Study On Asset-Liability Management Transformation Of Chinese Commercial Banks In The New Normal

In the “new normal” background, China's economic development and economic policies present some new features: increasing pressure of economic downward, weak economic growth, acceleration of interest rate liberalization reform, the establishment of a deposit insurance system, the rapid development of the Internet finance and widespread security market. In order to adapt the “new normal”, commercial banks are facing challenges from all aspects, which will also bring great changes in the business management of commercial banks; Because the asset-liability management plays an important role in the operation and management of commercial banks, which is a management method of commercial banks to ensure to balance the three contradictory characteristics: liquidity, security, profitability, so improving the effectiveness of asset-liability management of commercial banks will enhance the core competitiveness of commercial banks and the transformation of the asset and liability management is an inevitable trend of sustainable development of commercial banks in the “new normal”.This article reviews the development process of commercial bank assets and liabilities management theory. Firstly, this paper analyses the new features of the new normal economic status. Secondly, from the aspects of the internal structure of assets and liabilities of the commercial banks and financial market environment, the article analyses the present situation of management of the assets and liabilities. On the one hand, through analyzing the present situation of assets and liabilities from the total amount, structure, quality aspects, this thesis finds the existing problems in the asset-liability management. On the other hand, this paper talks about the influence of the Internet finance, interest rate liberalization, establishment of a deposit insurance system and financial supervision. What's more, according to the characteristics of the commercial banks development and financial market environment changes, this paper conducts an empirical research of the influences on the efficiency of asset-liability management. The empirical research uses the ROA as variable supplemented by ROE,which extracts the influence elements from the internal and external market environment, selects 2007-2015 quarterly data of commercial banks, and then applies the panel data model. In the end, according to the analysis of the problems of commercial bank assets and liabilities management discovered by the previousresearch, this article provides a series of countermeasures and suggestions to the transformation of China's commercial banks to adapt to the development of new normal development.