关于利率市场化对商业银行绩效影响的实证研究
An Empirical Study on the Impact of Interest Rate Marketization on the Performance of Commercial Banks

从1996年开始，中国开启了开放利率管制的进程。直至2015年下半年，中国人民银行采取一系列措施，对各个金融机构存贷款基准利率全面放开，这对中国利率市场化有着关键性的意义，标志着中国利率市场化改革已经基本完成。此举使中国的金融市场利率由市场资金供求决定，而且相对于以往来说波动更加剧烈。这给商业银行带来了巨大的挑战，但也在一定程度上推动了商业银行进一步加强结构性调整，转变发展战略和促使金融市场向更有序的方向发展。以此为背景，本文开展了关于利率市场化对于商业银行经营绩效影响的研究。文章首先对研究的背景及意义进行了分析，对国内外的相关研究进行了综述。其次针对相关概念及理论进行了分析，并以此为基础论述利率市场化的现状、商业银行经营绩效的影响面以及利率市场化对于商业银行经营绩效的具体影响内容。然后构建具体模型进行了计量分析。文章最后，从加强风险管理、增强自主定价能力、积极发展中间业务等方面提出了商业银行应对利率市场化的建议。
Since 1996, China began to deregulate interest rates. In the second half of 2015, the People’s Bank of China adopted a series of measures to fully liberalize the benchmark interest rates of deposits and loans of various financial institutions. This is of vital significance to the marketization of interest rates in China, marking that the marketization reform of interest rates in China has been basically completed. It has brought great challenges to commercial banks for making the interest rate in China’s financial market determined by the supply and demand of market. And the fluctuation has been more frequent and fierce. It has brought great challenges to commercial banks, but to a cer-tain extent, it has promoted commercial banks to further strengthen structural adjustment, change the development strategy and promote the development of financial market in a more orderly di-rection. Based on this background, this paper studies the impact of interest rate marketization on the business performance of commercial banks. Firstly, this paper analyzes the background and significance of the research, and summarizes the research at home and abroad. Secondly, the con-cept and theory are analyzed, on this basis, it discusses the current situation of interest rate mar-ketization, the impact of commercial banks’ operating performance and the specific impact of in-terest rate marketization on commercial banks’ operating performance. Then, the detailed analysis is carried out by using the specific model construction. At the end of the article, from the aspects of strengthening risk management, enhancing independent pricing capabilities and actively develop-ing intermediate business, it puts forward opinions and suggestions on commercial banks’ response to the marketization of interest rates.