A Study On The Development Issue Of Commercial Banks' Intermediary Business In China

Development of new economy has brought enormous imaginary space for the intermediary business of commercial banks. With the deepening of global financial deregulation and the wide application of bank's reforming theory, the intermediary business has become a growing point of profit and one of the key business of international commercial banks. And it is the new expanding business like"morning sun". For the commercial banks in China, it will have a direct effect on the existence and development in course of the economic globalization whether or not we solve the problem of view , mechanism, production and function to narrow the gap between the foreign and our local banks during the transitional period after entering into WTO. In this paper, through combining of regulatory analysis, comparative analysis, empirical analysis, dynamic analysis and combining of qualitative methods, quantitative methods and by linking theory with practice, firstly, the author defines the limits of the intermediary business, sums up the classification and the basic characters and features of them, then analyses the necessity for developing intermediary business, and studies the present status and existing problems in a relative comprehensive and systematic way. After that, the paper reveals the gap between our local banks with western banks in the following respects: management system, development mechanism, business scale, products structure, organization network, financial resources, business incomes, etc. With reference to the development experience of western developed banks, the author forecasts the developing tendency and market prospect of the intermediary business in China .On this basis, the author puts forward the following strategies for developing intermediary business: perfect the corporate governance, change the management mechanism, improve the operation enviroment, develop new line of products, change accounting method, reinforce marketing, fix reasonable price, build on effective personnel training mechanism, strengthen risk control, and so on. Finally, he author introduces the main contents of risk control system established by Bank of China in recent years and a case study on the overall credit amount caused by intermediary business, which is worth to be used for reference and provides some valuable inspiration.