通道类理财业务在中国经过了十余年的发展，其创新模式不断涌现，为中国 金融业带来了活力，为中国银行业带来了利润也为融资人丰富了融资渠道。各家 银行相继追捧，业务的规模急剧上升。但也因为该业务绕过监管，部分背离了金 融创新的本质，对银行业务经营和我国金融体系带来了巨大的隐藏风险，因此监 管层面对其进行了长达十余年的围剿和封杀。自2018年资管新规落地后，商业银 行通道类理财业务的创新进入了新的周期，在吸取了原有的教训后，如何创新通 道类理财业务使之更好的服务客户、正确的识别风险，严格的遵守监管原则是未 来商业银行通道类理财业务创新健康发展的关键。 本文首先理清了通道类理财的概念，概述了国内外金融创新和金融风险的相 关理论，总结了国内外学者对该业务的研究情况，回顾了通道类理财业务十余年 的创新变迁并分析了其创新的动因和影响。之后通过R银行通道类业务创新的案 例出发，运用对比分析、案例分析及SWOT分析，找到R银行现有通道类理财创 新所出现的问题和原因，并针对相关问题给出对策和建议。R银行作为全国性股 份制商业银行，也是通道类理财创新走在前列的银行，分析其该业务创新所存在 的问题并给出相应意见和建议对于R银行本身业务的发展乃至我国银行业关于 该业务的发展都具有重要的意义。 本文研究认为，商业银行通道类理财业务的金融创新应该清楚的认识创新的 内在动机，回归创新的本源，同时关注产品的流畅、技术的共享、客户的体验， 并将风险管控作为创新的基础，这是保证银行能够稳健经营、金融市场能够健康 繁荣的必要之举。 关 键 词，R 银行，通道类理财业务，创新，SWOT 分析 论文类型，应用/专题研究浙江工业大学硕士学位论文 II ABSTRACT After more than a decade of the development on the Chanel financial services in China, the Emergence of innovative models has brought vitality to China’s financial industry. It has also brought profits to China’s banking industry and enriched financing channels for financiers. Each bank is chased after the model and the scale of the business rises sharply. However, under such model, part of business bypasses supervision from regulatory perspective, it deviates from the essence of financial innovation and brings huge hidden risks to the banking business and China’s financial system. Therefore, the regulatory has posted its encirclement and suppression for such business model more than a decade. Since the new policy passed down by the regulatory from 2018, channel financial services for commercial banks has entered a new period of innovation by drawing learnings from the original model. It clarifies on how to better serve customers, correctly identify risks, strictly adhere to the principle of regulation, as the key to the healthy development of the financial business innovation. At first, this paper clarify the concept of channel type of financing, summarizes the relevant theories of financial innovation and financial risks domestically and abroad, summarizes the domestic and foreign scholars on the research situation of the business, a retrospect of the channel class financing business for more than ten yesrs and analyzes the reason of its innovation and various change influence through R bank channel classes after the case of business innovation, using comparative analysis and case analysis and SWOT analysis, find the existing channel class R bank financial management innovation are the problems and reasons. And gives some countermeasures and suggestions for related problems as a national joint-stock commercial bank. R Bank is also a bank that takes the lead in channel financial innovation. Analyzing the existing problems and giving corresponding opinions and suggestions are of great significance to the development of R bank’s own business and even the development of China’s banking industry. This research suggests that channel types of finance innovation of commercial Banks should clearly recognize the inherent motivation of innovation, return to the origin of innovation, and focus on the customer experience value chain and at the same time, the risk control as the basis of innovation. This will ensure that Banks can have a stable operating while enjoy the prosperity of the financial markets. KEY WORDS: R bank, Channel financial, Innovation, SWOT analysis TYPE OF DISSERTATION / THESIS: Application ResearchR 银行通道类理财业务创新研究 III 目 录 摘要.........................................................................................................................I ABSTRACT ............................................................................................................. II 插图清单.................................................................................................................VI 附表清单...............................................................................................................VII 第一章 绪论.............................................................................................................1 1.1 研究的背景 ..................................................................................................1 1.2 研究意义 ......................................................................................................2 1.3 研究的主要工作 ..........................................................................................2 1.3.1 研究的思路和内容...............................................................................2 1.3.2 研究方法...............................................................................................3 1.4 本研究的创新和不足 ..................................................................................3 1.4.1 本文的创新点.......................................................................................3 1.4.2 本文的不足之处...................................................................................3 第二章 相关研究回顾.............................................................................................5 2.1 通道类理财业务的定义 ..............................................................................5 2.2 通道类理财业务的特征 ..............................................................................6 2.3 关于商业银行金融创新以及风险管理研究的理论 ..................................7 2.3.1 金融创新相关理论...............................................................................7 2.3.2 金融创新风险相关理论.......................................................................8 2.4 关于通道类理财业务的国内外研究现状 ..................................................9 2.4.1 国内研究现状.......................................................................................9 2.4.2 国外研究现状..................................................................................... 11 2.5 文献评述 .................................................................................................... 11 第三章 通道类理财业务的回顾与分析...............................................................13 3.1 通道类理财业务历史创新模式回顾 ........................................................13 3.1.1 通道类理财业务的起源 .........................................................................13 3.1.2 通道类理财业务的模式变迁 .................................................................13 3.2 通道类理财业务创新分析 ........................................................................17 3.2.1 创新动因分析.....................................................................................17 3.2.2 创新的影响分析.................................................................................19 3.3 通道类理财业务现状.................................................................................23浙江工业大学硕士学位论文 IV 第四章 R 银行通道类理财的创新现状...............................................................25 4.1 R 银行简介.................................................................................................25 4.2 R 银行及通道类理财业务发展的情况 .....................................................25 4.3 R 银行通道类理财创新介绍 .....................................................................25 4.3.1 链融的定义.........................................................................................25 4.3.2 链融业务模式简介........