Research On The Improvement Of Social Financing Structure And The Transformation Of Commercial Bank Businesses

Since the reform and opening-up policy, the social financing structure of china has been indirect financing dominantly and direct financing subordinately. Nowadays, with the rapid development of bond market and stock market, the trend of expanding direct financing has been formed, and coordinate the ratio between direct financing and indirect financing. While as the financing structure unbalanced seriously, social financing structure needs to further improved. As Commercial bank is the carrier of indirect financing, under the background of improving social financing structure, research of the negative impact the bank suffered and the directions bank transform to is very important to the development of Chinese commercial banking.The article firstly analyze the general trend in development of the social financing structure through vertical and horizontal comparison,meanwhile, it also use the method of aggregation the amounts issuing and outstanding. On this basis, the article contacts the social financing structure with the commercial bank’s businesses and analyzes the negative influence the commercial bank’s businesses facing from a macro perspective. According to the result of the article, balance businesses, especially the deposit and loan, face more impact than the intermediary business does. As different businesses of commercial bank face different degree of impact, the profit mode and business structure need to adjust. Through the method of earnings factors decomposition and financial statement analysis, the article comparing China Construction Bank and Citibank on the aspects of profit mode and business structure. Thus, the article proposes the directions of Chinese commercial banking transforms to, by reference to the American commercial banking.At last, based on the studies above, the article concludes the directions Chinese banking transforms to,under the background of improving social financing structure. In terms of profit mode the profit Chinese commercial banking obtaining relies on the development of non-interest profit businesses and the management of credit risk. In terms of business structure, asset business should focus on consumer credit,investing and securitization, liability business should focus on issuing debt, intermediary business should focus on investment banking, and the overall arrangement should keep the intermediary business as the core.