摘要
本文以中行“原油宝”案例为基础，将理论分析与实践分析相结合，对我国
商业银行衍生类理财产品业务及其风险管理状况进行深入分析。
在总结分析商业银行理财产品风险管理研究相关文献的基础上，论文首先分
析了我国商业银行衍生类理财产品的特点与现状，以及我国商业银行衍生类理财
产品存在的风险管理问题。其次，以中国银行“原油宝”为案例，在回顾 2020
年 4月 20日中行“原油宝”事件的始末缘由、“原油宝”理财产品的来源与实质、
造成此次负油价内在原因的基础上，从产品设计、定价、价格影响因素、风险管
理等视角深入分析中行“原油宝”产品的优点、不足以及其合规性，以及“原油
宝”产品风险管理上存在的问题。最后，从“原油宝”案例出发，提出商业银行
改进衍生类理财产品风险管理的措施。
本文通过研究中国银行“原油宝”事件，为我国衍生类理财市场敲响警钟，
所得结论和建议对于我国衍生类理财产品的稳步发展，具有积极意义。
关键词：商业银行；衍生类理财产品；“原油宝”事件；风险管理
II

Abstract
Based on the case of Bank of China's "Crude Oil Treasure", this article combines
theoretical analysis and practical analysis to conduct an in-depth analysis of the
business and risk management of innovative wealth management products of
commercial banks in my country.
On the basis of summarizing and analyzing the related literature of commercial
bank financial management risk management research, the thesis first analyzes the
characteristics and current situation of the derivative financial management business
of commercial banks in our country, as well as the risk management problems existing
in the derivative financial products of commercial banks in our country. Secondly,
taking the Bank of China "Yuanbao" as a case, reviewing the reasons for the
"Yuanbao" incident of the Bank of China on April 20, 2020, the source and substance
of the "Yuanbao" wealth management products, and the basis for the internal reasons
for the negative oil price. Above, from the perspectives of product design, pricing,
price influencing factors, risk management, etc., an in-depth analysis of the
advantages and disadvantages of Bank of China's "Yuanbao" products, as well as the
problems in the risk management of "Yuanbao" products. Finally, starting from the
“oil treasure” case, put forward measures for commercial banks to improve the risk
management of derivative financial products.
By studying the "Crude Oil Treasure" incident of the Bank of China, this article
has sounded the alarm for my country's derivative financial management market, and
the conclusions and recommendations obtained are of positive significance for the
steady development of my country's derivative financial products.
Key Words:Commercial banks; wealth management products; "oil treasure" incident;
risk management
II

目录
第一章绪论..................................................................................................................4
第一节研究背景...................................................................................................4
第二节研究目的和意义.......................................................................................4
第三节基本理论与国内外研究现状...................................................................5
第四节论文研究内容、研究方法及创新点.......................................................8
第二章我国商业银行衍生类理财产品分析............................................................10
第一节商业银行理财产品概述.........................................................................10
第二节我国商业银行衍生类理财产品现状.....................................................13
第三节我国商业银行衍生类理财产品的风险分析.........................................16
第三章我国商业银行衍生类理财产品风险管理问题分析....................................19
第一节商业银行风险管理手段.........................................................................19
第二节商业银行衍生类理财产品风险管理的操作实践.................................21
第三节商业银行衍生类理财产品的风险管理问题.........................................24
第四章中国银行“原油宝”产品分析....................................................................27
第一节“原油宝”产品介绍.............................................................................27
第二节“原油宝”事件背景回顾.....................................................................28
第三节“原油宝”事件处理结果.....................................................................30
第五章中国银行“原油宝”风险管理问题分析....................................................35
第一节中银理财业务的风险管理体系.............................................................35
第二节中国银行“原油宝”产品风险管理存在的问题.................................37
第六章结论及建议....................................................................................................42
第一节结论.........................................................................................................42
第二节建议.........................................................................................................42
参考文献......................................................................................................................48
致谢............................................................................................................................51
3
。。。以下略