Intermediary Business Studies Of National Small And Medium-sized Shareholding Commercial Banks In China

Iniermediary business is one of the three big pillars in commercial bank business. With the development of soeialistic market economy and the improvement of economic system, intermediary business will play a further important role to the survival and development of commercial bank in China. After China’s entry into WTO, intermediary business has been expanded rapidly in China by foreign commercial banks. And the intermediary business of our country’s commercial banks is still at the starting stage and has great disparities with the developed countries.This paper uses comparative analysis, qualitative and quantitative research methods, and lead to a comprehensive sufficient intermediary business study of national small and medium-sized shareholding commercial banks in China.First, through a large number of literature research, this paper discusses the theoretical basis of the intermediary business. Second, contrast the intermediary business development in and out of China, and point out the problem and difficults of intermediary business development in our country. Third, analyze the influential factors of national small and medium-sized shareholding commercial banks in China by qualitative and quantitative research methods. This paper selects ten small and medium-sized shareholding commercial banks and four large state-owned shareholding commercial banks by contrast. Based on the qualitative analysis of the influential factors, this paper uses multiple linear regression and panel data analysis to discuss the quantitative relationship between intermediary business and ecomomical variables in the macroscopic and microscopic aspects. Finally, according to the development characteristics of intermediary business of national small and medium-sized shareholding commercial banks in China, which is discussed above, this paper makes some policy proposals.Through empirical analysis, the result shows that:the development of intermediary business of commercial banks in China has close relationships with the macroeconomic and microeconomic variables. In the macroscopic level, the improvement of economic growth, the improvement of people’s living standard, the mature degree of financial markets, the improvement of interest rate formation mechanism and government monetary policy make the varying degree affects to development of intermediary business of different kind of commercial banks. Compared to large state-owned shareholding commercial bank, national small and medium-sized shareholding commercial bank is more flexible in business operation, and more sensitive to changes of financial market. The mature degree of financial markets will greatly promote the development of intermediary business. In the microscopic level, the foundation of the intermediary business’development in large state-owned shareholding commercial banks, in general, is weak. And the development of intermediary business of large state-owned shareholding commercial banks is less sensitive to microeconomical factors’changes, because of economic system and low degree of marketization in business operation. In contrast, national small and medium-sized shareholding commercial banks have greater abilities to innovate and more flexibility to operate, because of its equity system and the improvement of management. Therefore, the development of its intermediary business is more sensitive to microeconomic factors. With the increasing competition in domestic financial market competition and continuously increasing difficulty in the operation of traditional business, different kind of commercial banks pay more attention to the intermediary business. This will promote the development of intermediary business in our country. National small and medium-sized shareholding commercial bank should adopt corresponding countermeasures and keep advantage in this business. At the same time, promote the further development of the intermediary business.Based on the analysis and conclusion of empirical research, in order to promote the intermediary business in our country’s commercial banks, especially national small and medium-sized shareholding commercial banks, this paper put forward policy suggestions in macro-and microscopic level. Mainly includes: changing the mode of economic growth and promoting national economic development; deepening the reform of the distribution system and improving the people’s living standards; strengthening the construction of financial system and stimulating financial market vitality; perfecting legal laws and regulations system and regulating the market order; promoting the formation mechanism of interest rate and piloting the mixing management mode; improving the understanding about intermediary business and changing the traditional ideas; strengthening management of assets and improving risk awareness; improving innovation ability and making the differentiation strategy; investing more, increasing facilities construction and improving personnel trainning.