Research On The Impact Of Financial Demedia On The Transformation Of Commercial Banks In China

Financial disintermediation originally produced in the United States,this phenomenon during the 90 s and 1930 s,roughly experienced three stages of shock and metamorphosis,caused by a legal system of the initial institutional disintermediation to market-oriented interest rate marketability of disintermediation disintermediation to rise of the Internet technology,progressive stages influence and characteristics.Compared to the United States and other developed capitalist countries,financial disintermediation phenomenon appear in China started late,development rapidly,cause overlapping the characteristics of the complex.With the rapid development of China’s national economy,the financial reform expedites the financial market gradually perfect,the financial disintermediation is accompanied by a process that arises at the historic moment,with the rapid development of modern information technology and promote the marketization of interest rate in the background,release the pressure of the risk of gathering,in this case not only test the banking risk management ability of our country,further forcing commercial Banks to speed up the steps of business transformation.Financial disintermediation effect on our country commercial bank business and the future trend of the development of the banking sector is a key link in the process of deepening the reform of China’s financial system and innovation,in the trend of financial globalization and China’s domestic economic environment facing the new situation,our country commercial bank of the three major business plate impacted by the following: first,the loss of bank deposits;Second,the lending market is squeezing out;Three is on the intermediary business and third-party payment institution the game between the increasingly fierce competition,so the affected by fluctuations in China’s commercial Banks business and implementation of strategic transformation has strong practical significance and the commercial Banks how to play their own advantages in financial disintermediation trend change the business structure transformation,how to strengthen the innovation of the products and services in order to re-establish a competitive advantage to achieve stable operation,these are the banking sector will face the challenge of simultaneously is also the research meaning of this article.Under the background of research of this paper is focused on financial disintermediation commercial Banks how to realize the business transformation,restore business advantage and sustainable development in the competition in financial markets.This paper by analyzing the domestic and foreign research on financial disintermediation of related literature and theory system,and combined with the current status of the development of China’s banking industry,this paper analyzes the recent 10 years in our country the causes of the financial disintermediation,by measuring roughly concluded that the degree of financial disintermediation trend in our country,analysis of commercial Banks in the business,profit and risk level the impact;Secondly on the basis of theoretical analysis,the researches on the three major business of commercial Banks,not only in terms of traditional deposit and lending business 1 quarter of 2007 to 2007 1 quarter of the stock market,bond market financing amount and the insurance premium income as a variable,a new normal is a combination of economy and promoting the environment of interest rate marketization,join the index of net capital flows,vector autoregressive model(VAR)analysis of different variables of the background of financial disintermediation overall impact on the traditional business of commercial bank in our country,using the impulse response function(IRF)and variance decomposition degree of the impact of different variables of the specific analysis of the traditional business.On intermediary business,given the data of statistical caliber of consistency,integrity and analyzed emphatically in the intermediary business accounts for larger payment services,the introduction of evolutionary game analysis method,to grasp the commercial Banks and third-party payment institution on the cross business dynamic competition and cooperation relationship.It is because of the commercial Banks as the main body of China’s financial industry and the investment and financing channels,in our country have a vital credit intermediary dominance,closely connected with the stable operation of the national economy,so the financial disintermediation of commercial Banks have a profound impact,cause the attention of the society from all walks of life.Financial disintermediation,according to this article research conclusion has certain on the assets business and liabilities business,diversified low-cost financing channel dredge is bound to produce more alternative to commercial bank loan business,and efficient approach to investing will impact on commercial bank deposits;Other intermediate business in commercial Banks,first of all to further play its comparative advantage,the second compression regulatory arbitrage space,the final cost of default should be set to rationalize.In financial disintermediation,under the trend of increasingly deepen on the strategy of commercial bank business transformation and upgrading,the first to speed up the transformation of development mode of management,stable operation of traditional business,intermediary business innovation energetically,take the customer as the center,promote comprehensive financial service ability;Second,strengthen the commercial bank business entities by thinking the transformation of thinking from the Internet;Third,promoting the coordinated development of tradition and innovation business risk management mechanism.The degree of future financial disintermediation will incline to longitudinal deepening,the cause of the formation tends to complicate,financial disintermediation will further lead to the weakening of the commercial bank credit intermediary role,only by upgrading,commercial Banks business transformation can effectively realize the disintermediation.