国内信贷市场变化与贷款替代研究

信贷市场在融资体系中的优势地位正在发生变化，资本市场的形成和各种融资方式的发展，对商业银行等金融机构的贷款逐步形成替代，使原来在我国居于独占地位的信贷市场在社会融资中的地位逐步下降，从而影响到商业银行的发展和生存竞争。商业银行不能再固守传统业务市场，必须实施战略转型，在继续开拓创新信贷市场业务的同时，努力开拓包括直接融资业务在内的非信贷业务，提高综合服务功能。中国工商银行应根据建设综合金融服务机构的要求，调整组织架构和业务流程，调整创新机制，建设有凝聚力和竞争力的人才队伍。

A Research on Change in Domestic Credit Market and Loan Substitution

Under present financing system, the advantageous position enjoyed-by credit market is rocked. Loans from financial institutions like commercial banks are gradually replaced by capital market in the making and other financing modes. Consequently. credit market that used to prevail in China as a social financing channel begins to lose ground, which threatens the development and survival of commercial banks. Under the circumstances, commercial banks should not confine themselves to their traditional business market and should go in for strategic transformation instead. While continuing to open new credit market, they should work hard to offer non-credit business including direct financing to improve their comprehensive service capabilities. To provide comprehensive financial service, ICBC should restructure its organization framework and business procedure, redesign its innovation mechanism and cultivate a highly cohesive and competitive contingent.