Research On The Influence Of Financial Disintermediation On The Traditional Business Of China 's Commercial Banks

Financial disintermediation appeared in the USA since 1960s.It has caused greatly impact on commercial bank’s traditional management pattern.In order to overcome financial disintermediation.Commercial Banks innovate new products,explore new business.Through the efforts of more than half a century.The United States and other western developed countries has established the perfect financial system.Its capital market, money market obtained the full development.In this way,the western countries overcome the challenges of the financial disintermediation. Our country is at the key stage of deepening reform in the economy. The banking industry as a pillar industry of a country’s economic development.Not only at the core position in the modern economic system.But also facing the challenges brought by the transformation. Banking is in an era of rapid change.Financial disintermediation is coming in new forms.The rise of the Internet financial,the accelerating of interest rate marketization,the releasing of concentration risk, challenges tests the development and risk control ability of bank. At present, the transformation of China’s banking industry is imminent. Especially focus on Internet financial management pattern and the era of big data bank of fundamental change. In the face of such a complex and changeful market environment, how to choose a suitable bank function innovation, product innovation and channel development way is the top priority under the background of financial disintermediation.Under the background of financial disintermediation.By combing the domestic and foreign financial disintermediation related literature research.This paper is based on the commercial bank management present situation. The paper analysis the development situation of our country financial disintermediation though nearly 30 years. Under the environment of national policy,transformation of economic development, interest rate marketization,financial and micro main body financing options for the Internet.To reveal the deep reason of the finance disintermediation development and development trend. By choosing the 4 in 1 quarter of 2003-2003 quarterly financing increase in the stock market, bond market and insurance market premium income increase as a measure of measure financial disintermediation Establishing the vector autoregressive model and corresponding pulse function.Further analysis the financial disintermediation on traditional deposit and lending business impact of commercial Banks in China.Finally this article put forward the corresponding policy recommendations in how to effectively cope with the financial disintermediation.The main conclusions of this paper include:On the one hand.Financial disintermediation results the loss of the commercial bank deposits and loans.The structure of deposits and loans has changed.The banking profitability decline further.on the other hand.Financial disintermediation reversed transmission industry transformation and upgrading, promoted the non-traditional business development, further improve interest rate pricing system.In addition, the financial disintermediation in our country is still in its early development stage.Its genetic tendency turns complex.Its forms turns diversity.In the face of challenges.Our country commercial bank should develop in a fast changing management mode, establishing comprehensive risk management system, innovating financial products and services, regulatory, and developing the internet and mobile financial. Therefore,it is necessary for us to study financial disintermediation as soon as possible.Forecast its future development trend,and find effective solution.It is profound guiding significance and practical significance for the development of our country commercial bank.