Research On The Efficiency Of The Intermediary Business Of Commercial Banks And Influencing Factor Analysis

Commercial banks have been supervised in a more and more rigid way since thefinancial crisis caused by subprime lending in2008.Constantly improved capitaladequacy requirements induces fewer and fewer loanabel funds for commercialbanks.Foreign banks got local market access after China joined the WTO in2001,posinggreat threat to the local peers.Reccent years,Chinese government is launching its plan ofinterest liberalization,in particular,,the authority has completely deregulated the loaninterest rate last year.On the other hand,the more perfect the market is,the fewer role thebanks can play.Because the fund raiser can directly raise the fund needed through capitalmarket,rather than through the bank lending,severely squeezing the margin ofcommercial banks.All of these make commercial bank leading a harder way than everbefore.Shifting the way to operate becomes the top priority for banks who want tosurvive,so the intermediary business is coming to our eyes.However Chinese banking industry mainly rely on traditional way to gainingprofit,So as to theintermediary business, a lot of problems exist..How to develop theoff-balance sheet business is the highlight for industrial leaders in the next decade.This paper focuses on the efficiency of the intermediary business of Chinesebanks.We ues the DEA, Malmquist approch and Tobit model to analyse thesituation,trying to find out how the banks performed their intermediary business and thefactor which has impact on the efficiency.The softwares used in this study are DEAP2.1and Eviews to assist our analysis.The logic frame of this study is like this:Firstly explains some related conceptions oftheintermediary business,and looks back related research about bank efficiency and theoff-balance sheet business.Recfifying the empirical study before, we collected data from23commercial bank during the year of2007to2012,calculating the efficiency of theintermediary business and find the influencing factors from microperspective.Finally,based on the research described before,we come to the conclusion andpropose some suggestions both politically and practically.