Research On The Development Of Intermediary Business Of China's Listed Commercial Banks

With the further deepening of reform and opening to the outside world and the reform of the financial system,as well as by the influence of financial disintermediation phenomenon factors,commercial banks which rely on interest income solely have been unable to maintain the existing level of profitability.Reference to the successful experience of some foreign commercial banks,China's commercial banks must transform the mode of development.While developing the traditional business,implementing diversified intermediate business and increas ing intermediate business income in order to avoid operation risks which caused by the price competition of the market of interest rate,and create a new profit growth point of commercial banks.In such a reality and background,firstly,the existing research is review ed and summarized in this paper,and basic theory for the development of the intermediate business of Commercial Bank of our country is introduced.Then we take 16 listed commercial banks in our country as the research object and use the data of the intermediate business income according to the annual report compiled from 2010 to 2014 to conduct a comprehensive analysis.Specific study is developed from the total income of the intermediate business ? the proportion of the intermediate business income ? the intermediate business structure of state-owned and non-state-owned banks,and overview the development of the intermediate busine ss income for 5 years.This paper firstly proves there is a causal relationship between China's listed commercial banks intermediate business income and financial performance through the Granger causality test,and then select 5 years of data from 2010 to 2014 to establish the panel data of multiple linear regression model.The 16 listed commercial banks are divided into state-controlled listed banks and non-state-controlled listed banks.And six categories of business which include card business,settlement business,agency business,investment banks and consulting business,trust business,guarantee and commitment business are studied to determine which business has a significant influence on financial performance.At last,countermeasures and suggestions are given according to the reality of middle business development experience of our commercial bank and combining with the foreign commercial bank middle business development.The research results show that for the state-owned banks,the bank card business,settlement business,guarantees and promises business have significant influence on financial performance,while for the non-state owned holding bank,settlement business,investment banking and consulting business ha ve significant influence on financial performance.