The Influence Of Interest Rate Marketization Of Our Country State-owned Commercial Banks

This paper mainly investigate and analyze the impacts of interest rate reform to our state-owned commercial banks. On the one hand, the interest rate market-oriented reform of China’s state-owned commercial banks is in favor of financial innovation, optimize the customer structure, as well as the establishment of funds pricing system; but on the other hand, interest rate marketization reform of China’s state-owned banks makes the old profit model, which relies on deposit and loan spreads no longer proper, and also, highlights the Chinese state-owned commercial bank interest rate risk, volatility of liabilities increased.This paper focuses on the future impact of interest rate market-oriented reform of interest rate risk on our state-owned commercial banks. To analyze the influence of interest rate risk on our state-owned commercial banks, the paper obtained the data by sorting the annual financial report of the four state-owned commercial banks, and using Stata software to do empirical analysis found that short-term debt of state-owned commercial banks is far greater than the short-term assets in corresponding periods, and short-term interest rate sensitivity gap is relatively large, long-term assets and liabilities match is not balanced, in addition, it is also found that the People’s Bank of China’s benchmark interest rate has very large influences on the actual spread of China’s four state-owned commercial banks, and thus directly affect the profitability of state-owned commercial banks.These two phenomena indicate the undesirable interest rate management level of our four state-owned commercial banks, which might bring great interest rate risk. In order to cope with the adverse effects of interest rate market-oriented reform of state-owned commercial banks, the paper proposes countermeasures to Chinese state-owned commercial banks, mainly from three aspects: the state-owned commercial bank risk management system reform, develop intermediate business and and improve the pricing system of state-owned commercial banks. This paper argues that to operate the state-owned commercial banks risk management system reform, we must first establish a scientific and rational risk management system and risk management system, then improve the existing in-balance sheet and off-balance sheet risk management mechanism, through the use of financial derivatives to help manage interest rate risk. Another significant point is that interest rate risk management personnel should be paid attention to train.When we discusses how to develop business in the intermediate business of China’s state-owned commercial banks, it is been raised that the concept of the past need to be changed, we should pay attention to the intermediate business. This point is illustrated in four aspects: the collection and payment services, investment banking, international banking and electronic banking services.