Research On The Development Of Intermediary Business In Agriculture Bank Of China Hebei Branch

At present,the main challenges that China's banking industry faces are:Firstly,since China's accession to the WTO,domestic market,including financial market,become fully open to foreign investment.Foreign banks join the competition based on its powerful inner strength and innovation of management idea so that competition is becoming more and more fiercely.Secondly,unstable factors of traditional domestic banking industry's main source of income(interest spreads of deposit and loan)increase due to the influence of marketization of interest rate and national macroeconomic regulation of monetary control.Thirdly,financial disintermediation becomes more and more serious with continuous development of domestic capital market as well as gradually loosening financial regulations.With the development of globalization,how to deal with the competition from both inside and outside the industry and how to keep a sustainable development of banking industry are the questions that each bank staff should be thinking about.Based on its superior geographical position and good environment of economic development,Agricultural Bank of China,Hebei Branch,discussed in detail in terms of how to promote intermediary business and has achieved great success in development of intermediary business.This has also been the top priority during the process of "three-year development plan" as well as the transformation of business management.In order to promote the development of intermediary business,a series of measures have been taking,including price formulation,channel optimization,marketing,products update,performance appraisal,resource matching and so on.However,there are still some problems from both the external environment and internal management which restrict the further development of intermediary business.This article will focus on the development of intermediary business according to the situation of Agricultural Bank of China,Hebei Branch.Based on the summary and review of the current situation of development of intermediary business at home and abroad,this article analyses the situation of Hebei Branch and then puts forward its deficiencies.After that,this paper gives relevant countermeasures and suggestions to continuous explore the promotion of intermediary business in order to form some new ideas.Hopefully,these ideas could give some reference value to the development of intermediary business at provincial level of domestic commercial banks.