Research On The Financing Efficiency Of Commercial Banks

With the introduction of the Basel Agreement III and the relevant regulations of the commercial banks in China,the demand for the capital supervision of commercial banks is increasing and the effective and rapid capital supplement has become a key concern of the commercial banks.Meanwhile,with the gradual promotion of our country multi-level capital market and deepening of investment and financing system reform,opportunities and challenges coexist in China's capital market.In order to better manage their own development,commercial banks pay more and more attention to financing problems.In the face of such economic background,commercial banks must optimize their financing structure so as to enhance their financing efficiency and enhance their competitiveness.As for the financing efficiency of commercial banks,most of the previous literature studies focus on the overall financing efficiency of commercial banks,which is not detailed.According to the data,CITIC Bank is the earliest commercial bank for domestic and foreign financing,rich in financing experience,and its financing model is a common model of commercial banks,very representative.At the same time,CITIC Bank in 2007 to realize the synchronous listing of A+H will not cause the volatility of financing efficiency to change obviously due to the inconsistency of the time of listing.The analysis error has obvious advantages in the stability of the empirical research,and then it presents a less ideal situation in the overall financing efficiency of CITIC Bank in the previous literature.Therefore,this paper analyzes the financing efficiency of CITIC Bank as the main research object.On the one hand,it can provide specific countermeasures and suggestions for the improvement of the financing efficiency of CITIC Bank.On the other hand,it can also provide reference for other commercial banks.It has strong practical significance and can supplement the literature in this field.This paper starts with the overall financing efficiency of commercial banks,and takes CITIC Bank as the main research object,and makes a case analysis of its financing efficiency.First of all,we use the DEA window analysis method to make an empirical analysis on the efficiency of bank financing from the perspective of the financing structure,and then use the Tobit model to study the factors that affect the financing efficiency.From the DEA window analysis,we can make a horizontal comparison between CITIC Bank and other commercial banks to draw the level of its financing efficiency in the overall research object,and then combine its own financing efficiency for a longitudinal analysis,and then draw a conclusion that CITIC Bank is in the middle position in the financing efficiency of many commercial banks.The efficiency shows a slight decline trend,the indicators have different degrees of redundancy,and in combination with the pure technical efficiency and scale efficiency,it is concluded that CITIC Bank should appropriately increase the proportion of endogenous financing in financing,rationally configure the proportion of creditor's right financing and equity financing to improve the financing efficiency.Then combined with the financing efficiency value of the DEA window analysis,we use the Tobit model to make an empirical study on the influencing factors of the financing efficiency,and select the indicators from two aspects of the external and internal aspects,and draw a significant positive correlation between the financing cost,the future growth,the external economic situation and the financing efficiency,and the asset scale and the financing efficiency.There is a significant negative correlation between capital structure and financing efficiency,and then a detailed analysis is made based on the actual situation of CITIC Bank.In the end,the paper puts forward some suggestions for CITIC Bank to optimize the financing structure and improve the efficiency of financing.It has a strong guiding significance for the better management and development of CITIC Bank in the future.