Monetary Policy Intermediary Indicators And The Business Strategy Of Commercial Banks

In the Monetary Policy Report, the central bank has given the2011M2growth indicators, butnot useless, as usual, given the annual credit growth indicators, but the reference to "total socialfinancing" alternative credit scale. A significant change is to increase the scale of social financing,statistics and publish social financing scale data as intermediate indicators of the effectiveness ofmonetary policy, which is the central bank in the financing structure gradually diversifiedbackground in the first quarter of2011, central banks and financial statistics report monetary policy,further broadening its attention and a useful attempt to improve the effectiveness of monetarypolicy.In the article, in order to thoroughly examine the financial disintermediation Chinesecommercial bank operating under a strategic choice to take a combination of theoretical analysisand practical analysis method, the use of a comprehensive and specific methods to solve specificproblems in China; the transverse analysis and longitudinal analysis phase.method, lateralcommercial banks under the operating environment in the international financial disintermediationcomparative analysis, financial off the impact of the media in China’s commercial banks, highlightsthe risks and related business strategy adjustment longitudinal comb; qualitative analysis andquantitative combination of methods of analysis, the use of theoretical analysis of qualitativeindicators given the financial disintermediation affect the conclusions of the pros and cons ofcommercial banks in China, with a bank loan-to-deposit ratio, deposit and loan spreads, the rate ofindirect financing and direct financing rate and disintermediation depth off and foreign commercialbanks in the financial operating history and trends in the media to make a quantitative comparativeanalysis.From a macro point of view, the conclusion is given to the specific circumstances of thedynamic evolution based on the intermediate target of monetary policy in China: the financialinstitutions and the financial markets is not a substitute for relations, both are highly complementary.Chinese commercial banks in the face of the current monetary policy, the implementation of theintermediate target should be actively operating strategies make the appropriate adjustments andchanges in a single monopolistic business strategy to the business strategy of multi-partycooperation. However, this strategic objectives need to be phased, subregional, step-by-step toachieve the transition to the overall transformation strategy to help commercial banks to reduce riskon the basis of a smooth transition from the changes in some of the features.