Research On The Innuence Of Financial Disintermediation On Commercial Banks In China

Financial disintermediation is due to the existence of financial regulation, the supply of funds directly to the demand side and financiers, but without the intermediation of commercial banks. American financial disintermediation first appeared in the sixties and seventies of last century, China experienced this phenomenon is probably ten years ago. At present, China’s financial system continues to advance, the process of market interest rates has also been progress in more than half of the capital market is mature further, these three factors in the background constantly weakening the role of indirect financing of commercial banks as intermediaries. Demanders of funds are increasingly more direct means of financing through stocks, bonds, etc. to get the money they need. In addition, residents have begun to put more money to invest in stocks, bonds and other financial instruments, rather than as in the past the single remaining funds in the bank. Commercial bank deposit and loan business survival has been a great challenge, the importance of the financial system began to decline.In this paper, the theory of financial intermediation basic theoretical research, the first based on our national conditions re-defines financial disintermediation, and comparative analysis of the performance and impact of domestic and foreign financial disintermediation. Then using a variety of statistical methods, respectively, from the current situation of financial disintermediation, trends and causes, on the impact of China’s commercial banks detailed analysis of these four aspects of financial disintermediation. Finally, the use of econometric methods for how financial disintermediation is affecting China’s commercial banks empirical research, combined with a variety of features on this basis, China’s financial disintermediation proposed innovation strategies of China’s commercial banks to deal with financial disintermediation, in order to make China’s commercial banks are able to calmly face the challenges and seize financial disintermediation brought opportunities to better promote China’s economic development and lay a solid foundation. The research shows that the impact on the stock market of traditional commercial banking business is to identify, but affected by other factors, policy factors, institutional factors, the current impact is not great, and does not last long. In addition, the bank lending side disintermediation caused the stock market is stronger than the deposit side disintermediation. Overall, China’s banking sector is biased towards current role, although the proportion of the financing scale society in decline, but still in a dominant position; financial disintermediation Although still in its infancy, but the long-term trend has been established and accelerated development, can predict the future of our country will accelerate the deepening of financial disintermediation.