of X Bank;Finally,there are conclusions and prospects.Through the analysis and research in this article,it is believed that before the introduction of the new asset management regulations,the non-standard business of banks developed rapidly and had high profitability,mainly due to regulatory loopholes and deficiencies;Banks evade regulation and pursue profits by establishing fund pools,multi-layer nesting of funds,and arbitrage of funds through idle transfers.After the introduction of the new asset management regulations,the scale of non-standard banking business has significantly decreased through filling regulatory loopholes,merging and coordinating regulatory functions,and conducting penetrating supervision of funds.The compliance and risk issues of nonstandard business have been improved,but at the same time,it also faces difficulties in future development: the profitability of non-standard business has significantly weakened,the ability to drive deposits has also decreased,and there is a lack of suitable underlying assets Increased compliance risk and hindered sales of wealth management products.Under the New Normal,banks should strengthen the sales ability of financial products,innovate financial products,select the best nonstandard business,build a diversified talent team,and deepen the reform of risk control system;At the same time,the banking industry should recognize the objective laws of financial business development,actively respond to national macroeconomic policies and industry guidance,treat the development of nonstandard business rationally,and fill some vacancies in non-standard business through standardized business.The research in this article has important reference significance for a deeper understanding and implementation of new asset management regulations,as well as how the banking industry will carry out non-standard business in the future.更多还原