The Research About Financial Disintermediation Impact On China’s Commercial Bank Management

With the process of economic and financial system reform and the capital market development. The phenomenon of financial disintermediation is becoming apparent with a lot of fund bypassing commercial banks and other intermediaries, the traditional media function of commercial banks is weakened and the financing function of capital market is increasingly improved. This conditions makes the business environment of commercial bank go through great changes, it also has cause great challenge impact on the traditional business model of commercial bank. Then, what about the current finance disintermediation trend? What are the causes of finance disintermediation? How dose financial disintermediation impact on the business model of commercial Banks? How dose commercial bank adopt strategies to cope with the impact of the financial disintermediation and seize this opportunity, complete the transformation of business model and the improvement of the financial system? All this issues which the theoretical and practical circles should focus on.On the basis of integrating and summarizing the predecessors’ research, this paper focus on exploring how the financial disintermediation impact on the business model of commercial bank, this paper mainly from the following several aspects to research: Firstly, based on the theory of financial intermediary and re-intermediation theory, this paper comprehensively describes the generated motivation of the financial disintermediation and analyzes the finance disintermediation mechanism, which establish the theoretical foundation for the whole article. Secondly, this paper try to build the financial intermediation index to measure the China’s financial disintermediation trend, through the analysis of this trend, we can come to the conclusion that the China’s financial disintermediation at present stage has formed, it shows the characteristics of imbalance and fluctuate. In the long term, the financial disintermediation can be deepened. On this basis, this paper from the development of capital markets, financial opening and financial regulation and national economic policy and the impact of Internet finance to explain the cause of China’s financial disintermediation, so that we can understand the finance disintermediation more clearly. Thirdly, the author through the business structure, the customer structure and the income structure to analysis of the financial disintermediation influence on the business model of commercial bank. using the VAR model respectively to analyzes the deposits and loans business of commercial bank, empirically analyzes financial disintermediation impact on traditional business model which is priority to the deposits and loans business, With the result, we can know that the number of stocks and bonds and the number of deposits and loans business is on the opposite. Finally, based on the above analysis, combined with the practical situation of our country, from the perspectives of view of financial function to promote the business model of commercial bank reasonably transform. In short, with the increasingly fierce market environment, commercial banks should adjust management pattern duly to adapt to the ever-changing market, which is a security measure to commercial banks to conduct business and play an important role in its development rapidly.