金融“脱媒”现象下的商业银行经营策略

本文通过分析美国的实际情况发现，随着资本市场的发展及多样化投资工具的日益普遍，商业银行的经营业绩并没有因为传统业务被挤占而一蹶不振，反而开创出了新的盈利空间。与资本市场形成了一种良性互动的发展态势。共同促进整个经济体系的持续增长。这全归功于美国商业银行的法人治理结构、业务运行模式及利润来源发生了根本性的转变。因而，对于处于变革中的中国商业银行而言。面临金融”脱媒”的影响。应该改革现有的产权制度，成立金融控股公司，转变业务运行模式及增加非利息收入来源。

The Management Strategy of Commercial Bank under the Background of Financial Disintermediation

In China, indirect financing always holds the controlling status, and the bank deposit is the basic channel of inhabitant's investment. With the development of capital market and the diversification of tools of investment, the deposit divergence speeds up unceasingly, and the monopoly statuses of China commercial bank have been influenced to a great degree. However, with empirical study of US, we can find that the commercial banks' management achievement still increases by founding the new profit space and these commercial banks have formed one benign interaction development situation with the capital market. These all can attribute to the reformation of governance structure, the changing of management model and profit origin. Thus, as to China's commercial bank, with the influence of financial disintermediation, we should reform the existing property relations, set up financial holding company, change the management pattern and increase the non-interest source of income.