2006-Report on Innovation of Financial Instruments in China

Author: Yang Ruyan
Publisher:
Publish Date: 2006-04-01
Features: This book discusses the structure and clues of financial instrument innovation in 2005, and then expands on different types of financial instrument innovation, including government bond market innovation, trust product innovation, annuity innovation, non-sovereign bond innovation, banking service innovation, fund product innovation, insurance market innovation, futures market innovation, and rural financial product innovation. China Financial Instrument Innovation Report (2006) is the fourth installment in this series, summarizing history with a theoretical structure or changes in the theoretical structure, aiming to guide and inspire future financial innovation activities. The fluctuations in macroeconomic growth have made financial services targeting real economy investments no longer a key driver of financial innovation. Macro-control measures focused on monetary policy have stimulated the increase of participants in the money market, and financial products such as foreign exchange forwards and currency swaps have been widely welcomed by numerous financial institutions. The domestic fixed-income bond market, which is of great importance to the financial market, has shown significant improvement. The prosperity of the bond market has had a tremendous impact on financial market innovation activities. Trust companies have shifted their core investment management operations to fixed-income instruments through the money market. Securities companies, commercial banks, and finance companies have also entered the banking and foreign exchange markets through wealth management services, earning lower-risk returns. China Financial Instrument Innovation Report (2006) provides a systematic summary and analysis of financial instrument innovation activities from these perspectives, delves into the macro and micro-level driving forces with meticulous detail, and features insightful reviews from over a dozen experts on each type of innovation.