Research On The Influence Of Shadow Banking On The Iquidity Risk Of China's Listed Commercial Banks

Shadow banking originated in the United States,but it was widely known in the wake of the 2008 U.S.financial crisis,and many people believe that shadow banking was the originator of the financial crisis.After that,the development of shadow banking became the main driver of the global expansion of the financial crisis.In recent years,shadow banking is the main form of financial innovation development in China,and it has become a channel for financial institutions to obtain funds,which plays an important role in the development of China's financial system.In this background,the development of commercial Banks is closely related to the more shadow banking business,and after 2010,shadow Banks scale is on a roll,the complex and varied business form,business scope has bank financial products business,collections,entrust loan business,trade business,and so on.However,the rapid development of China's shadow banking business relies too much on term mismatch,highly leveraged,and so on,these factors will bring commercial bank liquidity risk,even influence the financial stability,but the reason why the risk huge shadow banking will still be paid attention to by commercial Banks is that it can not only avoid regulation,reduce the credit constraints,and can reduce capital occupancy rate.In addition,the shadow banking business involves financial institutions is becoming more and more,the degree of exchanges between financial institutions is more and more deep,the possibility of risk contagion will increase,causing liquidity risk,therefore,shadow banking and closely related to liquidity,the research about the relation between them for commercial bank management has a certain guiding significance.This paper studies systematically influence on our country commercial bank liquidity risk by the shadow banking business.first of all,through reviewing the shadow banking business and liquidity risk of commercial bank theory,analyzes the influence of shadow banking business of commercial Banks liquidity risk theory.Second,analyzes mechanism of the bank internal shadow banking business to commercial Banks liquidity,concludes the changes of the expected liquidity.Then based on the data of 16 listed commercial Banks,this paper makes the empirical research,the scale of the shadow banking business is larger,the listed commercial Banks liquidity is lower,and the commercial bank non-performing loans(NPL),return on assets(ROA)and the growthrate of GDP,M2 growth rate will have an effect on commercial Banks' liquidity.Finally,the proposed strategies include two aspects: shadow banking regulation and commercial bank liquidity regulation.The main innovation of this paper is: firstly,this paper expounds the influence mechanism of shadow banking business on the liquidity risk of China's commercial Banks from six aspects.The mechanism of the bank internal shadow banking business to commercial Banks liquidity,from all kinds of business.Second,the article uses the latest way of liquidity measure: net stable finance ratio and liquidity coverage ratio.Domestic and foreign research on the liquidity risk,the influence of shadow banking usually used liquidity ratios,LDR,core liabilities ratio,liquidity gap,and so on,this paper uses the latest measure of liquidity index in Basel III: net stable finance ratio and liquidity coverage ratio,the index is a supplement to the existing empirical research.