Research On The Effect Of The Inter-bank Business On Chinese Listed Commercial Banks’ X-efficiency

Inter-bank Business has developed rapidly in China, based on the immature asset transfer system in China, Inter-bank Business conforms to the demands of the market which conversion in balance sheet business to off balance sheet business, that is good for asset structure, speed up the transfer of the assets. But the transaction mode easily lead to liquidity risk, and cover up the true risk, does not ease of supervision and macro-control. So under the risk prevention, it is necessary from the perspective of profit creation and cost control of commercial banks to how to play a better role of the business, will help to objectively assess the Inter-bank Business and by seeking the rational allocation of assets and liabilities, further guiding the orientation of business innovation of commercial banks.Based on this, to explore Inter-bank Business effect on the listed commercial banks’ X-efficiency, we select 2002-2013 years 13 listed commercial banks as study objects. Firstly, using stochastic frontier analysis(SFA) to measure the profit-efficiency and the cost-efficiency, Secondly, establishing Panel regression model tested to test the effects of Inter-bank Business, The empirical results show:(1)2002-2013, Joint-stock banks’ average profit-efficiency is higher than the State-owned banks’, and State-owned banks ’ average cost-efficiency is higher than joint-stock banks’, since 2009 the four efficiency value swings slowly and gradually approaching the each other.(2)Increasing the disposition of interbank assets and financial investments, raising fees and commission income accounted for profit-efficiency and costefficiency improvement; while increasing the disposition of interbank liabilities is not conducive to profit-efficiency and cost-efficiency; reducing the reliance on indirect financing is conducive to profit-efficiency.