摘要
在居民储蓄存款的交易和预防需求得到一定程度的满足,及银行金融产品不断丰富的条件下,公众投机动机不断增强,居民存款"理财化"特征凸显。银行存款和理财产品因定价的差异,使居民放弃银行存款转而增加对理财产品的投资偏好,居民存款"理财化"必然推进存款利率的市场化。本文首先梳理了近几年来我国银行理财产品及储蓄存款的变动趋势,在此基础上就居民存款理财化原因进行剖析,并通过实证结果进一步检验了理财产品对储蓄存款存在长期的影响,最后分析了居民存款理财化对推动利率市场化进程的意义,提出相关建议。
As the transaction and preventive needs of savings deposit is somewhat satisfied and the financial products of banks get more diversified,the speculative motive of the public gets more increased. The residents＇ deposits gets more wealth managed,that is to say,the investment fund exit the banks＇ deposit and is used for wealth management products to increase their income. As the banks＇ deposit and wealth management products are priced differently,the residents tend not to deposit in the bank,instead they prefer to invest in wealth management products. Therefore,the wealth management of residents＇ deposit inevitably promoted the liberalization of deposit interest rate. This paper first reviews the wealth management products of China＇s banks and the changes of savings deposit. Based on an analysis of the reasons why the residents＇ deposit are more wealth managed,the empirical result further tests the long-term influence of wealth management products on the savings deposit. Lastly,the paper analyzes the significance of wealth management in promoting the liberalization of interest rate and proposes corresponding suggestion.
出处
《金融发展研究》
2014年第7期35-40,共6页
Journal Of Financial Development Research
关键词
储蓄存款
理财产品
替代效应
存款利率市场化
savings deposit
wealth management product
substitution effect
liberalization of deposit interest rate
