A Study On The Transition Strategy Of Chinese Commercial Bank Under The Background Of Financial Disintermediation

Financial disintermediation appeared in our country in the 1990 s,and now it have shown a clear trend.However,use the financial crisis in 2008 for the sector,the development form of financial disintermediation before and after the crisis showing off a huge difference.Prior to 2008,financial disintermediation gradually emerging signs and the degree of disintermediation is highly correlated with changes in the stock market.After 2008,China's financial disintermediation trend evident but commercial banks pay great attention to the development of off-balance-sheet business and combine together with other financial institutions to anti disintermediation,and consequence a shadow bank system has been formed.In addition,the rapid rise of Internet banking,but also caused some impact on for China's commercial banks.Financial disintermediation changed the business environment of commercial banks,raised new challenges for the operation and risk management of commercial banks,put forward higher requirements for regulatory authorities.This paper take Industrial Bank as the research object,ues comparative analysis? qualitative analysis and empirical analysis method to study transition strategy of commercial banks in the Financial Disintermediation Era.According to the analysis and empirical results,put forward suggestions for commercial banks and regulatory authorities in order to promote the healthy development of commercial banks to improve their profit and healthy development of the financial system.The main contents are as follows: First,the paper analyzes financial disintermediation's concrete expression in our country and its impact on China's commercial banks in four areas of assets,liabilities,profits and risk.Secondly,analyzes what stragety the Industrial Bank take to deal with the financial disintermediation and the results it achieve.Again,establish VAR model to test effectiveness of the transformation strategy adopted by the Industrial Bank.Finally,on the basis of empirical rseults,put forward effective proposes for commercial banks and supervisory authorities.The conclusions are that the main development form of China's financial disintermediation after 2008 is the shadow banking business,which help commercial banks to improve capital efficiency,but also have a negative impact on the structure of assets and liabilities of commercial banks.It depraved commercial banks' maturity mismatch,increase bank's liquidity risk,systemic risk.Therefore,commercial banks should be stable operation,strengthen their risk control ability.Regulatory authorities should strengthen cooperation and pay attention to macro-prudential supervision,speeding up the reform of the financial system to prevent financial market form systemic crisis.