| For over 30 years,since the reform and opening-up, with China’s economic reform deepening and the financial system of China is improving correspondly. Since our country started the interest rate marketization reform in 1996, it has been deepeningby adopting gradual methods. In 2015, People’s Bank of China canceled restrictions on deposit interest rates, which means that the interest rate marketization reform in our country has been almostly packaged. The essential requirement of interest rate marketization is to make capital resources get optimal configuration in order to improve the use efficiency of funds of financing institutions.Therefore the interest rate marketization propulsion is bound to affect the operational efficiency of commercial banks. As the "third tier" of the entire banking system in our country, the size of urban commercial banks assets is relatively small and the risk management system is not perfect.So when facing the interest rate marketization accelerating, in the short term, the negative impact of city commercial banks suffered is likely to be far greater than the positive impact and its business performance will be discounted.,which we can see from the asset growth rate of urban commercial banks decreasing and the non-performing loan ratio rising in recent years. Therefore, research on how the urban commercial banks take effective measures to improve their management efficiencies under the background of market-oriented interest rate appears very necessary.Therefore, this article is mainly to explore: how the business efficiency of the urban commercial banks in China in recent year, how is the influence of interest rate marketization to the urban commercial banks and what methods should the urban commercial banks take to improve their operational efficiency in the backgroud of the interest rate marketization. The specific research ideas are as follows: Firstly,we generalized the process of interest rate liberalization in China and on this basis,measured the degree of marketization of interest rates of 1996-2015 by using the more comprehensive index system.Thus constructs the interest rate marketization index that can better reflect the actual process of interest rate liberalization of our country.Secondly, we selected 20 urban commercial banks as samples considering the data should be available and intact.Then we measured the efficiency value of the 20 urban commercial banks in 2008-2014 and obtained the technical efficiency, pure technical efficiency and scale efficiency of each sample bank respectively.Again, based on the interest rate marketization index and the efficiency value of urban commercial banks, we established Tobit model and made regression to the panel data, studied empirically the influence of interest rate marketization to the efficiencyof urban commercial banks. Finally,based on the results of the empirical study of this paper,we give some corresponding policy recommendations on enhancing the operation efficiency of urban commercial banks in China under the background of interest rate marketization.The research results show that the interest rate marketization caused significant negative effects to the technical efficiency, pure technical efficiency and scale efficiency of urban commercial banks in China, which shows that the price competition effect and the risks expansion effect caused by the marketization of interest rate have caused obvious negative impacts on the efficiency of urban commercial banks and they hinder the urban commercial banks from promoting operating their efficiencies in the short term. In addition, the regional GDP growth, asset scale, non-interest income ratio, return on assets have positive effects on the efficiency of urban commercial banks and the non-performing loan ratio,the cost income have negative effectson the efficiency of urban commercial banks and the capital adequacy ratio has a inverse U model effect on the efficiency of urban commercial banks. |
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