Liquidity Management Of Commercial Bank In China Under The Liquidity Shock

The liquidity risk has always been regarded by the commercial banks as "the most fatal risk".It brings great impact to the robustness of the commercial banks and the stability of the economy structure.The "money shortage" of June 2013 challenges the Chinese banking system,which had been awash with sufficient liquidity.Management problem of commercial bank's liquidity has once again become a heated theme of academic and practical discussion.There are various sources and reasons for the emergence of "money shortage",however,on the whole,the phenomenon can not exist without the overall background of the interest rate liberalization.With the advance of the interest rate liberalization,the market has become the major way to allocate the resources,the interest rate also gradually depends on the supply and demand of the money,the stability of commercial bank's debt drop significantly and the pace of asset securitization is accelerating The difficulty of managing the term structure of commercial bank assets and liabilities,along with the difficulty of accurately forecasting the cash flow increased significantly.The excess liquidity and liquidity shortage may arise frequently and switch mutually.The probability of liquidity risk increase greatly.And this calls for a more strictly requirement for the liquidity management.In the current complex background of reform in our country's financial management system and financial marketization,the cause of excess liquidity and the liquidity shortage problem is extremely complicated,there exists the problem of the commercial bank's own along with various factors of the Macro-economic and financial situation,financial industry system,industrial structure,fiscal and monetary policy and so forth.The two states bring different implications to the commercial bank's liquidity management.The rise of the Internet Finance has provided us with advantages to investigate the commercial bank's liquidity management in a continuous process of interest rate marketization.The Internet Finance has been promoting.The last and hardest part of the interest rate marketization in a unique and distinct way---the marketization of deposit interest rate.The booming of the Internet Finance significantly decreased the commercial bank's deposit,tend to lead the deposit structure with more current deposit,this will weaken the stability of deposit,also jeopardize the commercial bank asset's liquidity management.Meanwhile,the liquidity risk inside the Internet Finance will easily spread to the banking system,which threatens the management of commercial bank's liquidity management.In the process of rapid changes in liquidity,the liquidity risk of commercial bank has been an ever-increasingly full-scale risk.Its impact has not limited to the banking system,but influence the real economy greatly.The multilateral cooperation and co-action of the government,authority and the commercial bank is needed to strengthen the liquidity management.It is crucial for the commercial bank to strengthen the awareness to liquidity management,improve the ability of positive management of liquidity,build a diversified debt management structure and strengthen the technological level of liquidity management.It's also important for the supervision authority to accelerate the reform of liquidity supervision,set a more reasonable and efficient standard for liquidity supervision,guide the commercial banks to optimize the management structure of liquidity risk and make full use of the Joint inter-ministerial meeting of financial supervision's effect.he government should promote the interest rate marketization,accelerate the construction pace of deposit insurance system along with the deepening of reform in the financial field and boost the construction of financial market.With the joint effect of all sides,can we improve the management level of commercial bank's liquidity management level and boost the ability of financial system to withstand the liquidity risk.