Research On The Liquidity Surplus Of The Commercial Banks In Our Country

In recent years,due to huge amount of the balance of payment surplus in successive years in China and excessively high domestic resident savings, together with the impact of poor ability of financial innovation of our commercial banks, the problem of liquidity surplus in our commercial banks is coming to emerge and has greatly imposed on economic development, financial operation and policies, etc. Primary Minister Wen Jiabao also specifically indicated this distinct problem of liquidity surplus in the Fifth Session of the Ninth NPC and the Tenth Session of National Committee of CPPCC in this year. Therefore, how to resolve the problem of liquidity surplus in our commercial banks is the key to develop national economy rapidly and soundly.Here starting from the points of fund source and fund operating of commercial banks, this article gives a definition of the concept for liquidity surplus. Based on this, this article also brings forward the calculating method of"liquidity surplus"in the system of commercial banks, then builds an econometric model through analyzing the causes of liquidity surplus in commercial banks. By means of the empirical analysis in this model we find that there exists a stable long-term trend among position for foreign exchange purchase, cash leakage ration and dependent variable, and cash leakage ration is negative to dependent variable with position for foreign exchange purchase positive to dependent variable, but position for foreign exchange purchase is more explicable than cash leakage ration. Grounded on the conclusion of this empirical analysis and combined with the internal nature of the problem of liquidity surplus in commercial banks, the author deems that it's a better way to resolve the problem of liquidity surplus in commercial banks through changing the management ideas of commercial banks, actively propelling financial innovation, furthering the reformation of foreign exchange management system, deepening the reformation of national social security system and also strengthening the ability of drawing back liquidity surplus in commercial banks by central bank.