中国商业银行中间业务与发展的国际比较外文翻译.docx

中国商业银行中间业务与发展的国际比较外文翻译.docx

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中国商业银行中间业务与发展的国际比较外文翻译

外文翻译

原文

IntermediatebusinessofcommercialbanksandthedevelopmentofintermediatebusinessofcommercialbanksinChinawithacomprehensiveinternationalcomparison

MaterialSource:

ChinaDaily.（NorthAmericanEd.）NewYork,N.Y

Author:

TobiasAdrian

First,Themiddleofacommercialbankingbusinessdevelopmentactivitybecauseof

1.1Aninevitablechoiceforcommercialbanks

Intermediatebusinessofcommercialbanksandtherapiddevelopmentoftheemergenceoftheunderlyingreasonsarenotonlydriven,butalsotheresultofexternalfactors.Firstofall,theinternationalcommunitytoenterthecountrieshaverelaxedcontrols,theliberalizationofbankingandinternationaltrends,includinggreatlytothemiddleofthebusiness,includingthepaceoffinancialinnovation;Second,marketcompetitionhasalsopromotedthedevelopmentofintermediarybusiness,traditionalbusinessofcommercialbanksnotonlyfacedcompetitioninthesameindustry,andalongwiththedevelopmentofcapitalmarketcountries,greatlyincreasedtheproportionofdirectfinancing,thetraditionalcommercialbanksassets,liabilities,businessincreasinglyshowinga"sunsetindustry"thedecline,therefore,commercialbankswereforcedtocarryoutnewbusinessinnovationtocreateanewsourceofprofits;again,themiddleofbusinessinnovationistheresultofmarketdemand,duetofrequentfluctuationsininterestratesandexchangerates,enterprisesandcommercialbanksinwhichtheuncertaintyofeconomicenvironment,increasingtheriskofwhichtheeffectivemanagementtools,inparticular,anumberoffinancialderivativeshadademandforthedevelopmentofthebankingintermediarybusinessthatisriskmanagementinordertosatisfycustomers,aswellasotherdiversifiedfinancialservices;Finally,thebankshavetheirownadvantages,aswellas20practicalinformationtechnologysincethe80'sthedevelopmentandextensiveuseofcommercialbanksforthedevelopmentofintermediarybusinesspossible.February1987atNorthwesternUniversityintheUnitedStatesheldadeposit-takinginstitutionsonassetsecuritizationandtheriskofdevelopmentofintermediarybusinessseminar,ascholaronthedevelopmentofcommercialbanksinthemiddleofalargenumberofbusinessreasonsforconcluding,thatis,commercialbanksthedevelopmentofintermediarybusinessandtechnology,control,interestraterisk,customercompetition,factorssuchascapitaladequacyratioarecloselyrelated.

1.2Thesignificanceofthedevelopmentofintermediarybusiness

（A）Canbeextendedintoacommercialbankintermediaryfunction,toexpandtheirbusinessscale.

（B）Commercialbankscanspreadbusinessrisks,andenhancethebank'sabilitytoresistrisks.

（C）Canplayavarietyofbusiness,"bundling"effecttoenhancethecompetitivenessofthebanks.Intermediatebusinessofcommercialbanksbetweenotherbusinessinteractionandmutualinfluence,andthedevelopmentofintermediarybusinessforthebanksnotonlybringdirectprofits,butalsowithotherbusiness,thesecondinteractionofthemarkettoenhancethecompetitivenessofbanks.

Second,commercialbanksinthedevelopmentofintermediarybusiness

2.1Thebroaderbusinessscope,awidevariety.

Westerncountriesofthemiddle-runcommercialbanksandawidevarietyofproductstomeetthediverseneedsofcustomers,thecommercialbanksforthenewbusinessinnovation.Thescopeofbusinesscoveredbythemiddleofthetraditionalbanking,trustservices,investmentbanking,mutualfundsandinsurancebusiness.Theycanengageinmoneymarketoperations,butalsocanengageindiscountingcommercialpaperandcapitalmarketsbusiness.

2.2Graduallyexpandthebusinessscaleofrisingincomelevels.

From1993to1996amongtheU.S.bankingbusinessgrewfrom912billionU.S.dollarsto12.188trillionU.S.dollars,accountingforbankassetsfrom78%to142.9%,ofwhichthesevenlargestbanksinthemiddleofthebusinesslendingpercentmorethandoubledandmore.LivingintheforefrontoftheU.S.bankingindustry,Citigroup,theAmericas,suchasthemiddleofthefivemajorbankinggroupsinvolvedintheoperationalactivitiesofthetotalassetsofmorethan2.2trillionU.S.dollarshasthesameperiod,assetsandliabilitiesthatbanksunderthetotalassetsof780billionU.S.dollarsforthecapitalsumforthe45billionU.S.dollars;intermediarybusiness3yearstheaveragegrowthrateto54.2%,muchhigherthanthe9percentaverageannualtotalassetsandtotalcapitalatanaverageannualgrowthrateof21.6percent.

2.3Middle-incomestructureofthebusinesschange.

Westerncommercialbanksfrom1980to1990of10years,thetotalincomeofnon-spreadrevenuerapidupwardtrendinboth.Themiddleofforeignbanksoperatingincomegenerallyaccountsfor40%oftotalrevenue-50%.Acc