The Comparison And Enlightenment Of Intermediate Business Income Of Chinese And Foreign Commercial Banks

Intermediate business does not constitute a commercial bank statement of assets, liabilities sheet, the formation of banks’non-interest income business. Intermediate business tying up funds for small business varieties, small risk, higher income, more and more attention of the commercial banks. Vigorously develop intermediary business beneficial to increase the sources of profits of commercial banks, help enhance the anti-risk ability of commercial banks, but also conducive to actively respond to the interest rate market and financial challenges "disintermediation". Study intermediate business of commercial banks in China has a very important significance."Remediation banking financial institutions, non-standard operating" was released in early2012, the China Banking Regulatory Commission, the banking system does not regulate business conduct special rectification also asked the April1price tag for the service charges from the banks; In June2012, in July, the benchmark deposit rate of the central bank to allow up10%lending rate benchmark rate to fall to30%, which marks China’s market-oriented interest rate reform into the acceleration phase; while at the end of the Central Economic Work Conference, explicitly mentioning To increase the scale of direct financing for the social. A series of events, also indicates that China’s commercial banks only become increasingly unsuited to the objective environment depends on the mode of development of interest income, then seek business transformation is the inevitable choice of commercial banks and foreign experience and our pre-development prove the intermediate business can become China’s commercial banks continue to maintain the impetus of rapid development.The official confirmation of the intermediate business of commercial banks in China in the law in1995, but before2000, commercial banks do not attach importance to the development of intermediary business, but mainly as an adjunct to the development of balance business, therefore to carry out the business settlement, agents, and other traditional channels services, asset correlation intermediary business.2000, with China’s accession to the WTO, the entry of a large number of foreign banks, the expansion of capital markets, trust, finance companies, leasing companies, the rise of a new financial institution, China’s commercial banks began to slowly realize that the intermediary business revenue the importance of bank earnings, the awakening of consciousness will bring the action on the transition, China’s commercial banks began to increase in intermediate business, from the middle of the business has entered a period of rapid development, the intermediate business income to total operating income rose in2000to3.8%growth to the201114.9%intermediate business varieties also increasingly rich addition to innovate traditional settlement and agency business includes hosting financial, investment advisers, foreign exchange transactions, insurance and other new business varieties. Although our country in recent years the development of intermediary business momentum is gratifying, but we should see the intermediary business in China is still a considerable gap between the Western developed countries, the Western developed countries, the varieties of intermediary business amounted to as much as tens of thousands of The proportion of intermediary business revenue is generally maintained at more than40percent, and some large commercial banks, this ratio can even reach70%. The gap is not just the amount reflected in the quality, intermediate business of commercial banks in China is more a single source of income, mainly rely on traditional, low-tech, low-value-added resource-intensive assets associated type intermediate business; sources of revenue in the middle of the commercial banks in the West, high value-added, high-tech giant intermediate business of commercial banks’non-interest income contribution.Do is hope that the analysis of the main reason for these similarities and differences, and then go through each other to discover the similarities and differences of the comparison between Chinese and foreign commercial banks intermediate business income, and finally be able to before the face of reason analysis, put forward a number of constructive suggestions for the development of intermediary business in China. To compare the Chinese and foreign commercial banks intermediate business income from the income of the quantity and quality of two aspects to consider the amount mainly concerned about the proportion of intermediate business income in operating income; quality is mainly concerned about the middle the structure of the business income, that is the main source of income. In comparison with the quantity and quality of the business income of the middle of the Chinese and foreign commercial banks which, this article also takes into account differences in the quantity and quality of intermediate business income of the commercial banks of different sizes. This article consists of the following five parts:The first part, the main purpose is to let the research done in this article, there is a general understanding of intermediate business to study such problems in the development of our country, what is the significance for our country at this stage of commercial banks, the former content for the content and the method that I used in the study.The second part, this part of the First, a brief introduction to the theory of the existence of some of the concepts and some foreign intermediary business school, also briefly discusses under my view these problems in the introduction, is to point out the development of the middle business sense for our government, commercial banks and customers.The third part, this part of the intermediary business revenue and foreign commercial banks, compared to major commercial bank’s annual report, and the data published by the media and academics, making tables and graphics, respectively, to study, and then drawn between them the commonalities and differences, this part mainly includes the following three summary.First of all, compared to the Chinese and foreign commercial banks in the middle of the course of development of the business, I think, in the study of the key features of any thing, must first understand this in things, development and maturation of a process, because the process for it later reflected characteristics have a decisive influence. From the comparison of Chinese and foreign commercial banks in the middle of business development process, can be found the separate supervision relax, the interest rate market and the capital market has played a decisive role in the development of Western Commercial Bank Intermediary Business Development; development of intermediary business in China has been in the pre-one of the main reasons, in a period of stagnation that interest rate controls, separate supervision system and weak capital markets, while after2000can enter rapid development period due to the rapid development of the pre-control loose and capital markets.Second, the comparison of Chinese and foreign commercial banks on the amount of intermediate business income, mainly focused on the comparison of the proportion of intermediate business income in operating income.By comparison, the commercial banks in China can be found both the amount of revenues generated by the fee-based business, or fee-based business in the proportion of operating income compared to Western commercial banks, there are relatively large gap.Finally, the comparison on the quality of the intermediary business revenue of Chinese and foreign commercial banks, by comparison of the structure of intermediate business income, revenue sources can be found in the middle of the commercial banks in the West, and a higher proportion of the middle of the high-value-added business; while China intermediate business of commercial banks to a single source of income, mainly dependent on traditional settlement agent, the bank card business, high-value-added business accounted for a small proportion.The fourth part, the analysis of the results of the third part of the contrast. Both common intermediate business income between Chinese and foreign commercial banks, there are differences, the commonality analysis focused mainly on the relationship between the intermediate business income and the size of the bank, intermediate business income in the traditional business revenue is declining and the financial crisis on the intermediate business impact; analysis of the differences, mainly from six areas of the business model, interest rates and capital markets, the pricing mechanism, product development and marketing, international business and management mechanisms to analyze.The fifth part, by the above analysis, the development of intermediary business in China from the perspective of macro-and micro recommendations. Recommendations at the macro is to accelerate the the perfect intermediate business-related laws and regulations, the gradual and smooth transition to mixed, gradually push forward market-oriented interest rate reform and capital market development, increase regulation of intermediate business of commercial banks risk; at the micro advice primarily to further deepen the reform of the system of commercial bank management and to develop a reasonable intermediate business development strategy, according to the bank’s own characteristics, strengthen cooperation and foreign financial institutions, to strengthen the traditional intermediary business innovation, improve the intermediary business products pricing mechanism, strengthen the intermediary business development and marketing, and enhance the management of intermediate business risk.