The Influence Of The Changes Of Capital Regulation Requirements On The Asset Allocation Of Commercial Bank

The outbreak of the global financial crisis in 2008 sparked a comprehensive reflection of financial regulation,especially capital regulation.In the process,different countries,different nature of the performance of banks are very different,in the next period,how to adjust the existing regulatory framework based on their own national conditions,will become an important part of the national banking regulatory reform,the problem has been noticed deeply.The impact of the global financial turmoil on Chinese economic and financial development shows that the current regulatory model of China's banking financial institutions is hard to cope with the new challenges that brought by modern financial development.Strengthening the capital supervision of commercial banks and improving the soundness of the banking system is a very urgent task before the Chinese regulatory authorities.And the unique institutional background and transitional characteristics of the Chinese economy determine that it can not obtain the ready experience directly from the existing theoretical analysis or empirical results abroad.Commercial banks dominate China's banking sector.Commercial bank business,deposit and lending spread is still an important source of bank profits,but with China's real economy from high-speed growth to high-speed growth,overcapacity industry to the production capacity,the development of Internet finance,financial regulatory changes Etc.,commercial banks face the need for transformation.From Basel II in 1998 to Basel II in 2004,it can be seen that capital regulation is becoming increasingly important for banking regulation,especially since the 2008 financial crisis,some banks with high capital adequacy ratios are also in crisis collapse.The implementation of Basel III in 2010 will enhance the level of banking risk control on a global scale and promote the optimization of China's commercial banks.People pay more attention to the banking system of systemic risk on the financial industry,macroeconomic and even the world economy harm from the overall perspective of systemic risk of macro-prudential supervision increasingly attention.Under the relevant international rules on macroeconomic prudential supervision of the G20,FSB and BCBS,countries are actively exploring the banking macro-prudential regulatory framework to maintain financial stability and promote economic development.At present,the world economic recovery is slow,the US and Japan quantitative easing monetary policy on the global economy is deepening,increasing financial risks,developing countries,the downward pressure on the economy,China's comprehensive deepening reform is steadily advancing.Under this new situation,it is not only important to study the core macro-prudential supervision framework of the banking industry,which is suitable for China's national conditions,to deepen the reform of the economy and the financial system,to speed up the opening and development of finance and to play the role of finance in the modern economy Meaning,but also has a strong practical significance.China's commercial banks are facing more stringent regulatory requirements,we must adjust the asset allocation structure to balance profit maximization and risk control.Therefore,whether capital regulation plays an optimal role in the asset allocation behavior of commercial banks is of great significance to the regulatory authorities.After the theoretical elaboration of the mechanism between capital supervision and bank asset allocation behavior,through the development of 16 listed banks(Industrial and Commercial Bank of China,China Construction Bank,Bank of China,Agricultural Bank of China,China Merchants Bank,Bank of Communications,Shanghai Pudong Development Bank,China Minsheng Bank,Industrial Bank,Shenzhen Development Bank,Bank of Nanjing,Bank of Ningbo,CITIC Bank,China Everbright Bank,Bank of Beijing and Huaxia Bank),and explored changes in capital regulatory requirements and asset allocation behavior of commercial banks And the necessity of the transformation of commercial banks from 2008 to 2015 from the perspective of capital risk regulation.This paper selects the proportion of loans to total explanations.The capital adequacy ratio,the core capital adequacy ratio,and the capital are restricted banks or under-Variables,and consider the following control variables: GDP growth,the proportion of total assets,non-performing loan ratio,bank size,interest income loan ratio,structural diversification equation to analyze the impact of capital regulation on the specific asset allocation of specific banks.