Study On Commercial Bank Investment Banking Financial Disintermediation Background

With the gradual financial reform in our country, the fund does not mostly flowthrough commercial banks or other financial intermediaries but direct to the issuer.Owing to the rapid growth of the capital market financing ability, the amount of depositsbanks and other depository institutions absorb is decreasing, and the rise of direct financing,widening the channels of access to fund the enterprise, P2P and the rise of small loancompanies, also make the bank loan develop under the pressure of competition.In this paper, under the background of financial disintermediation, the first half of theessay elaborates financial disintermediation forms of expression in China, starting fromthe phenomena and data, discusses the causes of the financial disintermediation and thenegative effects commercial banks must face. The second part will emphaticallyexpounded the status quo of China’s commercial banks to develop investment bankingbusiness, and thus pointing out that investment banking business is necessary andpractical significant to commercial banks.So far, the research on commercial banks in our country mainly focused on thefeasibility of investment banking as well as the organizational mode, the analysis of therisk management and expansion strategies. This article focuses on that under thedeveloping trend of financial disintermediation, commercial banks should how to face thechallenges by developing investment banking. By adopting domestic famous,representative and empirical investment banking business cases, this article exploressuitable commercial bank’s investment banking business model, and the problems ofcommercial banks in investment banking, put forward the corresponding path and systemsuggestion.This article analyzes the developing trend of the global financial industry and theimportance of carrying out investment banking business, discusses the present situationand restricting factors, and combines the reality of our country finance, study and putforward our country commercial bank in the existing financial system arrangement underthe strategies of developing the investment banking business and should pay attention tothe problem, has important practical significance. But as a result of subjective andobjective reasons, the operating level of investment banking business in further will stillneed to be deepened and on research.