Research On The Influence Of Intermediary Business On The Business Performance Of Commercial Banks Under The New Normal Economy

China's economy shifted from high-speed development to medium-high-speed development in 2012.With the promotion of interest rate liberalization,the deepening of supply-side structural reform,and the intensification of financial disintermediation,the development of commercial Banks is facing great pressure.Especially under the new normal,the reduction of loan demand caused by the slowdown of economic growth and the reduction of net interest margin caused by interest rate liberalization have brought a serious impact on the traditional profit model of deposit and loan spread of commercial Banks,and increasingly affect the business performance and long-term development of commercial Banks.Only by reforming and innovating,actively changing business models,and paying attention to and exploring the development of intermediary business,can commercial Banks overcome challenges,successfully transform themselves and realize long-term and stable development of commercial Banks.However,in the new normal,the relationship between intermediary business and business performance of commercial Banks and whether it can effectively improve the level of business performance still need further research and analysis.Therefore,this paper studies the relationship between intermediary business income and intermediary business structure and bank operating performance under the new normal economy.This paper is divided into two parts:theoretical research and empirical research.In terms of theoretical research,firstly,the related concepts and theoretical basis of economic new normal,intermediary business and business performance are summarized,and the influence mechanism of intermediary busin ess on business performance of commercial Banks is analyzed.Secondly,the paper analyzes the current situation of the development of intermediary business in China,and points out that at the present stage,commercial Banks in China have problems such as unbalanced development of income scale of intermediary business,low proportion of intermediary business and unreasonable structure of intermediary business.In terms of empirical research,this paper USES the data of Chinese commercial Banks from 2006 to 2017 to conduct an empirical analysis on the relationship between intermediary business income and intermediary business structure and business performance of commercial Banks.The empirical analysis was divided into two groups.One group was a comparative experiment to verify the influence of intermediate business income on the business performance of commercial Banks before and under the new normal.Another group verifies the impact of intermediate business structure on business performance of commercial Banks under the new normal.In the empirical analysis,state-owned commercial Banks,joint-stock commercial Banks and urban commercial Banks are studied respectively due to the different operating conditions of commercial Banks of different natures.The empirical results show that in terms of intermediary business income,before the economic new normal,the intermediary business income of state-owned commercial Banks is negatively correlated with their business performance,while under the economic new normal,it is positively correlated with their business performance.Before the new normal,the intermediate business income of joint-stock commercial Banks was positively correlated with their business performance,while under the new normal,it was negatively correlated with their business performance.As for the intermediate business structure,under the new normal,the diversification of income structure restrains the operating performance of state-owned commercial Banks and joint-stock commercial Banks,and promotes the operating performance of urban commercial Banks.Finally,based on the results of theoretical and empirical studies,this paper puts forward Suggestions in line with their own actual conditions on how state-owned commercial Banks,joint-stock commercial Banks and urban commercial Banks should develop intermediary business and improve operational performance to achieve long-term and stable development under the new normal economy.First,state-owned commercial Banks should cultivate professionals in intermediary business and increase the proportion of intermediary business.Second,we should properly adjust the structure of intermediary businesses and develop characteristic intermediary businesses.Joint-stock commercial Banks should maintain the traditional credit business and optimize the business structure.The second is to do a good job in risk identification of intermediary business,pay attention to risk control.First,urban commercial Banks should expand the scale of intermediate business income;Second,we should attach importance to the diversified development of intermediary businesses.