What innovative financial products are there?

Question 1: What financial innovations are new products? Normally, I wouldn't tell you. If I tell you, it will become an old product. Financial products have no copyright, and the copying method is simple.

Question 2: Product innovation of financial products We often hear "financial innovation". In reality, financial innovation is more about financial product innovation. In recent 30 years, innovation is the most fashionable. The "elites" on Wall Street are even more unwilling to lag behind. They racked their brains and innovated constantly, creating various financial products, which caused serious imbalance and overwhelming financial tree in the United States. This is the systematic and market reason why Wall Street is almost self-destructive, and it is also one of the reasons why the American people are unwilling to save Wall Street. Financial innovation is a good thing and should be encouraged, but it cannot violate the laws of finance, let alone the laws of heaven and earth, because everything in the world can't get rid of the constraints of the laws of heaven and earth.

Question 3: What innovative Internet financial products are there in 20 14? Most innovations in the financial field are pseudo-innovations, and money will not produce a lot of economic benefits because it moves around. It is necessary for this nation to look down on those empty ones and pay more attention to industry.

Question 4: What are the financial innovations of banks? After China's entry into WTO, the banking industry will directly face the challenges of foreign banks. For its own survival and development, the urgent task is financial innovation.

Financial innovation: refers to new things produced or introduced through the reorganization and creative changes of various elements in the financial field, including the innovation of financial system, financial business and financial organizational structure.

Financial innovation tools are characterized by high returns and high risks. First of all, financial innovation tools are leveraged, that is, to get more investment with less capital cost and improve investment income. Generally, it is based on the price of the original tool, and it is not necessary to pay the full value of the relevant assets when trading. As long as you pay a certain percentage of margin or margin, you can get the right to operate the relevant assets, and realize the reverse trading of financial innovation tools and settle the price difference within a certain period of time. This "small and wide" trading method may bring high returns to traders, but it may also bring huge losses;

Secondly, financial innovation tools are virtual, that is, securities are independent of real capital movement, but they can bring certain benefits to securities holders. The price change of financial innovation tools with virtual characteristics is divorced from the physical movement process. Once formed, it will inevitably lead to a part of monetary capital staying in this kind of securities that can earn interest, thus gaining the right to operate risk profits. The market consequence of virtualization of financial innovation tools is that the scale of financial innovation market greatly exceeds the scale of primary market, even far away from primary market.

At present, there are four main trends in international financial innovation:

Innovation and diversification of financial products and financial instruments.

The importance of off-balance sheet is increasing day by day.

Securitization of financing methods.

The trend of financial market integration.

The forms and methods of financial innovation of commercial banks mainly include: (1) imitation method. Mainly refers to learning the financial innovation products of western developed countries and quickly imitating their applications. Its advantages are low innovation cost and high innovation speed. However, due to the differences of financial systems and economic development levels in different countries, complete imitation may not meet the needs of domestic markets and customers. (2) Improved methods. It refers to introducing some improvements on the basis of innovation in the same industry in developed countries and China, combined with the actual situation in China and our bank. This kind of innovation is often easily accepted because it takes into account the actual situation of the country and the effect is good. However, because it is not original and has no technical barriers, it is easy to be imitated by other banks and form homogenization. (3) Combination method. It refers to the recombination of various business elements or service methods to form financial products different from the past. This combination contains many contents, such as the combination of demand deposits, time deposits and savings deposits, the combination of local and foreign currency deposits, financial derivatives and so on. Making full use of various elements of this banking business can meet the needs of different customers. (4) creative method. Refers to financial products and services created by banks but not provided by other financial institutions. This is the original source of innovation, but also a magic weapon to maintain an advantage in the competition. However, this kind of innovation is difficult, and it is often developed by the head office of commercial banks, and branches of large commercial banks can also develop it. Developing small banks is costly, and sometimes it is not worth the loss.

Question 5: Briefly describe the main types of financial innovation. Financial innovation can be roughly divided into seven categories:

(1) financial system innovation

(2) Financial market innovation

(3) Financial product innovation

(4) Innovation of financial institutions

(5) financial resources innovation

(6) Financial science and technology innovation

(7) Financial management innovation

Details are as follows:

(1) financial system innovation

A country's financial system always evolves with the changes of political, economic, credit system, financial policy and other financial environments. This evolution is not only a structural change, but also an essential change in a sense. Financial system innovation includes the reform and development of financial organization system, supervision system and market system. It affects and determines the financial property rights, credit system, financial subject behavior and financial market mechanism and other aspects of the situation and operation quality.

(2) Financial market innovation

Financial market innovation mainly means that bank operators develop new markets according to the opportunities brought by the operating environment in a certain period of time. Modern financial markets generally include: 1. Differentiated markets, such as money market, foreign exchange market, capital market, gold market, securities market, mortgage market and insurance market. 2. The aging market, divided by duration, includes short-term capital borrowing market, bill discount market, short-term borrowing market and short-term bond market. There are long-term capital markets, such as long-term bond market and stock market. 3. Regional markets, such as domestic financial markets and international financial markets. Financial market innovation mainly refers to the opening up of new financial markets by microeconomic entities or the establishment of new financial markets by macroeconomic entities. Due to the transition and transformation from financial market to advanced financial market, closed financial market has entered and expanded to open financial market.

(3) Financial product innovation

The core of financial products is the function of meeting demand, including financial instruments and banking services. The form of financial products is the type, characteristics, methods, quality and reputation of products required by customers, which makes customers convenient, safe and profitable. In the international financial market, most financial innovations belong to the innovation of financial products.

(4) Innovation of financial institutions

The innovation of financial institutions is based on the content and characteristics of financial innovation management, aiming at creating new operating institutions and establishing a complete system.

(5) financial resources innovation

Financial resources refer to talents, funds, finance, information, etc. It is a necessary prerequisite to ensure the normal operation of banks. The innovation of financial resources mainly includes the following aspects: 1. Source innovation of financial resources. First of all, the normal operation of the financial industry must have specialized talents. The sources of talents include cultivating and absorbing senior talents from other institutions and introducing foreign senior professionals. Secondly, there must be sufficient sources of funds, which requires the operators of financial institutions to keep abreast of the dynamics of the capital supply market, explore and seek new channels of capital supply, and open up new debt business. 2. Structural innovation of financial resources. The structure of financial resources includes timely and accurate information, large proportion of senior professionals, reasonable debt structure and advanced financial management. It can create business efficiency and methods ahead of peers. 3. Innovation of financing methods. There are different ways to attract and gather different financial resources, so bank operators should constantly create new means, gather the financial resources they need in the most economical and effective way, and rationally allocate these resources in order to maximize the benefits in their operations.

(6) Financial science and technology innovation

Financial technological innovation and financial liberalization since 1970s. Mainly reflected in banks and non-bank financial institutions, financial services pay attention to speed and efficiency, and the application of science and technology in the financial field has had an epoch-making impact on financial business. On the one hand, it has narrowed the distance between the financial market in time and space, on the other hand, it has diversified and internationalized financial services.

(7) Financial management innovation

The innovative mechanism of financial management includes two aspects: on the one hand, the state indirectly manages the financial industry through legislation, with the goal of stabilizing the currency and developing the economy; On the other hand, the internal management of financial institutions should establish a sound internal control mechanism, including institutional management, credit fund management, investment risk management, financial management, labor and personnel management, etc. At present, the focus of financial institution management is to limit the use of funds through the sources of funds and realize the total amount and structure of bank assets and liabilities. & gt

Question 6: What are the strategies for financial product innovation? Divide the basic financial products or derivative products into five points and then combine them into new financial products. That's the idea. In principle, it is the matching of risks and benefits. The strategy is to sell the right products to the right people.

I don't know. I hope it helps you ~

Question 7: What are the derivatives of financial innovation tools? They are also called financial derivatives.

abstract

Financial asset derivatives are the product of financial innovation, that is, by creating financial instruments to help managers of financial institutions better control risks, which is called financial derivatives. At present, the main financial derivatives are: forward contracts, financial futures, options and swaps.

Ordinary derivatives

(1) futures contract. Futures contract refers to the standardized contract made by the futures exchange to deliver a certain quantity and quality of physical or financial goods at a specific time and place in the future.

(2) Option contract. Option contract refers to the option contract that the buyer of the contract can get after paying a certain amount. At present, warrants in China's securities market belong to call options, while put warrants belong to put options.

(3) Forward contracts. Forward contract refers to a contract in which both parties agree that the buyer will buy a certain amount of subject matter from the seller at an agreed value on a certain date in the future.

(4) swap contracts. A swap contract refers to a contract in which both parties exchange a series of cash flows in a certain period in the future. According to different contract items, swaps can be divided into interest rate swaps, currency swaps, commodity swaps and equity swaps. Among them, interest rate swap and currency swap are more common.

Question 8: Historical accumulation of reasons for financial product innovation (1).

Looking at the development history of western financial product innovation, from the 1960s, it can be divided into management innovation, risk transfer innovation and risk prevention innovation, and now all kinds of innovations are carried out at the same time. It can be seen that the product innovation of commercial banks needs historical accumulation and the continuity of innovative products at all stages. China's banks have changed from professional banks in the planned economy period to commercial banks in the market economy period, with only a history of more than ten years, and there are many shortcomings in management, banking technology and equipment, talent reserve and so on. Due to historical reasons, the problem of non-performing assets such as insufficient self-owned capital and bad debts in China's banking industry is serious and its risk tolerance is poor. These problems show the inherent fragility of China's banking system and are not conducive to the development of financial product innovation.

(2) Financial environment.

1. Domestic legal system construction is relatively backward.

In recent years, China's economic and financial environment is undergoing tremendous changes, but the corresponding laws and regulations can't keep pace. For example, bank wealth management business and electronic service business lack legal support. The contradiction between the requirements of product innovation and the relatively backward construction of laws and regulations will make emerging products hide certain legal risks.

.2. Financial supervision restricts financial innovation.

Internationally, financial supervision can not only inhibit financial innovation, but also promote it. However, the high savings rate of China residents and the high interest rate difference between deposits and loans make banks have no profit pressure, and the immature capital market makes banks lack the motivation to innovate. Therefore, financial supervision only shows a binding effect on Chinese banks. Financial supervision mainly includes interest rate control, foreign exchange control and banking business control. In terms of interest rate, although market mechanism has been introduced into interest rate management, interest rate adjustment is still greatly influenced by the national economic situation. * * * The high deposit-loan spread makes banks gain high profits steadily. At the same time, interest rate control deprives banks of the pricing power of product innovation, which makes banks have the inertia of product innovation. Even if they have the enthusiasm for innovation, they will lose their innovation ability because of regulation.

There are two problems in financial supervision. First, the regulatory concept is conservative, following a kind of "forbidden if there is no explicit provision in the law" and "allowed to do what can be done". Secondly, due to the restriction of the regulatory system, the product innovation of commercial banks can only be a low-level product innovation within the traditional business, that is, a higher-level innovation cannot be carried out in the cross-business of various financial institutions. In short, China's existing financial supervision methods have seriously restricted the enthusiasm of commercial banks for innovation.

Question 9: The innovation trend of foreign financial products of commercial banks With the disintegration of the Bretton Woods system and the worldwide oil crisis, interest rates and exchange rates fluctuated sharply. The old business models and business types of financial institutions have lost their market with the changes of macroeconomic environment, and at the same time, they have created new potential business and huge development space for financial institutions. At the same time, the rapid development of computer and communication technology and the breakthrough of financial theory have promoted the innovation ability of financial institutions by leaps and bounds, while the innovation cost is decreasing day by day. Attracted by the strong external demand and bright profit prospects, the global financial field has broken through various internal and external constraints through a large number of innovative activities, and a wide and profound change has taken place: new businesses, new markets and new institutions are surging, which not only changes the financial aggregate and structure, but also launches a fierce impact on the financial system, posing a severe challenge to monetary policy and macro-control. At present, the international financial market is turbulent, and a new international financial order needs to be formed urgently. We call these changes in the financial field "financial innovation" to cope with this turbulent situation. Financial innovation can be divided into broad sense and narrow sense. Financial innovation in a narrow sense refers to a series of financial business innovations triggered by financial deregulation in western developed countries since 1970s. Financial innovation in a broad sense is the process of continuous growth and innovation of the financial system. In a word, financial innovation refers to the change of internal factors of financial institutions. Since the emergence of modern banks, financial institutions, financial markets, international monetary system, traditional business of banks, payment and settlement system of banks, assets and liabilities management of banks and even the whole financial system have experienced financial innovations again and again. The financial innovation involved in this paper refers to financial innovation in a broad sense, mainly including the innovation of financial products and financial instruments; Financial service innovation; Financial market innovation and the role of financial institutions. The development of financial innovation, with the background of rapid economic development and accelerated capital flow in the 1960s and the opportunity of deregulation in the 1970s and 1980s, has maintained a constant momentum. In 1990s, international financial innovation developed rapidly around off-balance sheet business, financing securitization and global integration of financial markets. At present, there are four main trends in international financial innovation: 1. Innovation and diversification of financial products and financial instruments. 2. The importance of off-balance sheet is increasing day by day. 3. Financing securitization. 4. The trend of financial market integration.

Question 10: Pay attention to avoiding risks in financial innovative products 1. Financial product innovation should be combined with national conditions. In the financial field, the main manifestations of China's special national conditions are as follows: First, China's ability to resist international financial risks is particularly strong, but the transmission mechanism of international financial storms formed under the special financial system is "false failure"; Second, financial products are far from foreign banks in quantity and quality; Third, the national financial quality is relatively low. In this case, when innovating financial products, Chinese commercial banks should first pay attention to reducing the risk of depositors and avoiding the "financial avalanche" caused by psychological panic; Secondly, we should consider the possible impact of international financial risks caused by the "false failure" caused by the commitment of financial opening after China's entry into WTO, especially the "financial attack" of international hot money on China; In addition, mass products should adapt to the current situation of national financial quality in order to reduce the occurrence of risks. 2. Financial product innovation should make full use of the law of latecomer advantage. In the process of financial modernization, China, as a "latecomer", analyzed, studied, compared and summarized tens of thousands of financial products created by the international financial industry (starters) in the process of financial product innovation, and found out the financial products that fit the national conditions, can avoid risks and bring benefits, thus shortening the "exploration in the dark". This kind of referential innovation should become the main channel and shortcut for financial product innovation of commercial banks in China. Of course, we do not rule out vigorously developing original financial product innovations that are in line with national conditions and have strong competitiveness. Only when reference and original innovations are up, can the international competitiveness of China's commercial banks be greatly improved. 3. Avoiding the new risks of financial products mainly lies in strengthening internal control. Although financial risks are accompanied by financial innovation, attention to avoidance and effective financial management in product innovation can make risks controllable, and the most important thing is to strengthen internal control. As long as the internal management monitoring is properly put in place, even the highly leveraged and risky derivatives risks can be controlled: so many derivatives transactions conducted by so many banks in the international financial industry have led to the collapse of only one Bahrain bank! And this Bahrain bank is precisely because of bureaucratic management confusion and lax internal control.