Research On The Innovation Of Intermediate Business Of Joint-stock Commercial Bank Under The Interest Rate Marketization

The People's Bank of China issued a notice on the management of the cancellation of the interbank lending rate in 1996,which opened the prelude to market-based reform of interest rates.By 2018,the central bank's working conference proposed to deepen the reform of interest rate liberalization,and China's interest rate market It has been more than two decades.In traditional commercial banks,the traditional business of deposit-loan spreads has been greatly affected by the interest rate liberalization.In addition,with the further development of financial disintermediation and the prosperity of internet finance and competition from the external environment of non-bank financial institutions,various businesses While consolidating the deposit and loan business,banks actively participate in the innovation of intermediate businesses to ensure the healthy development of commercial banks.After the reform of interest rate liberalization,China's commercial banks have made great achievements in the innovation of intermediary services,but have also exposed some problems:insufficient development of intermediate business products and inadequate financial supervision of intermediate businesses.Based on this,this paper mainly analyzes the business risk and operating performance of joint-stock commercial banks' intermediary business under interest rate marketization,analyzes the intermediary business of joint-stock commercial banks in our country,and provides guidance ideas and policy suggestions for China's intermediary business innovation.The content structure of this article is composed of six parts:first is the introduction;followed by literature review and theoretical basis at home and abroad,and an overview of the innovation of intermediary business in China's commercial banks under interest rate liberalization,commercial intermediary business innovation,and interest rate liberalization;It analyzes the status quo and problems of the development of intermediate business of joint-stock commercial banks under interest rate liberalization;then it examines the operational risks of commercial banks',intermediary business under the interest rate liberalization,and empirically finds that the commercial innovation of commercial banks reduces their operational risks.The marketization of interest rates has increased the operational risks of commercial banks;the next is the study of the operating performance of commercial banks' intermediate businesses under interest rate liberalization,and through research hypotheses,statistical analysis using Stata software has been conducted,and eight publicly listed commercial banks have been listed for 10 years.As a source of research data,financial statements establish the panel data model to validate the research hypotheses and draw relevant conclusions.Finally,the research conclusions,policy recommendations,and future prospects.First,a prescriptive conclusion is given through analysis of the first five parts,and then from different angles The corresponding policy recommendations,and made future prospects.