Study Of China's Commercial Banks, Development Of Intermediary Business Path

Commercial banks' intermediary business is a old and developing business. From the initial exchange and keeper to now, the intension of commercial banks' intermediary business has changed giganticly. Commercial banks' intermediary business has become one of commercial banks' mainstays. From the systematic factor for the development of commercial banks' intermediary business, this paper aim to study the way to develop commercial banks' intermediary business.First, in connection with international financial system's revolution, the history of commercial banks' intermediary business is analyzed, from which can we know that the principle of business seperation has negetive effect on the development of commercial banks' intermediary business. Just the loosen of the principle of business seperation that gives more chance to the development of intermediary business of commercial banks.Commercial banks' intermediary business reflects the level of commercial banks' management So, the economy of scope gives an evidence for commercial banks' intermediary business' development. After analysis, the result comes out: Because the Four Big is strong in its scope of economy, they have tremendous space for intermediary business. The capability comes from their big sales network and other factors. While the other smaller banks, for the lack of sales network and capital, etc, have little space for intermediary business. So, different measures should be applied to the two kinds banks respectively.The principle of business seperation in China restricts Chinese commercial banks' intermediary business systematically. It gives a curb on the innovation of commercial banks' intermediary business. So, banks' profit is contracted. That enlarged the difference between Chinese banks and foreign banks. To improve competence, commercial banks strike to more new intermediary business. Huge demand for intermediary business has pushed intermediary business to develop more fastly, and at the same time, requires some change in existing principle of business seperation. In a word, the development of intermediary business should aim to compound instrument which at the intersection of commercial banks and other financial market business. On the base of that, the way to universal bank can be bridged.