A Study On The Liquidity Risk Management Of Chinese Commercial Banks In Post-crisis Era

Liquidity risk is the most fundamental risk that commercial banks face.Therefore,it's important for commercial banks to manage liquidity risk effectively.With the acceleration of financial disintermediation,the rising shadow bank,the rapid development of Internet finance and the transformation of business model of commercial banks,new changes have taken place in Chinese commercial banks since post-crisis era,which makes the liquidity risk management of Chinese commercial banks face new challenge.Commercial banks and regulatory authorities have taken a series of measures to manage the liquidity risk of commercial banks,but the liquidity risk of commercial banks is still not optimistic.This paper takes Huaxia Bank for example to study on the liquidity risk management of Chinese commercial banks in post-crisis era.First of all,this paper sets forth the changes in liquidity environment of Chinese commercial banks and analyses the current liquidity risk of Chinese commercial banks.Secondly,this paper selects liquidity indicators of Huaxia Bank(from 2007 4th quarter to 2015 4th quarter)as samples to analyse the present liquidity risk of Huaxia Bank by comparative analysis and summarizes the characters of liquidity risk of Huaxia Bank.Thirdly,this paper explores the reasons of liquidity risk of Huaxia Bank by using standard analysis and explains the influence mechanism of each reason.Fourthly,in order to prove that the relevant variables can cause the liquidity risk of Huaxia Bank,this paper chooses liquidity indicators of Huaxia Bank and variables that can cause liquidity risk of Huaxia Bank(from 2007 3rd quarter to 2016 1st quarter)as samples to build VAR model,which makes regression analysis between these indicators and variables.Lastly,on the basis of empirical analysis,this paper combines the new development of the liquidity risk management,the current liquidity risk of Chinese commercial banks and the typical factors in case to put forward specific measures on the liquidity risk management.The main contribution of this paper includes: analyses the reasons of liquidity risk of Huaxia Bank in post-crisis era and proves it by empirical analysis;combines the present liquidity risk of Chinese commercial banks,the typical factors in case and the new development of the liquidity risk management to put forward specific measures on management of liquidity risk of commercial bank under macro-prudential perspective;overcomes the shortcoming of the existing micro-prudential liquidity risk and provides new line of thinking for commercial banks to set up a scientific and effective set of measures to manage liquidity risk.