The Research On Development Of Intermediate Business Of Chinese Commercial Banks Based On Interest Rate Liberalization

Since 1993 , the interest rate liberalization is gradually promoting, along with the advancement of financial reform. So far, the interest rate liberalization of our country has already walked through more than 20 years, it began with the basic conceive of interest rate liberalization, and then released the Inter Bank Offered Rate ,released the discount rate ,released the interest rate of foreign currency in China. The lending and saving interest rate liberalization of Chinese currency are under way. Along with the advancement of interest rate marketability reform, the influence and impact on commercial banks are bigger and bigger day by day.We can't deny that the interest rate liberalization can bring opportunity for the commercial bank of our country. It can make the commercial bank acquire the independent power of management, and promote the innovation of the financial products. It also can provide us the good exterior environment and lead the competition of the commercial banks to the higher level. Therefore, the interest rate liberalization can push the development of the intermediate business.At the same time, the interest rate liberalization can bring more challenge to the commercial bank; it will reduce the benefit, enlarge the interest rate risk, and increase the management risk of the commercial bank. But the commercial bank haven't the financial products to evade the interest rate risk in China, they develop by the benefit owing to the difference of lending interest rate and saving interest rate. In this situation, we need push forward the development of the intermediate business to meet the interest rate liberalization.How to develop the intermediate business is a key problem, we need to analyze reasons by three aspects of exterior environment, bank oneself and customer's need, then put forward to suitable ways to solve these problems. In this case, the competition ability of the commercial bank can be improved and financial environment can be good for the interest rate liberalization.