Comparative Study On The Intermediate Business Income Of State Owned Banks And Small And Medium-sized Joint Stock Commercial Banks

Commercial banks play a lever role in the process of development of market economy,is directly involved in the market economic activity subject,and also is an important medium of currency circulation in China,the economic model of commercial bank under the development of market economy,exchange rate and capital flow,monetary policy is very important.China's commercial banks from the beginning of the establishment has been with the changes of the times and China's economic development and reform,with the deepening of China's reform and opening up,the development of world economic integration,especially with the interest rate market and financial market and "media" on deepening the reform of the past,deposit and loan business profits are a great impact.After China's accession to the WTO,in order to make our country's-commercial banks more active in the market,the bank must vigorously develop the intermediary business in the financial industry to maintain strong competitiveness.The development of intermediate business of commercial banks in China than in the west development of late 2002 China formally promulgated the "Interim Provisions" of the intermediary business of commercial bank,intermediary business will be classified as:payment intermediary business,the bank card business,the proxy class intermediary business,guarantee and commitment in the business,trading intermediary business,investment bank business,fund custody business,consulting services,other types of intermediary business a total of nine categories.The intermediate business of commercial banks in China have developed rapidly in recent years,both kinds of intermediary business income or intermediate business have been greatly improved,but the state-owned banks and joint-stock commercial banks because of their mode of operation,asset size,market positioning is different,nearly 10 years of these two types of commercial banks also exist some differences in the development of the intermediary business.So it is necessary to study the combination of panel data and empirical research,meet the needs of the 13th Five-Year plan,make a research on the further development of China's commercial banks.In the past ten years,the development of intermediary business of state-owned banks and joint-stock commercial banks have entered the golden period,the support of national policy and the bank's own attention has greatly accelerated the growth of the business,the development of intermediary business of state-owned banks and joint-stock commercial banks show different characteristics,the biggest difference is that 10 years ago from state-owned banks no matter from the middle income or middle income share is far more than the joint-stock commercial banks,but now some joint-stock commercial banks have the state-owned bank counter ultra,state-owned banks intermediate business income growth rate and intermediate business income accounted for less than joint-stock commercial banks,visible if it is not appropriate to study the intermediate business of commercial banks in China need to generalize,characterized by the development of intermediary business between state-owned banks and joint-stock commercial banks,analysis of state-owned bank The reasons for the differences between the commercial banks and the joint-stock commercial banks,and puts forward some suggestions and strategies for the development of the intermediary business of the state-owned banks.What we have to do the work,is the hope that through the comparison of the intermediary business in recent years,the state-owned banks and joint-stock commercial banks,find the similarities and differences between the two categories of banks,analyzed the possible reasons,do the empirical analysis for the affecting factors of state-owned banks and joint-stock commercial banks intermediate business income differences,finally puts forward some countermeasures and suggestions on how to the development of intermediate business of state-owned banks.The main conclusions of this paper are:(1)the development of intermediate business of commercial banks in China and the macro and micro factors are closely related;(2)the state-owned banks and joint-stock commercial banks intermediate business income has great development in the empirical study in the past ten years,the state-owned banks intermediate business income accounted for the factors more than joint-stock commercial banks;(3)through the comparison of the state-owned banks and joint-stock commercial banks empirical results,state-owned banks intermediate business income accounted for by the profitability of assets is the most significant;joint-stock commercial banks intermediate business income accounted for the GDP growth rate has the most significant impact;(4)from the perspective of comparison the state-owned banks and joint-stock commercial banks in recent ten years,the intermediate business income perspective,the two types of commercial banks showing a different state of development.According to the conclusion put forward relevant countermeasures and suggestions for the state-owned banks:(1)to accelerate the process of marketization of interest rates,commercial banks to promote financial disintermediation;(2)to strengthen the control and supervision of the intermediary business risk of state-owned banks;(3)encourage state-owned banks to develop new products,to avoid the homogenization phenomenon is serious;(4)to deepen the reform of management mechanism of state-owned banks;(5)to play the market advantage,improve product innovation ability;(6)specification of intermediary business product pricing mechanism.