Research On Intermediary Business Development Of Commercial Banks In China After The Financial Crisis

With the world financial globalization, the development trend of financial liberalization, in particular, in 2007 the U.S. subprime mortgage crisis, triggering the global financial crisis, exacerbated the instability of world financial system, and the real economy has a huge negative impact. Various types of export-oriented enterprises hardest hit, steel, real estate, power, leather, chemical industry influence is very evident. As domestic and foreign markets weakness, orders decline, production slowed, many companies reduce production, or even stop production. On the other hand, the steel, coal and other raw material prices, leading to some significant increase in production costs and economic benefits are affected.These are directly or indirectly, a serious threat to the safety of China's commercial banks. At the same time when the traditional deposit and lending receiving a huge impact, China's commercial banks in the middle of the business slowdown in the risk of pressure. The need to cope with sluggish economic situation, the implementation of the recent period of loose monetary policy after 2008, and monetary authorities cut interest rates repeatedly, making the revenue as traditional sources of commercial banks lending and deposit business income significantly reduced the level of the urgent need to develop intermediate business to solve their earnings pressure.In view of the financial crisis need to continue for some time, the pressure of financial crisis to the profitability of commercial banks and the risk of has not fundamentally been eliminated, the commercial banks's intermediary businesses should be placed more to the prominent strategic position. China's commercial banks to develop intermediary business has been increased than before, commercial banks increasingly rich varieties of intermediary business revenue has grown rapidly, but overall, commercial banks still stuck in the over-reliance on traditional business level, including the development of intermediary business still in its infancy. Development of intermediary business, banking performance and reduce the policy relevance of national interest, should become a "twlefith-five" anchor for stability of bank profits.This paper combined with China's specific conditions, focusing on the specific context of the financial crisis, China's commercial banks for business development in the middle of the proceeds arising from the risk and other issues, rational information from Western commercial banks and intermediary business lessons. Western Commercial Bank of intermediate business products in terms of innovation, technology, marketing, and so have become increasingly mature, the development of intermediary business in China with multiple perspectives of inspiration. In summing up the lessons learned from Western countries on the basis of domestic commercial banks for the healthy development of intermediary business development to provide clear and workable ideas. In this paper, as the financial industry to promote mixing, the Mixed class of business as a " twlefith-five " period, commercial banks focus on the development of intermediary business, will help to occupy the commanding heights of the next financial mixed operation.The paper is divided into six sections. The first part is introductory, the article describes the background of writing, topics of significance, methods, contents and overall framework,conclusions and perspectives,innovation and inadequacy. The second part is analysis on the urgency of China's banking intermediary business development. To ease the pressure on profitability and risk control, meet market demand and stringent regulatory requirements, response fierce market competition, the bank need to develop the intermediary business. The third part is about the overall development of the status of intermediary business. The fourth part analysis on the bankcard and investment banking business, seek for the problems and causes of the intermediary business development.The fifth part is experience reference of intermediary business development in western commercial banks. The last part is about on propose strategies and recommendations. Including that commercial banks should change traditional management concept, emphasis should be given to investment banking in the development of intermediary business. and concrete measures to develop intermediary business...