The Impact Of Interest Rate Policy On The Operating Performance Of China's Commercial Banks

This paper mainly studies the impact of interest rate policy on the performance of commercial banks.Although our country has now traditionally run the "last mile" of interest rate marketization,there is still a long way to go before the completion of interest rate marketization.In recent years,the state according to the current economic situation and changes in the use of interest rate instruments to adjust interest rates frequently to achieve the purpose of regulating the economy.Commercial banks,as the most important intermediaries in the financial market,put up the "bridge" of the national macroeconomic policies and microfinance activities of the market.Therefore,the impact of interest rate policy on the performance of commercial banks is analyzed and the empirical method is used to analyze.The central bank's policy control and commercial bank business activities also have a corresponding reference and reference.This paper begins with a detailed analysis of the concepts involved in the paper,including interest rate policy,commercial bank performance,performance evaluation method and interest rate policy transmission mechanism.In the aspect of fact analysis,this paper introduces the current situation of current interest rate policy and banks' business performance,the relationship between the two shows a clear comparison and analysis of the chart,and then use 16 commercial banks in 2007-2015 data for the sample,through the principal component analysis Calculate the operating performance of each bank,the use of commercial banks on the annual financial statements published on the net interest rate as a representative of interest rate policy indicators,the use of Stata12.0 software,through the construction of panel model,select the individual fixed effect model regression analysis of interest rate policy on the Performance of Commercial Banks.The results show that the net interest spread has a significant positive effect on the performance of the commercial banks in the current period,and has a significant negative impact in the lagged one period.Suggestions: commercial banks should be in the interest rate market environment,reasonable pricing,to maintain a reasonable range of deposits and loans,while improving the ability to predict the trend of interest rates,the establishment of interest rate risk prevention mechanism,multi-channel differentiation of business,increase financial innovation,deepen the financial mixed operation,and comprehensively improve the commercial bank business performance.