利率市场化下财务公司的利率风险管理——基于某财务公司的实证分析  

The Interest Risk Management of Finance Company in the Interest Rate Market-oriented Environment——Base on the Empirical Analysis of a Finance Company

作　　者：陆荣博 

机构地区：[1]神华财务有限公司,北京100011

出　　处：《企业技术开发》2016年第5期98-101,123,共5页Technological Development of Enterprise

摘　　要：伴随着利率市场化改革的推进和完成,利率频繁大幅波动将成为一种常态。为防范利率频繁波动对财务公司的利润和经营产生不良影响,财务公司可通过利用资产负债管理策略,合理配置资产和负债的资金规模,规避利率风险。文章根据我国财务公司当前的经营现状,提出将利率敏感性缺口和久期缺口这一传统资产负债管理工具应用到财务公司的利率风险管理中,通过分析利率敏感性缺口和久期缺口管理利率风险的优缺点,并进行实证研究,对财务公司在利率市场化的环境下如何应进行利率风险管理提出了相应的对策与建议。With the advance and complete the interest rate market reform,interest rate volatility will frequently become thenorm. In order to prevent the frequent fluctuations in interest rates have a negative impact on operating profit and financialcompanies,financial companies through the use of asset-liability management strategy,the rational allocation of capital assetsand liabilities,to avoid interest rate risk. Based on our current status of the financial company management,proposing to applyinterest rate sensitivity gap and duration gap that traditional asset-liability management tools to the finance company＇s interestrate risk management,by analyzing the advantages and shortcomings of the interest rate sensitivity gap and duration gapmanagement of interest rate risk,and based on the results of empirical research,proposing the corresponding countermeasuresand suggestions about how the financial companies in the interest rate market-oriented environment to manage interest rate risk.

关 键 词：利率市场化 财务公司 利率敏感性缺口 久期缺口 

分 类 号：F822[经济管理—财政学]