Research On The Business Transformation Of Chinese Commercial Bank Under The Background Of The Interest Rate Liberalization

As a central part of China’s financial reform, much attention has been paid to the advancement of interest rate liberalization. July20,2013, the people’s bank of China announced a full opening of financial institutions lending rate, marks China’s market-oriented interest rate reform an important step forward again. Interest rate liberalization can give full play to the critical role of the market in the allocation of resources, improve the efficiency of the operation of the financial system, forming a fair competition, promote the balanced development of the whole macro economy. However, interest rate liberalization reform is a complex and multifaceted process, for commercial Banks, this is a reform of both opportunities and challenges. International experience shows that interest rate liberalization provide commercial Banks more autonomy, also has contributed to a certain extent to the banking crisis at the same time,. For China, the current system of commercial Banks is still not mature, the system and mechanism both not perfect, it will be more vulnerable in the liberalization of interest rate. Therefore, how to accelerate business transformation under the background of interest rate liberalization in order to obtain long-term development will become the important problems in the study strategy of our country commercial bank, is also the practical significance of this paper.This paper briefly introduces the domestic and foreign scholars for the liberalization of interest rate and status and academic achievements in the research of the development of the commercial Banks, as the theoretical basis for later analysis. Secondly, the article analyzes the current business situation and existing problems of commercial Banks in our country, expounds the liberalization of interest rate to the effects of the business of Chinese commercial Banks, from inside and outside two aspects elaborated our country commercial bank has come to be badly in need of business transformation. Then, this article from the commercial Banks to cope with the liberalization of interest rate in the rest of the world experience and draw lessons from, draw some inspiration for our country commercial bank business transformation. Finally, according to the above analysis of contents, the article give some business transformation path selection and specific measures of our country commercial bank under the background of interest rate liberalization.The author believes that there are some unreasonable situation of our country commercial bank in business aspects such as: the income structure and customer structure, business structure, etc. On the looming interest rate liberalization, the current business status of our commercial Banks will suffer from stronger impact, on the other hand,it also provides a good opportunity for business transformation. The international experiences also show that the transformation of development way is the best way of dealing with the interest rate market reform of commercial Banks.Therefore, Chinese Banks transition path should be combined with foreign advanced experience while fully based on the reality of China’s banking system, mainly summarized as the following five aspect: adjust the income structure, optimize the customer structure, improve the business structure, expand the business channel, and the road of characteristic operation.