Study On The Impact Of The Intermediary Business Income On Listed Banks' Operating Efficiency In China

The marketization of interest rate,the fierce market competition from private and foreign banks and the rapid development of internet finance make commercial bank's traditional assets and liabilities business suffer a lot.So the profit mode depending on the interest income must be changed,banks need to broaden the income channels to break homogeneity competition,so developing intermediary business has become the bank's business strategy.This paper classifies intermediary business by China's actual situation and introduces the DEA method firstly.Then the paper analyzes the present situation of the intermediary business from two aspects: the scale and the structure.Based on the situation analysis,this paper makes the empirical research: first measuring the bank's efficiency using the DEA method and using the bank's efficiency as the explained variable,then choosing the proportions of each intermediary business income in bank's operating income as the explaining variables and choosing the assets and the operating expense ratio as the controlling variables,based on the DEA-Tobit model,carrying out the multiple regression analysis on the panel data.The conclusions are as follows: on the whole,consulting,bank card and clearing and settlement businesses have a significant influence on the bank's efficiency,escrow agent,agent entrusted and guarantee commitments businesses are not significant;for the large banks,bank card and guarantee commitments businesses have a significant influence,clearing and settlement,consulting,escrow agent and agent entrusted businesses are not significant;for the medium and small sized banks,consulting,bank card and escrow agent businesses have a significant influence,guarantee commitments,agent entrusted and clearing and settlement businesses are not significant.So this paper gives several suggestions.At macro level: gradually improving the related laws and regulations of the intermediary business;gradually changing the operation mode of the commercial banks.At micro level: improving statistical analysis to screen appropriate intermediary business for banks;making intermediary business development strategy according to the bank's location;strengthening financial innovation to optimize the structure of the intermediary business income;using "Internet +" trend to improve the marketing channels of the intermediary business;strengthening bank's talent pool and attaching importance to the bank's training culture.