A Study On The Intermediary Business Efficiency Of China 's Listed Commercial Banks

The global economy in the deep rebalancing adjustment period, at the same time, domestic economy is in three periods overlay: period of financial shift,structure adjustment period、digestion superposition policy phase, economic development into the new normal. Banking industry of Our country as the leading power of domestic economic financial system, depending on the spread income for a long time..Along with the s marketization of interest rate accelerated, the capital market booming, RMB internationalization acceleration, the financial cooperate with the Internet. Commercial Banks rely on interest income business model severely challenge, preliminary intermediary business for its business characteristics of low risk and high income, no-sensitive to interest rate changes, low cost,become a new revenue growth engine, domestic commercial Banks to realize the sustainable development, The kinds of commercial bank middle business continue to increase, the intelligence investment increasing, On the basis of accumulation seek qualitative leap. With the rapid development of our country commercial bank middle business, The importance of intermediary business efficiency research gradually revealed.In this paper, using the methods of literature research, comparative analysis, theoretical research and empirical research method to combine analysis the efficiency of Intermediary Services of 16 listed commercial Banks in China from 2011 to 2015, Through simple data contrast analysis, find our country state-owned holding banks and comprehensive joint-stock bank intermediary business has developed rapidly; Then analyzes the intermediary business efficiency of listed commercial bank in 2014 cross section data, it is concluded that the Intermediary Services efficiency of the local commercial bank is generally superior to comprehensive joint-stock Banks and state-owned Banks, in the longitudinal comparison value of the 5 years found local joint-stock Banks remained strong efficiency in the five years status; Then by Malmquist productivity index, based on decomposition analysis of the gross efficiency of listed Banks, this paper discusses the gross efficiency under the decomposition in technical efficiency and scale efficiency changes, it is concluded that local listed Banks are insufficient in widespread popularized technology, and state-controlled Banks are insufficient in management ability. Further by Censored model,attempts to understand the relationship between the gross efficiency of intermediary business and the management ability of commercial Banks. Through the comprehensive analysis of the efficiency of listed commercial bank middle business, then conclusion and suggestion for better to improve intermediary business efficiency of China’s listed commercial Banks, give thoughts and Suggestions for the development of intermediary business, optimizing the allocation of each part resources.