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1、商业银行中间业务发展的国际比较【外文翻译】 外文翻译原文Intermediate business of commercial banks and the development of intermediate business of commercial banks in China with a comprehensive international comparison Material Source: China & World EconomyAuthor: Claus Iris First, The middle of a commercial banking business de
2、velopment activity because of 1.1 An inevitable choice for commercial banks Intermediate business of commercial banks and the rapid development of the emergence of the underlying reasons are not only driven, but also the result of external factors. First of all, the international community to enter
3、the countries have relaxed controls, the liberalization of banking and international trends, including greatly to the middle of the business, including the pace of financial innovation; Second, market competition has also promoted the development of intermediary business, traditional business of com
4、mercial banks not only faced competition in the same industry, and along with the development of capital market countries, greatly increased the proportion of direct financing, the traditional commercial banks assets, liabilities, business increasingly showing a sunset industry the decline, therefor
5、e, commercial banks were forced to carry out new business innovation to create a new source of profits; again, the middle of business innovation is the result of market demand, due to frequent fluctuations in interest rates and exchange rates, enterprises and commercial banks in which the uncertaint
6、y of economic environment, increasing the risk of which the effective management tools, in particular, a number of financial derivatives had a demand for the development of the banking intermediary business that is risk management in order to satisfy customers, as well as other diversified financial
7、 services; Finally, the banks have their own advantages, as well as 20 practical information technology since the 80s the development and extensive use of commercial banks for the development of intermediary business possible. February 1987 at Northwestern University in the United States held a depo
8、sit-taking institutions on asset securitization and the risk of development of intermediary business seminar, a scholar on the development of commercial banks in the middle of a large number of business reasons for concluding, that is, commercial banks the development of intermediary business and te
9、chnology, control, interest rate risk, customer competition, factors such as capital adequacy ratio are closely related 1.2 The significance of the development of intermediary business A Can be extended into a commercial bank intermediary function, to expand their business scale B Commercial banks c
10、an spread business risks, and enhance the banks ability to resist risks C Can play a variety of business, bundling effect to enhance the competitiveness of the banks. Intermediate business of commercial banks between other business interaction and mutual influence, and the development of intermediar
11、y business for the banks not only bring direct profits, but also with other business, the second interaction of the market to enhance the competitiveness of banks Second, commercial banks in the development of intermediary business 2.1 The broader business scope, a wide variety Western countries of
12、the middle-run commercial banks and a wide variety of products to meet the diverse needs of customers, the commercial banks for the new business innovation. The scope of business covered by the middle of the traditional banking, trust services, investment banking, mutual funds and insurance business
13、. They can engage in money market operations, but also can engage in discounting commercial paper and capital markets business. 2.2 Gradually expand the business scale of rising income levels From 1993 to 1996 among the U.S. banking business grew from 912 billion U.S. dollars to 12.188 trillion U.S.
14、 dollars, accounting for bank assets from 78% to 142.9%, of which the seven largest banks in the middle of the business lending per cent more than doubled and more. Living in the forefront of the U.S. banking industry, Citigroup, the Americas, such as the middle of the five major banking groups invo
15、lved in the operational activities of the total assets of more than 2.2 trillion U.S. dollars has the same period, assets and liabilities that banks under the total assets of 780 billion U.S. dollars for the capital sum for the 45 billion U.S. dollars; intermediary business 3 years the average growt
16、h rate to 54.2%, much higher than the 9 percent average annual total assets and total capital at an average annual growth rate of 21.6 percent. 2.3 Middle-income structure of the business change Western commercial banks from 1980 to 1990 of 10 years, the total income of non-spread revenue rapid upward trend in both. The middle of foreign banks operating income generally accounts for 40% of total revenue -5
