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论文编号：	3775
作者编号：	2120092562
上传时间：	2011/11/25 23:26:56
中文题目：	商业银行企业债务融资工具承销业务风险控制研究
英文题目：	THE RESEARCH ON CONTROLING OF CORPORATE DEBT FINANCING INSTRUMENTS UNDERWRITING IN COMMERCIAL BANK
指导老师：	余娟
中文关键字：	商业银行 债务融资工具承销 风险控制
英文关键字：	COMMERCIAL BANK UNDERWRITING DEBT FINANCING INSTRUMENTS RISK CONTROL
中文摘要：	为响应国务院关于大力发展中国资本市场的号召，进一步活跃货币市场，各品种企业债务融资工具相继出台。企业债务融资工具也可称为债务融资工具，它的推出为企业拓宽了融资渠道，调整了融资结构，使其增加了直接融资的比重。同时，这类金融产品的问世在一定程度上缓解了中小企业融资难的问题。为适应市场的变化，商业银行努力转变经营模式，大力开展债务融资工具承销业务，对于提高商业银行中间业务收入起到积极地促进作用，同时债务融资工具承销业务也逐渐成为各家银行争夺优质客户的前沿阵地。但在业务开展过程中，商业银行若不能做到有效的风险防控，由其引发的风险也会为商业银行带来严重的损失。因此，债务融资工具承销业务风险控制研究对商业银行的发展有着很强的现实意义。本文运用宏观与微观相结合的研究方法，理论与实际相结合，以实用为目的，首先分析了本文研究的背景和意义，阐述了商业银行债务融资工具承销业务风险控制的重要性。其次，对债务融资工具承销业务风险控制相关理论做了简要概述，并在此基础上找出在实际运用中，理论仍不能解决的问题。而后，通过对债务融资工具承销业务风险深入分析，阐述了商业银行承销业务所面临的系统性风险及非系统性风险产生的原因及表现。并进一步在债务融资工具承销风险评价的基础上，提出了商业银行债务融资工具承销业务风险控制体系，以达到有效控制风险的目的。最后在结论部分，对当前商业银行在进行承销时仍不能解决的问题给出了研究展望及本文结论。商业银行发展债务融资工具承销业务、解决承销风险控制中现实存在的问题，不是一个短时间内可以完成的，而是一个多领域、多部门相互协作，共同磨合、共同促进的一个漫长复杂的发展过程。所以目前我们应从我国实际国情出发，还要考虑相关制度以及相应市场机制是否完善等多方面因素，以最具操作性为原则，循序渐进的完善商业银行债务融资工具承销业务的风险控制。
英文摘要：	Aiming to response to the State Council on the call of China's capital market development and further activating money market, various corporate debt financing instruments have been launched. Corporate debt financing instruments can also be called as debt financing instruments. Its introduction broadens the financing channels for enterprises, and adjusts the financing structure, so that it increases the proportion of direct financing. Meanwhile, to some extent, the advent of such financial products alleviate the financing problems of small and medium enterprises (SMEs). To adapt to the changes of the market, commercial banks make great efforts to convert their management model, carrying out the business of selling debt financing instruments, which enhances the revenue of the intermediary business in commercial banks. While, gradually, the business of selling debt financing instruments becomes the frontier that all the banks competing high-quality customers for. But in the process of business development, if commercial banks cannot control the risks effectively, it would lead to severe losses to the commercial banks. Therefore, the study of controlling risks of underwriting debt financing instruments is crucial to the development of commercial banks, and has a strong practical significance. This thesis uses a combination of macro and micro research methods, putting theory into practice, firstly analyses the background and purpose of this paper. It lists out the significance of controlling risks of underwriting commercial banks' debt financing instruments. Secondly, based on the deep analysis of business in selling debt financing instruments, the thesis states the causes and appearance of systematic and unsystematic risks which are at the face of the commercial banks while doing financing tools underwriting. Further more, on the base of evaluating the risk of underwriting debt financing instruments, it brings out a new system which is capable of controlling underwriting risks for debt financing instruments of commercial banks, so that it would minimum the risk effectively. Finally, in conclusion, this thesis gives an expectation for the current unresolved issues in commercial banks, and leads to a conclusion. It is obvious that the existing problems in developing debt financing instruments underwriting services and controlling risks cannot be solved in a short period of time. It is a remote process which needs cooperation and collaboration with many departments in many fields. As the result, at present, we should base on our actual national condition, considering all the factors of relevant systems and the corresponding market mechanism integrity. With the most operational principle, gradually achieve the purpose of controlling the risks of underwriting of debt financing instruments for commercial banks.
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