Study On The Impact Of Financial Disintermediation On The Soundness Of Commercial Banks

With the deepening of China's financial reform and the development of China's financial market,financial disintermediation phenomenon is emerging and deepening in China gradually.From the view of past experience,the main reason for financial disintermediation is that many funds are allocated by other financial institutions and capital market directly by passing commercial banks,The occurrence and development of financial disintermediation will inevitably have direct or indirect impacts on commercial banks.Then,can the impacts shock the soundness of commercial banks?If they have shocked,how much is the shock?How can the commercial banks cope with the shock?All of these important issues are not only urgent to be resolved,but also the main contents of this paper.This dissertation adopt the combination of qualitative analysis and quantitative analysis methods.Firstly,this dissertation analysis about the present situation of our country financial disintermediation,based on the theory of financial intermediation.The analysis found out that our country's commercial bank loan business in social financing proportion is declining,savings deposits as a stable source of funds of commercial bank the growth speed is also slow down.At the same time,in our country's capital market,represented by the stock market and bond market,is booming,and the internet financial is rising rapidly.Then this dissertation qualitatively analyzes the impact of the financial disintermediation on the soundness of the commercial bank.Financial disintermediation has made some money around commercial Banks,Large number of quality customers have more financing way,bargaining power is stronger,which challenge the profit pattern of commercial banks.The loss of high-quality customer increases the credit risk of commercial Banks,the reduce with the increase of capital structural period mismatch makes the liquidity risk of commercial Banks.Qualitative analysis financial disintermediation will weaken the conclusion of the robustness of commercial Banks.Thirdly,this dissertation qualitatively analyzes the impacts of financial disintermediation on the soundness of commercial banks in China.Finally,this dissertation constructs the indicators which can measure the financial disintermediation and soundness of commercial banks in China.With the balanced panel data of 15 listed banks in China,this paper empirically tests the impact of financial disintermediation on the soundness of commercial banks.