The Research Of Asset-Liability Management Of Chinese Commercial Banks

Bank Asset-Liability Management (ALM) is a kind of all-directions management method. It is a harmonious Management carrying on to various operations of the bank, to attaining the certain target of the bank. The essential is programming, dominating and controlling various accounts in balance sheet, including various of assets, liabilities and the fund's level, movement and combination. The key variable in short-term is bank's net income, in long-term is the market value of bank stock rights. Since late 1990s, ALM has become mainstream method of banking management. China is in a stage of marketization and globalization in 21 century. In 2006, Shanghai Interbank Offered Rate(SHIBOR) has been estabilished. In the end of year 2006, China has fulfilled it's promise when join in WTO, the banking has opened overall to foreign commercial banks. With this background and because of the close relationship in ALM's theory and demonstration. ALM theory become a hot-point and leading area. The gains of Chinese commercial banks badly depending on deposit-loan margin before opening interest rate controlling and being more competitive. How to raising the nuclear competitive power of banks, to keeping away and resolving interest risk is very important to maintaining the steady financial system and shorting the distance between Chinese commercial banks and foreign commercial banks, from the aspect of ALM.The thesis reviewed the development of western commercial banks ALM theories and the history of Chinese commercial bank ALM; summarized the commercial bank's important role in society and economy and it's social responsibility and the meaning, principles of commercial bank ALM; Analyzed the Interest rate marketization(IRM) effect to assets and liabilities operations in Chinese commercial banks. The article combined with the reality of Chinese commercial bank ALM, pointing out that the outside conditions and inside environments still need to improving, then giving some valuable solutions.The thesis pointing out that creating right outside supervision environment and improving the system constructions inside of commercial bank ALM is useful and analying mainly on how to use the financial derivative securities trade market to improving Chinese commercial banks ALM.