Financial Disintermediation Effect On Our Country Commercial Bank Profitability Research

Since the 18 th national congress,China's economic work has been successfully carried out under the guidance of new financial policies.Financial reform has been deepening and financial markets have further developed.However,under the new situation,there are still some problems,the most important is that the commercial Banks in China are under increasing pressure,and the profit space is narrower than before.The main reason is that although financial disintermediation occurred earlier,it did not show much negative in the early stage,so it did not attract enough attention.But in the wake of the global economic crisis in 2008,its rapid growth was unexpected and had a big negative impact on its banking business.However,the financial dismedia is not all negative for the Banks.Commercial Banks should be brave enough to accept the challenges of the new situation,make changes in due time,and take the initiative to be passive.On the one hand,the difference is the most important source of profits,bank deposit cheap deposits,relatively high interest rate loans,the Banks are the most basic wasn profit model,the development of the financial disintermediation,destroys the profit model of commercial Banks;On the other hand,commercial Banks can't hidebound,under the condition of financial disintermediation,courage to change,eliminate the outdated mode of operation,increase the income of intermediary business,create innovative financial products for consumers to choose,to make a new step on the profitability of the bank.Therefore,as a financial industry leading enterprises,commercial Banks should follow closely the development of the current economic situation,after the change into the tide of economic development,and should not be stuck in the past,stand still,or you will in the process of development.This article discusses the financial disintermediation influence to our country commercial bank profitability,first expounds the main ideas of domestic and foreign related literature,and then summing up the theoretical basis of this article,and then the system describes the financial disintermediation in our country the cause of the formation and characteristics of the show,and how does it affect bank profitability of concrete.Then use the empirical method,use econometric method to establish a vector autoregressive model and impulse response function,to test the financial disintermediation how to impact of commercial bank profitability,thus can increase the correctness of the theory test and credibility.Empirical test results confirm that it will bring positive results to bank development.Finally,according to the theoreticalanalysis and the results of the model test,some Suggestions are put forward.In general,financial disintermediation cannot be simply regarded as a scourge,hindering the development of the banking it more banking pain determined to implement the real transformation,it is a rare opportunity to improve profitability.The commercial bank of China should transform the traditional mode,accelerate the reform and innovation,realize the leap-forward development,and boost the banking industry's brilliance.