A Study On The Influence Of Financial Disintermediation On Deposit And Loan Business Of Commercial Banks In China

Since the 1990s, along with the development of China's capital market, financing disintermediation phenomenon emerged. Financial, disintermediation had caused a huge impact on the commercial banks in China, weakened the role of commercial banks in China's financial system, gradually expand the difference between deposits and loans, deposit trended to short-term, loans trended to long-term and expand the business risk. At the same time, China's market-oriented interest rate reform and the internationalization of the RMB are gradually advancing, this will accelerate the development of financing problems in China, and the impact on commercial banks will also be increasing. Therefore, study the impact of financial disintermediation on deposit and loan business of commercial banks in China, and to provide reference for commercial bank's business transformation, is a urgently problem to be solved.First, this paper introduces the related theory of the theory of financial intermediation and financial disintermediation. Based on it, I comparative analysis of the development status of American, Britain, Japan and China's financial disintermediation, and using related data describe the effect of Finance disintermediation on deposit and loan business of Commercial Bank of our country; then, choose the amount of commercial bank deposits increased, increasing the amount of loans, trust deposits, trust loans, GDP, the amount of equity financing, bond issuance and other indicators of data, by constructing a VAR model, respectively, from the deposit-taking business and lending empirical analysis of the impact of both the disintermediation of financing to commercial banks; finally, based on the results of theoretical analysis and empirical analysis, proposed accordingly strategies from the deposits and loans of commercial banks respectively.The empirical results show that:the financial disintermediation indeed had a significant impact on the deposit business of China's commercial banks and loan business, and the impact on loan business is greater than the impact on deposit business. But overall, China's financial disintermediation is still in the primary stage, the impact on commercial banks is still relatively small, commercial banks are still in an important position in the financial system. Based on this, the paper thinks that, commercial banks should segment customers, accelerate the innovation of financial products, expand financing channels, focusing on cooperation with non-bank financial institutions; on loan business, commercial banks should extend loans lending institutions, improve lending institutions, develop retail customers and SME customers and develop green credit. The research of this thesis will be helpful to the commercial banks in the face of the impact of financial disintermediation, better manage deposit and loan business, to achieve sustainable development of commercial banks.