The Impact And Countermeasure Study On China Merchants Bank Business Management Under The Interest Rate Liberalization Reform

As an important part of China’s financial reform, interest rate liberalization has been paid much attention.Since the central bank of China opened inter-bank lending rates in 1996,the interest rate liberalization reform of our country has taken an important step.The interest rate liberalization reform has accelerated the pace since 2000,and China’s central bank announced that it would liberalize lending rates of financial institutions on July 20, 2013.Since then, the interest rate of China’s money market, bond market, foreign exchange market and the RMB loan market has been fully liberalized and the interest rate liberalization reform in our country has entered a crucial stage.The central bank adjust the upper limit of the range of deposit interest rates of financial institutions from 1.1 times to 1.2 times on November 22, 2014,and we could know that the full liberalization of the RMB deposit interest rate is an inevitable trend.The interest rate liberalization can optimize the allocation of resources, improve the efficiency of financial institutions,and provide a great opportunity for the innovation and development of commercial banks.But it also brings a big challenge and increase the management risk of the commercial bank.This paper aims to analyze the influence on China merchants bank business management under the interest rate liberalization reform and try to find out the corresponding countermeasure, which would have important practical significance.This article first introduces the research achievements of domestic and foreign scholars in the interest rate liberalization and lay the foundation for later analysis.Then we summarize the process of China’s interest rate liberalization reform, China merchants bank’s overall operating conditions. Then through horizontal and vertical contrast of the annual report data,the paper sums up the influence on China merchants bank business management under the interest rate liberalization from the management of interest rate risk, income structure and customer structure aspects.Finally, according to the above analysis and the management condition of China Merchants Bank, the article poses the suggestions that China Merchants Bank should strengthen the interest rate risk management,adjust business and income structure actively and optimize the customer structure further,in order to deal with the great challenges effectively which interest rate liberalization reform would bring about.