Research On The Impact Of Interest Rate Liberalization On The Performance Of Listed Commercial Banks In China

Under the background of the basic completion of the interest rate marketization in China,it is very important for commercial banks to maintain steady operation in the new market environment in response to the impact of interest rate marketization.The liberalization of interest rate control,the situation of market capital supply and demand will have a great impact on the fluctuation of interest rate,the volatility of interest rate will become larger,which will have a great impact on the management and management of commercial banks.This paper is expected to study the impact of interest rate marketization on the performance of commercial banks and to compare and analyze the three types of commercial banks(including state-owned commercial banks,national joint-stock commercial banks and urban commercial banks).Finally,the relevant empirical conclusions are drawn and the countermeasures and suggestions are put forward.In this paper,theoretical analysis and empirical verification are combined to make an empirical measurement of the interest rate marketization.On the basis of this,the paper studies the impact of interest rate marketization on the performance of commercial banks,and finally finds the way of the effect of interest rate marketization on the performance of commercial banks and puts forward the countermeasures.In the process of analysis,the paper selects the panel data of 25 A-share listed commercial banks in China for 2006~2016 as the sample,and uses the analytic hierarchy process to construct the proxy variables of the reform of the representativeinterest rate marketization.That is,the interest rate marketization index IMI,at the same time,in order to better observe the promotion of interest rate market,commercial banks will have different effects due to different types.Three sub samples are constructed,which are state-owned commercial banks,joint-stock commercial banks and urban commercial banks,in order to study the differences.The conclusion of this paper is that the interest rate marketization index,the narrowing of net interest rate,the ratio of interest income,the total asset scale and the growth rate of GDP have a strong influence on the performance of commercial banks.The research shows that the interest rate marketization has a significant positive impact on the bank,but it has the greatest impact on the state-owned banks,and the commercial banks of the city are the least affected by the commercial banks;The net interest rate has a significant positive impact on the bank performance.Through the comparative study,it is also found that it has the greatest impact on commercial banks,and it is also the most significant,and its narrowing has a great impact on banks.Among the three types of commercial banks with three sub samples,the net interest rate difference has the greatest impact on the commercial banks;The index of interest income ratio has a significant negative impact on the performance of commercial banks,but only large state-owned commercial banks in the three types of banks have a significant impact;The size of each bank's assets is also different.Then,based on the above theories,the conclusions and suggestions are put forward,the main points are: strengthening the management of assets and liabilities,improving management ability and management level so as to stabilize interest margins;we should actively carry out business innovation and vigorously develop non-interest income related businesses,so as to improve the traditional income structure that relies heavily on interest income;we should rationally expand the scale and prevent blindly expanding blindly so as to enhance our core competitiveness and pay more attention to the improvement of marginal benefits.