Research On Liquidity Risk Level And Influencing Factors Of China's Listed City Commercial Banks

Under the background of the implementation of the “Belt and Road” initiative and the new economic normal,the marketization of interest rates continued to advance,and a number of new regulations were introduced.The regulatory requirements for strict supervision and de-leverage increased the pressure on commercial banks.Compared with large commercial banks and joint-stock commercial banks with strong assets and rich management experience,city commercial banks are weaker in their ability to resist risks.Especially in recent years,the outbreak of the "money shortage" incident,the frequent occurrence of many public opinion incidents in city commercial banks,has made the liquidity risk management of city commercial banks the focus of attention.According to the requirements of liquidity risk supervision,this paper analyzes the current situation of the development of assets and liabilities of various commercial banks in China from the overall level.From the sample level,taking 10 city commercial banks listed on China's Shanghai and Shenzhen stock markets as a sample,analyze the changes in asset and liability structure and maturity period,liquidity gap and major financial indicators from 2011 to 2018.The study found that China's listed city commercial banks have problems such as increased asset-liability maturity and structural mismatch,continuous expansion of liquidity gap,lower asset quality,increased dependence on inter-bank liabilities,weakened risk resilience and reduced spreads.Therefore,this paper selects the financial indicators such as reserve,asset and liability structure,asset quality,risk resistance,profit level and capital structure to construct an indicator system for measuring liquidity risk level,using factor analysis to comprehensively measure the liquiditylevel of listed city commercial banks from 2011 to 2018,and analyzes three liquidity impact factors: asset-liability structure,capital structure and asset quality.This paper uses panel data analysis method to empirically study the factors affecting its liquidity risk,and analyzes that internal factors such as inter-bank integration ratio,overdue loan ratio and cost-to-income ratio have a negative impact on liquidity level.The external factor of GDP in the provinces and cities has a positive impact on the level of liquidity.In order to improve the development status of listed city commercial banks,this paper proposes liquidity risk management recommendations and improvement measures for government departments,regulatory authorities and city commercial banks on the basis of empirical analysis.