“穿透式”监管背景下商业银行资产管理业务转型发展研究  

Research on Transformation and Development of Assets Management Business of Commercial Banks Under the Background of Penetrating Supervision

作　　者：王轶昕 程索奥[3] Wang Yixin;Cheng Suoao(Great Wall West China Bank Co., Ltd, Chengdu, Sichuan 610041;Tianfu College of Southwestem University of Finance and Economics, Chengdu, Sichuan 610000;Agricultural Bank of China Chengdu Jin Cheng Branch, Chengdu, Sichuan 610041)

机构地区：[1]长城华西银行股份有限公司,四川成都610041 [2]西南财经大学天府学院,四川成都610000 [3]中国农业银行成都锦城支行,四川成都610041

出　　处：《改革与战略》2018年第7期56-63,共8页Reformation & Strategy

基　　金：2012年度教育部人文社会科学研究青年基金项目<我国养老基金投资管理的完善与创新研究:基于行为金融的视角>(项目编号:12YJCZH011);四川省哲学社会科学重点研究基地--四川石油天然气发展研究中心资助项目(项目编号:川油气科SKB12-19)

摘　　要：文章从"穿透式"监管理论入手,分析"穿透式"监管实施的本质和目的,研究商业银行大资管业务带来的高杠杆率、风险无法有效分散、风险交叉传染、资金流向不透明、流动性错配等问题。最后,配合一行两会监管思路,从宏观上深刻理解"穿透式"监管本质,中观上根据自身情况进行业务整合与调整,微观上实现产品净值化和建立统一的管理转让平台这三个方面提出商业银行资产管理业务转型发展路径。The paper firstly analyzes the essence and purpose of penetrating supervision. Then the paper studies the problems and risks of assets management business for commercial banks from aspects of high leverage, risk concentration, cross infection of risk, capital flow opaque and liquidity mismatch. Finally, with the research of thought for supervision from PBOC, CBRC, CSRC, CIRS, the paper illustrates the path of the transformation development for assets management business of commercial banks from the understanding of the essence of ＂penetrating＂ supervision in macro angle while making business integration and adjustment according to their own conditions in intermediate perspective. At the same time, commercial banks should realize of product net valuing and establish a unified products transfer platform on the micro view.

关 键 词：商业银行 “穿透式”监管 资产管理业务 转型发展 

分 类 号：F832.2[经济管理—金融学]