Research On The Influencing Factors And Management Strategies Of The Comprehensive Level Of Liquidity Of Listed Rural Commercial Banks

Rural commercial banks are one of the important types of financial institutions in rural areas in China.Liquidity risk has always been an important part of various types of risks in commercial banks.This is more prominent in small and medium-sized corporate banks such as rural commercial banks.On the one hand,from the oil crisis of the 1970 s to the outbreak of the global financial crisis in 2008,the international community re-examined the liquidity risk of the banking industry.The Basel Committee immediately issued the Basel III: International Framework for Liquidity Risk Measurement,Standards and Monitoring give more emphasis to the measurement of capital at all levels of banks.On the other hand,at the current stage,China's rural commercial banks still mainly use short-term savings needs on the debt side to match credit financing needs on the medium and long-term asset side.With the gradual maturity of the interbank market and the advent of the Internet finance era,these newly restructured banks also want a share of high-yield business,it will has a huge impact on the original asset and liability structure of rural commercial banks.At the same time,with the launch of the listing of rural commercial banks in 2016,as of the end of 2019,nine rural commercial banks have been listed on the A-share market in China,and there are more than 10 in the listing queue.The listing of the Rural Commercial Bank has greatly changed its financing availability,shareholder income expectations,and operating risk appetite.Due to the low availability of the data before IPO of rural commercial banks and historical research literature,this article first traces back to the previous qualitative analysis of factors affecting rural commercial banks' liquidity,measures the comprehensive level of liquidity of other banks,and analyzes the factors referenced in this research.The similar literatures of DAG graph theory method and SVAR method are sorted and summarized.Based on this,this paper uses the factor analysis method to build a basic model.Through variable screening and descriptive statistics,it shows the overall changes of the corresponding indicators of the nine rural commercial banks;through the factor covariance matrix,KMO and Bartlett test,total variance decomposition,Scree Test and other methods extract the main factors to achieve the purpose of dimensionality reduction;through matrix rotation,the relationship between the extracted factor components and the initial variables is made clearer,and the capital adequacy level,asset-liability structure and profitability are important factors in the level of liquidity of rural commercial banks;finally,by calculating the component coefficient matrix,factor score and comprehensive evaluation,the differences of liquidity factors among 9 rural commercial banks,rural commercial banks in large banks,city commercial banks,and joint-stock banks were compared.The overall liquidity levels of 36 A-share listed banks are sorted and compared,and it is concluded that the liquidity resistance between rural commercial banks is very different,and no unified operating style has been formed,but it is But second only to large banks in overall capital adequacy factor scores,and the comprehensive level of liquidity is improving year by year.Furthermore,in order to study the relationship between the impact factors of rural commercial banks' liquidity,the relationship between immediate and lag,this paper builds an AB-type SVAR model,through the causality test of the DAG combined with financial economic theories,the coefficients of the matrices A and B are limited,and an estimation model is obtained.In the end,the model is impulse response and variance decomposition.Through empirical analysis,rural commercial banks are still mainly performance-driven rather than risk prevention and control-driven;"profitability-capital adequacy level-asset-liability structure-liquidity comprehensive level" is the path that can most affect liquidity level;The return on net assets has a greater impact on other factors,but in the long run it is still constrained by the comprehensive level of liquidity.Based on the above analysis conclusions,combined with the current problems in the liquidity management of rural commercial banks,this article discusses the feasible monitoring methods,management strategies and early warning processes in rural commercial banks' liquidity management.Finally,this article summarizes the above conclusions,and puts forward specific opinions and suggestions on the liquidity management of rural commercial banks.