Question 1: What are the financial innovation products? Financial innovation is a new product. Generally speaking, it will not be told to you. If it is told to you, it will become an old product. Financial products have no copyright and are easy to copy.

Question 2: Product innovation of financial products We often hear about "financial innovation". In reality, financial innovation is more about financial product innovation. In the past 30 years, innovation has been the most fashionable. Wall Street’s “elites” are not far behind. They racked their brains and constantly innovated to create a variety of financial products. As a result, the financial tree of the United States was seriously imbalanced and overwhelmed. This is the system and market reason why Wall Street is almost "self-destructing" this time. This is also one of the reasons why the American people are very reluctant 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 nothing on earth can escape the constraints of the laws of heaven and earth.

Question 3: What are the innovative Internet financial products in 2014? Most innovations in the financial sector are pseudo-innovations, and money will not generate a lot of economic benefits just by moving it here and there. It is necessary for this nation to look down on the fictitious and pay more attention to industry

Question 4: What are the innovations in banking finance? After China joins the WTO, the banking industry will directly face the challenges of foreign banks. For its own To survive and develop, the top priority is probably financial innovation.

Financial innovation: refers to new things produced or introduced through the recombination and creative transformation of various elements in the financial field, including innovations in financial systems, financial businesses, and financial organizational structures.

Financial innovation tools are characterized by high returns and high risks. First of all, financial innovation tools are leveraged, that is, more investment can be obtained with less capital cost to increase investment returns. Generally, it is based on the price of the original instrument. You do not have to pay off the entire value of the relevant assets during the transaction. As long as you deposit a certain proportion of the deposit or margin, you can obtain the management rights of the relevant assets. After a certain period of time, you can control the financial transactions that have been made. Innovative tools trade in the opposite direction and settle the difference. This "small and big" trading method may bring high income to traders, but may also bring huge losses;

Secondly, financial innovation tools are virtual, that is, securities have the ability to be independent of reality. In addition to capital movement, it can also bring certain income to security holders. The price changes of financial innovation instruments with virtual characteristics are separated from the physical movement process. Once it is formed, it will inevitably cause a part of monetary capital to stay on such interest-bearing securities in order to obtain the right to manage risks and profits. The market consequence of the virtual nature of financial innovation tools is that the scale of the financial innovation market greatly exceeds the scale of the native market, and is even far removed from the native market.

At present, international financial innovation mainly has the following four trends:

Innovation and diversification of financial products and financial instruments.

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

Financing method securitization.

Financial market integration trend.

There are mainly the following forms and methods for commercial banks to carry out financial innovation: (I) Imitation method. It mainly refers to learning from the financial innovation products of Western developed countries and quickly imitating and applying them. Its advantages are low innovation cost and fast innovation speed. However, due to differences in the financial systems and economic development levels of various countries, complete imitation may not necessarily be able to meet the needs of the country's market and customers. (2)Improvement method. It refers to the launch after making some improvements based on learning from the innovations of developed countries and domestic peers, and then combining the actual conditions of the country and the bank. Because this kind of innovation takes into account the actual situation of the country, it is often easily accepted and has better effects. However, since it is not original and has no technical barriers, it can easily be imitated by other banks and become homogeneous. (3) Combination method. It refers to the recombination of various business elements or service methods to form financial products that are different from the previous ones. This combination has many contents, such as a combination of current, time and savings deposits, a combination of local and foreign currency deposits, and financial derivatives, etc. This full utilization of various elements of banking business can meet the needs of different customers. (4) Creation method. It refers to financial products and services created by banks that are not yet available in other financial institutions. This is the original source of innovation and the magic weapon to maintain an advantage in the competition. However, this kind of innovation has a certain degree of difficulty. It is often developed by the head office of a commercial bank. Branches of large commercial banks can also develop it. The development cost of small banks is higher, and sometimes the gain outweighs the loss.

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

(1) Financial system innovation

(2) Financial innovation Market innovation

(3) Financial product innovation

(4) Financial institution innovation

(5) Financial resource innovation

(6 ) Financial technology innovation

(7) Financial management innovation

The details are as follows:

(1) Financial system innovation

A country’s Financial systems always evolve gradually with changes in the financial environment, such as changes in politics, economy, credit systems, financial policies, etc. This evolution is not only a structural change, but in a sense, it is also an essential changes in. Financial system innovation includes the transformation and development of financial organization systems, regulatory systems, and market systems. It affects and determines the status and operational quality of financial property rights, credit systems, the behavior of various financial entities, and financial market mechanisms.

(2) Financial market innovation

Financial market innovation mainly refers to the development of new markets by bank operators based on the opportunities created by the operating environment in a certain period. Modern financial markets roughly include: 1. Differentiated markets, such as money market, foreign exchange market, capital market, gold market, securities market, mortgage market, insurance market, etc. divided according to different contents. 2. Temporal markets are divided according to the length of the term. The short-term ones include the capital lending market, the bill discount market, the short-term loan market, the short-term bond market, etc.; the long-term ones include the capital market, such as the long-term bond market, the stock market, etc. 3. Regional markets, such as domestic financial markets, international financial markets, etc. Financial market innovation mainly refers to microeconomic entities opening up new financial markets or macroeconomic entities establishing new financial markets. Due to the transition and transformation of financial markets to more advanced financial markets, the entry and expansion from closed financial markets to open financial markets.

(3) Financial product innovation

The core of financial products is the function that meets needs, which includes financial instruments and banking services. The form of financial products is the product type, features, methods, quality and reputation required by customers, making them convenient, safe and profitable. In the international financial market, most financial innovations belong to the innovation of financial products.

(4) Innovation of financial institutions

Innovation of financial institutions is based on the content and characteristics of financial innovation operations, with the purpose of creating new operating institutions and establishing a complete institutional system .

(5) Financial resource innovation

Financial resources refer to talents, funds, finance, information, etc. It is a necessary prerequisite to ensure the normal operation of banks. Financial resource innovation mainly includes the following Aspects of content: 1. Source innovation of financial resources. First of all, the normal operation of the financial industry must have specialized talents, and the sources of talents include cultivating themselves, absorbing senior talents from other institutions, and introducing senior foreign professionals; secondly, there must be sufficient guarantee of funding sources, which requires financial institution operators to keep abreast of The dynamics of the capital supply market, exploring and seeking new capital supply channels, and opening up new liability businesses. 2. Structural innovation of financial resources. The financial resource structure includes timely and accurate grasp of various information, a large proportion of senior professionals, a reasonable liability structure, and advanced financial management. It can create operating efficiencies and methods that are ahead of its peers. 3. Innovation in the way of gathering financial resources. Different financial resources have different ways of attracting and gathering. Bank operators must constantly create new means, use the most economical and effective methods to gather the financial operating resources they need, and rationally allocate these resources in order to obtain Maximize operational efficiency.

(6) Financial technology innovation

Financial technology innovation and financial liberalization since the 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 reduces the distance between financial markets in time and space, and on the other hand, it diversifies and internationalizes financial services.

(7) Financial management innovation

The financial industry management innovation mechanism includes two aspects: on the one hand, the state indirectly manages the financial industry through legislation, with the goal of stabilizing currency and developing the economy. On the other hand, for the internal management of financial institutions, a complete internal control mechanism should be established, including institutional management, credit fund management, investment risk management, financial management, labor and personnel management, etc.

At present, the management of financial institutions focuses on restricting the use of funds through the source of funds, and realizing the total amount and structure of bank assets and liabilities... >>

Question 6: Financial product innovation has Which strategies are divided into 5 points? Split basic financial products or derivatives and combine them to form new financial products. This is the idea. In principle, the risk and return are matched. The strategy is to sell the right products to the right people.

i don't know. I hope this helps~

Question 7: What are the tools of financial innovation? Derivative financial assets are also called financial derivatives (financial derivatives)

Overview

Derivatives of financial assets are the product of financial innovation, which means creating financial instruments to help managers of financial institutions better control risks. Such instruments are called financial derivatives. At present, the most important financial derivatives include: forward contracts, financial futures, options and swaps, etc.

Common derivatives

(1) Futures contracts. Futures contracts refer to standardized contracts formulated by futures exchanges that stipulate the delivery of a certain quantity and quality of physical commodities or financial commodities at a specific time and place in the future.

(2) Options contract. An option contract refers to an option contract that the buyer of the contract can obtain after paying a certain amount of money. Currently, the warrants launched in our securities market are call options, while the put warrants are put options.

(3) Forward contract. A forward contract refers to a contract in which the two parties agree that the buyer will purchase a certain quantity of the subject item from the seller at an agreed value on a future date.

(4) Swap contract. A swap contract refers to a contract in which the two parties exchange a series of cash flows within a certain period in the future. Depending on the subject matter of the contract, swaps can be divided into interest rate swaps, currency swaps, commodity swaps, equity swaps, etc. Among them, interest rate swaps and currency swaps are relatively common.

Question 8: Reasons for financial product innovation (1) Reasons for historical accumulation.

Throughout the history of innovation and development of financial products in the West, starting from the 1960s, it can be divided into avoidance innovation, risk transfer innovation, and risk prevention innovation. Nowadays, various innovations are being promoted simultaneously. It can be seen that Product innovation in commercial banks requires historical accumulation and continuity of innovative products at each stage. Our country's banks have transformed from professional banks in the planned economy period to commercial banks in the current market economy period. They have only more than ten years of history and have many deficiencies in terms of operation and management, banking technology and equipment, and talent reserves. Due to historical reasons, my country's banking industry has serious problems of insufficient own capital, bad debts, bad debts and other non-performing assets, and poor risk tolerance. This series of problems shows the inherent fragility of my country's banking system and is not conducive to financial product innovation. development.

(2) Reasons related to financial environment.

1. The domestic legal system is relatively backward.

In recent years, my country's economic and financial environment has been undergoing tremendous changes, but the corresponding laws and regulations have not kept pace. For example, bank financial management business and electronic service business lack legal support. The contradiction between the requirements for product innovation and the relatively lagging laws and regulations will cause emerging products to hide certain legal risks.

.2. Financial supervision restricts financial innovation.

From an international perspective, financial regulation has both negative and inhibitory effects on financial innovation. However, the high savings rate of Chinese residents and the policy-based high deposit-loan interest rate differentials make banks have no profit pressure. The capital market is not yet fully mature, which makes banks lack motivation for innovation. Therefore, financial supervision only shows a restraining effect on our banks. Financial supervision is mainly reflected in interest rate control, foreign exchange control, banking business control, etc. From the perspective of interest rates, although market mechanisms have been introduced into interest rate management, interest rate adjustments are still largely affected by the national economic situation. *** The high deposit and loan interest rate enacted allows banks to secure high profits. At the same time, interest rate controls deprive banks of their pricing power for product innovation. These make banks inert in product innovation. Even if they have enthusiasm for innovation, they will be hindered by controls. Loss of innovation ability.

There are still two problems in financial supervision. First, the regulatory philosophy is conservative and follows the principle of "anything not expressly stipulated in the law is prohibited" and "only what can be done is allowed." Second, the constraints of the regulatory system, "separate operations, separate supervision" make commercial bank product innovation only low-level product innovation within traditional businesses, that is, they cannot carry out higher-level product innovation in the cross-business of various financial institutions. of innovation. In short, my country's existing financial supervision methods severely restrict the enthusiasm of commercial banks to innovate.

Question 9: The trend of foreign financial product innovation in commercial banks’ financial innovation. With the disintegration of the Bretton Woods system and the global oil crisis, interest rates and exchange rates have fluctuated violently. The old business models and business types of financial institutions have lost their market along with changes in the macroeconomic environment, while at the same time creating new potential businesses and huge development space for financial institutions.

At the same time, the rapid development of computer and communication technology and breakthroughs in financial theory have led to rapid improvements in the innovation capabilities of financial institutions, while the cost of innovation has been decreasing day by day. Under the call of strong external demand and attracted by the bright profit prospects, the global financial field has broken through various constraints from internal and external through a large number of innovative activities, and has undergone an extensive and profound change that is still continuing today: New The surging business, new markets, and new institutions have not only changed the total financial volume and structure, but also launched a violent impact on the financial system, posing severe challenges to monetary policy and macro-control. The international financial market is currently in turmoil, and a new international financial order has yet to be formed. We collectively refer to these changes in the financial sector in response to this turbulent situation as "financial innovation." Financial innovation can be divided into broad and narrow senses. Financial innovation in the narrow sense refers to a series of financial business innovations triggered by the relaxation of financial controls in Western developed countries since the 1970s; financial innovation in the broad sense is a process in which the financial system continues to grow and innovate. All in all, financial innovation refers to changes in the internal elements of financial institutions. Since the emergence of modern banks, financial institutions, financial markets, international monetary systems, banks' traditional businesses, bank payment and settlement systems, bank asset and liability management, and even the entire financial system have experienced financial innovations again and again. The financial innovation involved in this article refers to financial innovation in a broad sense, which mainly includes innovation in financial products and financial instruments; innovation in financial services; innovation in financial markets and innovation in the functions of financial institutions. The development of financial innovation was based on the rapid economic development and accelerated capital flows in the 1960s, and the deregulation in the 1970s and 1980s was an opportunity. It has maintained a constant momentum. In the 1990s, international financial innovation developed rapidly around three directions: off-balance sheet business, financing securitization, and global integration of financial markets. Currently, international financial innovation mainly has the following four trends: 1. Innovation and diversification of financial products and financial instruments. 2． The importance of off-balance sheet is increasing day by day. 3. Financing method securitization. 4. Financial market integration trends.

Question 10: Pay attention to risk avoidance in financial innovative products 1. Financial product innovation must be combined with national conditions. In the financial field, the main manifestations of my country’s special national conditions are that our country’s ability to withstand international financial risks is particularly strong. It is a "false failure" of the transmission mechanism of the international financial crisis formed under the special financial system. Second, the financial products are far behind foreign banks in both quantity and quality. Third, the national financial quality is relatively low. Under such circumstances, when our country's commercial banks innovate financial products, they must first pay attention to reducing depositor risks and avoid "financial avalanche" caused by panic; secondly, they must consider the financial opening commitment after joining the WTO to end "false failures" Regarding the possible impact of international financial risks, special attention must be paid to the "financial attack" of international hot money on our country; in addition, mass products must adapt to the current status of national financial quality to reduce the occurrence of risks. 2. Financial product innovation must make full use of the law of latecomer advantages. In the process of financial modernization, our country, as a "latecomer", faces tens of thousands of products created by the international financial industry (first mover) in the process of financial product innovation. Financial products and countless successful experiences in avoiding and resisting financial risks can be analyzed, researched, compared, summarized and other methods to find financial products that are in line with national conditions, avoid risks and bring profits, and shorten the time of "exploring in the dark" time to directly enter the higher stage. This kind of reference innovation should become the main channel and shortcut for financial product innovation of my country's commercial banks. Of course, we do not exclude the vigorous development of original financial product innovations that are in line with national conditions and have strong competitiveness. Moreover, only by improving both reference and original innovation can the international competitiveness of my country's commercial banks be greatly improved. 3. Avoiding new risks in financial products mainly depends on strengthening internal control. Although financial risks and financial innovation go hand in hand, paying attention to avoidance and effective financial management during product innovation can make risks controllable, and the most important thing is to strengthen internal control. As long as internal management and control are reasonably in place, even derivatives risks with strong leverage effects and high risks can be controlled: so many banks in the international financial industry conducted so many derivatives transactions, after all, only one Bahrain Bank collapsed! This Barings Bank was caused precisely by management chaos caused by bureaucracy and lax internal controls.