Research On Intermediary Business Development Of Commercial Banks In China Under The New Environment Of The Financial Deepening Background

The intermediary business of commercial bank has been come out in the developed countries in Europe at the 1930s,which has achieved rapid development after 1980s.The intermediary business of our country commercial bank is got started in 1995,although in the past 20 years have also made some progress,however,compared with the commercial banks of European and American,the intermediary business of our country commercial bank still has a a long way to go as it has large gaps in scale,variety and innovation ability.At present,with the continuous development of socialist market economy and the deepening of the financial system reform of our country,financial deepening evolving at a rapid speed in our country,presenting new characteristics:the preliminary implementation of interest rate liberalization,the intensified bank disintermediation,the strong shocks from Internet financial,private banks began to rise.All kinds of commercial banks how to effectively deal with it in this new environment of financial deepening constraints?How to reasonably and effectively develop intermediary business?This is a very significance topic for all kinds of commercial Banks in our country.In this paper,research on the topic.In this paper,the first chapter is the introduction.This chapter has elaborated this article research background and significance,has introduced the domestic and foreign literature review and the research idea and the frame,it also point out the research method and the innovation and deficiency.The second chapter is the development of commercial bank intermediary business.This chapter has defined the intermediary business of commercial bank at first;secondly,respectively expound the development of the intermediary business of the commercial bank in the United States,Britain,Germany,in the last introduced the development of the intermediary business of the commercial bank in our country.The third chapter is our country faces the new environment of financial deepening.This chapter reveals and in-depth analyzes the new environment of financial deepening in our country,this includes:preliminary implementation of interest rate liberalization,the intensified bank disintermediation,the strong shocks from Internet financial,private banks began to rise and the tendency of mixed management.The fourth chapter is the empirical analysis of the financial deepening constraints with development of bank intermediary business.This chapter on the new environment of our country financial deepening in the last chapter,empirical analysis of the financial deepening constraints with development of intermediary business of our commercial bank by theoretical analysis.By investigating five state-owned commercial Banks,ten joint-stock commercial banks,and two private banks in 2006—2014 sample data,the financial deepening constraints with the development of our country commercial bank intermediary business are discussed in detailed empirical through a panel model,which comes with a series of meaningful conclusions.Mainly include:(1)the interest rate liberalization has a certain degree of inhibition to the development of intermediary business of commercial bank,but relatively the inhibitory effect of private Banks received.(2)with the rise of the Internet finance in our country,the private bank has more obvious advantages in the field of payment.(3)in spite of the current commercial bank disintermediation,but bank lending is still the main source of corporate financing.(4)in the process of mixed management in our country,joint-stock commercial bank's investment banking intermediary business will have a larger development space.(5)the state-owned banks and joint-stock banks must face up and effectively cope with the impact of the rise of private banks,etc.The last is the fifth chapter,conclusion and suggestions.This chapter summarizes the above theoretical analysis and empirical analysis of the conclusions;put forward series of operable countermeasures and suggestions from the mobile payment business,investment bank business and asset management business three big categories on this basis.This innovation points of this essay are:firstly,the innovation of research perspective.The research on commercial bank intermediary business has been a lot of in both domestic and abroad,but almost all concentrated in the general sense studies on the influence factors of the intermediate business of commercial bank,the pricing mechanism,development strategy,etc.,and this article is based on the new environment of financial deepening in our country,to discuss the new environment under the constraint condition of commercial banks how to reasonably and effectively develop intermediary business,this is a new angle of view;Second,the innovation of research method.In the empirical analysis model creation gives the typical financial deepening constraint index,subdivides the structure of different sample bank intermediary business development into state-owned commercial banks,joint-stock commercial banks and private banks three categories,and analyzes the degree of new environment of financial deepening constraints to discuss the size of the our country commercial bank intermediary business development.But this article unavoidably exist some disadvantages,such as lack of the depth of the analysis of the theory of financial deepening;countermeasures and suggestions,the countermeasures and suggestions may be insufficient system,wide coverage is not enough,some countermeasures and suggestions may have a lack of operation.