Study On The Development Of Commercial Banks Under The Background Of "Financial Disintermediation"

With the gradual development of financial reform in depth has been vigorously develop the capital market, more and more Chinese "financial disintermediation," the phenomenon is becoming apparent. As a result of "financial disintermediation" for three reasons: First, rising incomes, people with a higher tendency of the rate of return and the development of a diversified range of assets in the form of credit, interest rates, foreign exchange controls exacerbated the motive. Second, enterprises seek more convenient and more financing channels for low-cost financing through bonds, stocks, securities, and other financing instruments to raise funds directly. Thirdly, various types of financial institutions such as funds, in the tradition of direct and indirect, based on the development of various forms of financial products and financial means to earn income.Since 2006, residents of both the absolute amount of the deposit growth rate and the capital market with the recovery of both a downward trend. In addition, investment in fixed assets, enterprises rely on their own capital in proportion to rise and the reliance on bank and credit of the share is declining. So by adjusting monetary policy to control credit in order to control the gate of the implementation of the investment will increase the degree of difficulty."Financial disintermediation" to bring Commercial banks had a greater impact. Bank funding for more and more tensely, liquidity risk is increased. "Financial disintermediation" will weaken both the viability of commercial banks. Increasingly active in the direct financing will be diverted to accelerate the banking and deposit-taking forced the bank to raise deposit interest rates, making bank deposits in total at the same time reduce the cost of increased expenditures; In addition, direct financing will also accelerate the diversion of bank loans to customers, forcing banks to reduce interest on loans made to reduce the total amount of bank loans in the same time, the total amount of interest income and interest income levels would decline.In this regard, I believe that the "financial disintermediation" having brought about new opportunities to development of commercial bank future both and existence restricts nature at the same time. The commercial banks ought to work out systematic financial system modernized scheme, which must be able to more and more attention among Bank centre business, retails banking business , mixes manage, the finance is innovative business, such as development strategy, more emphasis on comprehensive risk management philosophy. Only in this way will it be possible in China's banking sector, "financial disintermediation" against the background of constantly improve their competitiveness in China's financial industry to continue at the same time opening to the outside world for their own gain favorable development of space for development.