Research On The Ways To Improve The Operating Efficiency Of Commercial Banks From The Perspective Of Financial Disintermediation

Since the beginning of China's financial system reform,China's financial system has been constantly developing and improving.Especially in recent years,with the gradual rise of new financial technology,the proportion of direct financing in social financing has been increasing,and the role of traditional financial intermediaries of commercial banks has become increasingly weak.Financial disintermediation has a great impact on commercial banks in terms of external supervision,asset business,liability business and intermediary business.The traditional extensive growth mode of commercial banks,which supports the growth of profit scale with the expansion of deposit and loan scale,will be unsustainable.In order to effectively cope with the change of internal and external business development environment brought by financial disintermediation,commercial banks need to adjust their key business and supporting measures from the overall business thinking in order to improve their operating profitability.This paper mainly uses literature research method,empirical analysis method and comparative induction method,according to the idea of "literature sorting-Theoretical Research-Empirical Analysis-countermeasures and suggestions".By combing the previous research results,this paper makes a quantitative analysis of the impact of financial disintermediation on commercial banks and its development status.Empirical research uses data envelopment analysis(DEA)method to calculate the comprehensive operation efficiency of 16 representative commercial banks in China.Through regression analysis,this paper explores whether there is a correlation between the comprehensive operating efficiency of commercial banks and the degree of financial disintermediation.Finally,on the basis of the analysis results,this paper puts forward some suggestions for improving the operational efficiency of China's commercial banks.The main conclusions of this paper are as follows:(1)Deepening financial reform is the direct cause of financial disintermediation in China.Financial disintermediation will not only lead to deterioration of the external business environment of commercial banks,but also force commercial banks to accelerate financial innovation attempts and effectively promote the upgrading of risk management of commercial banks;(2)Financial disintermediation has a positive role in promoting the operational efficiency of commercial banks.In addition,the efficiency of comprehensive operation of banks is negatively correlated with CPI and the number of employees of enterprises,and positively correlated with the total pre-tax profit;(3)In order to improve the efficiency of comprehensive operation and actively respond to financial disintermediation,commercial banks should take diversification as the orientation,adjust the income structure;promote the development of intermediary business;and promote the transformation of new retail business.