中国银行业非利息收入风险特性研究

Risk Characteristics of Banks' Non-Interest Income in China

本文研究2005～2011年中国31家银行总的非利息收入、其中的手续费和佣金收入及投资收入的波动性、稳定效应和周期行为。结果显示,从整体上看,三个收入变量的稳定性均低于利息收入;非利息收入增加了除大型银行之外的其他细分类别银行营业收入的波动性,手续费和佣金收入减少了营业收入的稳定性,但投资收入增加了营业收入的稳定性;非利息收入对于城市商业银行是逆周期的,对于非上市银行是顺周期的,手续费和佣金收入对于全部31家银行和城市商业银行是逆周期的,其他情况下收入变量不受经济增长率波动的显著影响。

The article studies the volatility of non-interest income (including fee and commission income,investment in-come,and other income) and its effect on operation income stability based on data from 31 commercial banks in China between the years 2005-2011.The results show that,each type of the three non-interest income categories is more volatile than interest income.Non-interest income increases the volatility of operation revenue for all categories of banks other than large state-owned commercial banks.Fee and commission income decreases but investment income increases the stability of operation revenue.Non-interest income is anti-cyclical for city commercial banks and pro-cyclical for non-listed banks and fee and commission income is anti-cyclical for all 31 commercial banks.The three incomes categories are not influenced significantly by the fluctuations of economic growth rates.