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如果能够推动商业银行理财业务转型,让商业银行积极融入到直接融资体系和资本市场当中,将有利于中国金融体系由间接融资为主向间接融资与直接融资并重转化,有利于中国经济的杠杆率降低和经济结构调整。银行业目前所面临的变化是结构性的改变,而非周期性的变化。这种改变不仅来自于中国金融市场自身已经开始并不断加快的金融脱媒、利率市场化、资本管制加强等进程,不仅来自于互联网与数字时代发展带来的技术脱媒与新金融业态的挑战,更来自于经济结构变化带来的社会阶层变动与居民生活方式的变化。因此,银行业必须对自身的运行模式进行深刻变革。
If we can promote the transformation of wealth management business of commercial banks and enable commercial banks to actively integrate them into the direct financing system and capital market, it will be beneficial for China’s financial system to shift from indirect financing to indirect financing and indirect financing, which will be beneficial to the leverage of China’s economy Reduce and economic restructuring. The changes the banking industry is currently facing are structural changes, but not cyclical changes. This change comes not only from the financial distress, interest rate liberalization and capital controls that China’s financial markets have started to speed up, but also come not only from the challenges of technological disintermediation and new financial formats brought by the development of the Internet and digital age , But also from changes in the social class brought about by economic structural changes and changes in the lifestyle of residents. Therefore, the banking industry must make profound changes in its own mode of operation.