| With the financial market developing in our country, financial disintermediation become a very important factor to influent the management tactic of commercial bank. So,to analyze the financial disintermediation's develop situation,features and what it make Chinese commercial bank face to challenge and chance, and presenting some practical suggestions based on the factual conditions of international and national commercial banks are significant for Chinese commercial banks development.The essay applies some theories of economics, finance and management. Take the method of combine normative and positive analysis,national research and international comparison, We put forward some thoughts of Chinese commercial bank management tactics under the financial disintermediation tendency .The article first analyzes the financial disintermediation theory and its develop. Before the middle decades of the 20th century, in the financial field of the currency, the research about the bank mainly concentrated in the central bank system. With the west world economy had entered a unprecedented prosperous period between the fifties to the sixties, the financial intermediary such as bank was paid attention, financial disintermediation theory became the most important bank intermediation achievement which initiated by American banks market share dropped during the 1960s. In the foundation of the studies between the domestic and foreign scholars, financial disintermediation is defined: narrow sense, the phenomenon is that the high limit is controlled on the fixed interest rate of fixed deposit, when the money market interest rate is higher than which the deposit institution can pay, money in the deposit institution will flow into the money market tool in a large amount. Broad sense, financial disintermediation not only the mean of deposit money flow to high interest asset, but also conclude the mean that the fund demand side go round the financial intermediation to issuing the floating debt tools directly in money market. This phenomenon makes bank face to the deposit transformed and the loan reduced. At the same time, the financial disintermediation theory is expounded according to that newly established time, developing time and expand and deepening time.Second, the article analyzed the financial disintermediation problem of the western developed country such as America and so on. The research concludes the emerged reasons and characteristics. The market environment, the policy system as well as the financial innovation development and the science and technology progress is the main causes of the financial disintermediation. The main characteristics performance for experienced different stage disintermediation impact and faced to two-way disintermediation pressure. The financial disintermediation causes the commercial bank at the both sides of asset and debt suffered the huge impact, business profit glides down ,even appeared the loss, vacillated the commercial bank traditional monopoly status. In order to adapt the new market environment, the many countries commercial bank fundamentally transformed the original management strategy, starts to implement the comprehensive reform, through the adjustment developmental strategy, introduces the new management idea and uses the new management, in the adjustment service, the reform organization and aspect and so on improvement management condition has obtained the very big result. In the service innovation aspect, mainly pays great attention to the traditional service innovation and the management service integration; In the system innovation aspect, the original economic environment get along with the financial disintermediation phenomenon appearance to the change, caused the banking system to lose its compatibility. Therefore, the 1980th later various countries' and in the world wide has all raised the banking system innovation tide, adapted the economical and society's development by this. Mainly displays in the bank merged accelerated and the versatile bank development.Third, in the foundation which above theoretical analysis and the international experience summarizes, we thoroughly analyzed our country's financial disintermediation. Our country financial disintermediation tendency mainly display in following three aspects :(1)The share of financial assets proportion present the trend of dropping;(2)The proportion that the enterprise finances directly presents the trend of rising;(3)The growth of bank deposit present the trend of dropping. This indicated that Chinese financial institution has developed multiplex, the loan service and the fund originates comes under the very tremendous influence, the traditional monopoly status of bank faced the challenge. The main reasons of Chinese financial disintermediation are: Finance market system construction, at present, our country is impelling the money market and the bond market development positively and safely, opens up the financing channel of the economic subject; Go along with the reform of the stockholder's rights separation, the release and the transaction system consummates gradually and the security corporate reconstruct progress and so on to be able unceasingly to strengthen, the stock market's financing function will be strengthen; The interest rate market reform promoted our country financial disintermediation.(2)The finance market develop fast, in the stock market aspect, the transaction is active, the stock creates historical height, the market confidence remarkable enhanced; In the bond market aspect, the bond market scale obvious expansion, the bond variety is richer, each kind of organization financing channel opens up fatherly; In the insurance market aspect, go along with the insurance industry investment channel unceasingly gradually expands as well as the bond market develop fast, the market movement mechanism improves, the insurance company property structure obvious multiplication. The main characteristics of Chinese financial disintermediation are: (1) Multi-stages additively; (2) Asymmetry.Fourth, the management strategy of Chinese commercial bank under the tendency of the financial disintermediation will be discussed. The challenges of the financial disintermediation take to Chinese commercial bank: (1) Traditional service challenge; (2) Risk management challenge; (3) Profit ability challenge. The chances of the financial disintermediation take to Chinese commercial bank: (1) Promote the cooperation between commercial bank and non- bank financial institutions; (2) Promote the middle service development; (3) Provide the new profit space for the commercial bank. The management strategy of Chinese commercial bank under the tendency of the financial disintermediation we should take: (1)Renewal management idea, must take the market as the guidance, take the effect as the goal, control the management risk strictly, acceleration the service innovation positively.(2) Advanced all-around development, innovate the management system, catch the chance of bank emerged, advanced the internationalization; (3) Develops new service, promotes individual financial service, develops the electronic bank service positively, advances the investment bank service vigorously. [[[[[[[[[[[[[11112134856791023]]]]]]]]] ]]]]... |
PDF Full Text Request