The Influence Of Banking Industry Opening To The Credit Channels Of China's Monetary Policy Banks

With the development of globally economic and financial integration,commercial banks,as an important part of China's financial industry,have gradually expanded their openness and joined the international financial system.The rapid development of foreign banks in China,the implementation of the “going out” strategy in China's banking reform,and the domestic banking industry and foreign banks in the process of learning from each other,have an increasingly greater impact on China's banking credit system and monetary policy transmission mechanism.In this realistic context,this paper mainly studies impacts of banking opening on the credit channel of China's monetary policy banks.Due to the advanced level of financial innovation brought about by the opening of the banking industry and the advantages of foreign banks in management and technology,the competitiveness of China's commercial banks has been intensified.The China Banking Regulatory Commission has been stepped up to increase the risk supervision of commercial banks.The gradual deepening of openness has made these factors more and more important to China's domestic commercial banks.China's monetary policy bank credit transmission channels still play an important role,which makes the research banking industry open to China's monetary policy bank credit channels.The impact has certain forward-looking and practical significance.This paper firstly analyzes the relevant literatures on banking openness and monetary policies home and abroad,and analyzes the actual situation of China's banking industry.This paper firstly analyzes the relevant literatures on banking openness and monetary policy at home and abroad,and thereafter analyzes the actual situation of China's banking industry,and further obtains the research ideas of this paper and the hypothesis through relevant theoretical reasoning,and empirically verifies the hypothesis through the measurement model.The results of this paper show that,first of all,the overall opening of the banking industry has weakened the transmission effect of the credit channel of China's monetary policy banks.The opening-up of the banking industry has increased the competitiveness of China's commercial banks,and China's small and medium-sized commercial banks are more dependent on relational lending and lending relations than large commercial banks.Therefore,the weakening effect of small and medium-sized commercial banks on China's bank credit transmission channels is even more obvious.Secondly,the opening-up of the banking industry has strengthened the substitution elasticity of deposit-type liabilities and loan-type assets of commercial banks in China.As the opening-up of the banking industry has prompted China to increase the capital adequacy ratio of commercial banks,China's large commercial banks have more advantages than small and mediumsized banks.With more financing channels,the opening-up of the banking industry has strengthened the substitution of deposit-liabilities and the substitution of loan-type assets of large banks.Thirdly,the opening-up of the banking industry has alleviated the financing constraints of SMEs in China.The entry of foreign banks has provided more financing channels for SMEs in China,which has weakened the dependence of SMEs on bank credit in China.The transmission effect of the credit channel has a negative effect.