Analysis Of The Impact Of The Development Of Intermediary Business On The Performance Of Listed Commercial Banks In My Country

China’s commercial banks have been the main source of the deposit and loan spreads,and the development level of the intermediate business is limited.Most of the non interest income is only a labor intensive type of business with insufficient innovation and low added value.At present,although the development has been developing,it is still at the initial stage of exploration.With the full opening of China’s financial industry to foreign banks in 2006,the foreign banks have been competing with the local commercial banks with their advanced and mature management system and diversified integrated financial services.At the same time,with the continuous development of the financial market in China,the phenomenon of direct financing is increasing,and the financial companies of large enterprise groups are rising rapidly,which are restricting the development of commercial banks.Therefore,the commercial banks from the financial disintermediation threat can not be ignored.Since the rise of Internet Finance in 2013,banks’ payment and marketing channels have been impacted,deposits and loans have been diverted,and customer stickiness has fallen.These factors have forced commercial banks to reexamine their own financial innovation ability and adjust their business development strategies.The open competition of interest rate marketization will lead to the increase of the cost of indirect financing.At the same time,the frequent fluctuation of interest rate will lead to the increase of the risk of the bank "loan long loan" and the decrease of the deposit and loan margin caused by the intensification of commercial banks’ competition and the decline of the overall profit level of the bank.All these challenges China’s commercial banks’ current profit spreads,such as low spreads,few intermediate businesses,low added value and weak innovation capability.The acceleration of interest rate liberalization has also become the main driving factor for China’s commercial banks to transform their profit models.The change of the financial environment inspires us that our commercial banks must transform their current profit models that are dominated by credit business.In this paper,the performance of commercial banks is measured by the economic value added,that is,EVA,and the EVA of 16 commercial banks from 2008 to 2016 is calculated respectively.In order to exclude the scale effect,this paper also takes the economic added value return rate as REVA as the explanatory variable,with the non interest income ratio as the explanatory variable,the loan deposit ratio,the capital adequacy.In order to study the influence of intermediary business development on the performance of the listed commercial banks,the rate,the reserve coverage rate of non-performing loans,the size of the total bank assets and the rate of operating expenses are the control variables.In this paper,we use the Eviews software in econometrics to do the empirical research on panel data regression model of the impact of non interest income on the performance of commercial banks.It is concluded that non interest income has a significant positive correlation with commercial banks in China.It is concluded that China’s commercial banks should actively develop intermediate businesses to improve their performance.Finally,this paper puts forward two suggestions on the ways of developing intermediary business in China’s commercial banks: strengthening internal control,expanding non interest income channels,emphasizing innovation and improving the research and development mechanism of financial products.