大学生创新创业训练计划项目结项报告项目名称：我国互联网金融产品风险评估和市场政策建议———基于余额宝的实证研究项目类别：创新训练项目项目级别：校级立项年度：2014依托单位：会计学院主持人：史碧维项目成员：黄文强、楚天舒、潘泽烨、蒋昕指导教师：张琼、陈锐2015年10月22日内容摘要:本课题通过问卷调查、专家访谈以及模型构建对余额宝的资金来源及投资去向、余额宝的风险水平以及未来发展趋势进行了研究。通过分析发现，余额宝的资金主要来自于用户的闲散资金，其风险主要包括市场风险、政策法律风险以及互联网安全风险，其中市场风险方面，余额宝与传统货币型基金的风险水平并无显著差异；根据余额宝的规模变化，我们预测最终其规模将逐渐减少，后趋于稳定。最后，本文为有关监管部门提出了合理的建议。关键词:余额宝风险评估VaR风险模型趋势预测Abstract：Thisthesisanalyzescapitalsource,investment,risklevelandfuturetrendofYuebaothroughquestionnaire,interviewingwithexpertsandbuildingmodels.Basedontheanalysis,wefoundthatfundsofYuebaoaremainlyderivedfromuser'sidlecapital,andYuebao’sriskincludesmarketrisk,legalriskandInternetsecurityrisk.Asformarketrisk,therisklevelofYuebaoisnotsignificantlydifferentfromthatoftraditionalmonetaryfund.AccordingtoYuebao’schangesofsize,wepredictitsscalewillreducegraduallyandthenstabilize.Intheend,thethesisputsforwardreasonableandfeasiblepolicyproposalsforrelevantregulatorydepartment.KeyWords:Yuebao;RiskAssessment;VaRRiskModel;TendencyPrediction目录引言.................................................................................................................................1一、研究目标.................................................................................................................2二、研究内容.................................................................................................................2（一）探究余额宝资金来源及其形态特征，进行比较分析.............................2（二）分析余额宝资金运动过程.........................................................................3（三）全面评估余额宝风险.................................................................................3（四）对比余额宝及其类似产品与传统金融产品.............................................3（五）解决问题——提出政策建议.....................................................................3三、研究过程.................................................................................................................4（一）研究步骤.....................................................................................................4（二）计划安排.....................................................................................................4四、研究方法.................................................................................................................5（一）文献研究法.................................................................................................5（二）比较分析法.................................................................................................5（三）模型分析法.................................................................................................6（四）问卷调查法.................................................................................................8五、研究结果.................................................................................................................9（一）研究余额宝的资金形态特征............................
