Research On Funds Mismatches Of Chinese Commercial Banks

Shibor was rising since May in the year of 2013. It has reached unprecedented heights on June 20 in 2013, which is the first day of the overnight Shibor interest rates reach 13.4440 percent. This situation is magnified in the capital markets, resulting in the emergence of various term funds rate rose overall, the number and rate of return financial products issued by banks continue to record, the situation shows that the commercial banks appear the liquidity problem. At the same time, increasing tightening of domestic monetary policy leds to the "money shortage" further escalation.Based on the background, commercial banks’ balance sheets are the start of the paper. On the basis of the liquidity gap model of western commercial banks commonly used, the size of the gap in the overall balance between the size of the sources and uses of funds is the measure. The stable sources of short-term funds are partially decomposed by H-P filtering method, and its fluctuation within a certain confidence interval lower limit and merge with the long-term trend for the lowest limit short-term bank funding sources will be found. Then four banks are selected as samples,.But after their gaps are estimated, there is a positive gap funding mismatches,it means there is no shortage of liquidity.Secondly, finding out the influencing factors by panel model. Factors are divided into two aspects, one is market-related factors, namely "common variables,".Because of large numbers of index and high correlation, principal component analysis are selected to extract the common factor of these variables as a new variable; on the other hand, bank individual factors, namely "special variables". Then principal component analysis extracts common factors and variables into a special bank to establish a cross-section panel model.Again, in order to define the "public variables" factor and the "special variable" factors specific impact of the commercial banks funding gap of mismatches, a fixed effect model was used. The empirical results show that, from a market perspective, when a country is in a good economic environment,the mismatch fund of commercial banks will be larger.From the perspective of commercial banks, as deposit-loan ratio, non-performing loan ratio and total loans / total assets increasing, the gap will always increase.Finally, the empirical results proposed to increase the reasonable investment channels, reduce the phenomenon of cross-holdings of financial products, improve commercial banks’ liquidity management, looking for liquidity and profitability balance, to further improve the deposit insurance system, the development of securitization of credit assets and other recommendations.