The Research On Finance Support Of City Commercial Banks For City Economic Development

The city commercial bank is born out of the city credit association,which is the specific product to solve the problems of the local financial risk.Since the establishment of the first city commercial bank in 1995,city commercial banks always adhere to the "service the local economy,small and medium-sized enterprises and the service of city residents",effectively supporting the local economic construction and development of small and medium-sized enterprises,has become an integral part of the financial strength of the local economic development.At the same time,along with the development of the local economy,the city commercial bank is also growing,by the end of 2017,there are a total of 133 city commercial banks,with a total assets of about 23 trillion.Although the city commercial bank assets accounted for only 11% of the entire banking industry,far less than large state-owned banks and large joint-stock commercial banks;although the number of city commercial banks is less,only 1/10 of the number of rural credit cooperatives,but in support of local economic development,the city commercial banks play an indispensable role in supporting the development of the local economy.Compared with large state-owned banks,their operation is more flexible;compared with the large joint-stock commercial banks,they are more innovative;compared with the rural credit cooperatives,they have a more perfect modern corporate governance system;compared with foreign banks,they are more familiar with the development of local economy.Many city commercial banks gradually embarked on a cross-regional business,Bank of Beijing,Bank of Nanjing and Bank of Ningbo became the first listing city commercial banks.With the Bank of Jiangsu and Bank of Hangzhou successfully listed,which means the initial public offerings of city commercial banks restart after 10 years.Many city commercial banks are actively preparing for listing.Cross-regional business and the initial public offerings of the commercial banks,whether they breach the original intention? At present,how much the city commercial banks impact on the local economic development? What the way that they support local economic development? This is the main content of this paper.Firstly,the paper expounds the present situation of the development of the city commercial bank in china.Then,according to the actual data,we analyzes the development process,governance current situation of the city commercial banks,it also analyzes the ways of city commercial banks to support local economic development.Based on the regional differences we select regional representative sample of city commercial banks,constructs an empirical model and prove that the city commercial bank deposit accounts for the proportion of GDP,tax contribution to local economic development has a significant positive effect,including city commercial loans to support the local economic development,the government shareholding rate have an adverse effect on city commercial banks to support the development of local economy.According to theoretical and empirical analysis suggest that city commercial banks should always adhere to the orientation of serving the local economic development,according to the regional economic structure features to create financial products and services;The government should gradually reduce the hold controlling interest and intervention;Last but not least,city commercial banks should establish positive interaction between the government,take the government strategy as an opportunity to strengthen cooperation,improve interests risk mechanism of “shared risks,benefits-sharing”.