Influence Of Intermediary Business On Performance Of Listed Commercial Banks-analyze Based On Chinese Listed Banks Data

With the deepening of financial liberalization and financial innovation, intermediary business, together with the business of assets and liabilities, constitutes one of the three pillars of commercial banks. In the current years, the economy is slowing down and financial reform is speeding up. Just under such a background, the overall financial environment is undergoing profound changes and the interest rate liberalization has quietly started. The financial institutions are gradually disappearing their traditional "license advantage " and so many negative factors are emerging, such as the squeeze on net interest margin, and greater pressure on asset quality. Each bank is actively layout for the arrival of“the period of the last dividend in the license”. Now we aim to study the impact of the intermediary business income and also the structure of it on the performance of state-owned commercial banks and joint-stock commercial banks and to see whether the two impacts are different or not, so that we can draw a conclusion that whether should our commercial banks develop intermediary business.After defining the meaning and types of intermediary business, analyze the background of the current development of intermediary business, especially in the circumstance of new normal for the economy and interest rate liberalization, and also China is still faced with a series of new conditions of Internet finance the RMB internationalization. Construct the panel data model for empirical analysis based on the annual report data of 14 listed commercial banks from 2010 to 2014. Evaluate the total amount and proportion of intermediary business,and compare the difference each other. Analyze the evaluating indicators of China’s commercial banks and compare the indicators of state-owned banks with joint-stock commercial banks. Construct the model to do the empirical study and give some suggestions according to the results.Just as empirical results show that, for state-owned commercial banks, the development of intermediary business doesn’t play a driving role in the increase of bank performance, even other business income in intermediary business plays a negative role in the bank’s ROE, but for joint-stock commercial banks, intermediary business income has contributed significantly to the improvement of the level of bank performance, particularly net fee and commission income can significantly improve the ROE, while the impact of investment income is negative and the effect of other intermediate business income is not significant. So in the futuredevelopment, our country should not promote the development of intermediary business blindly. We should discriminate based on the specific nature of between different commercial banks.The state-owned banks can continue to innovate in relation with traditional business,and joint-stock banks can increase the intensity of innovation on the basis of existing intermediary business.In addition, business innovation should be all in accord on the basis of market demand, to meet consumers’ increasingly diversified demand in order to promote the improvement of performance. At the same time, regulators should conform to the current trend of mixed operation, improve relevant laws and regulations to create a favorable external environment for the development of intermediary business. On this basis, together with the regulatory authorities, commercial bank shall do a good job in risk prevention and control,combining internal control and outer regulation, together convoying for the development of intermediary business.