2017年是实施“十三五”规划的重要一年,是供给侧结构性改革的深化之年。“降成本”是中央深入推进的五大任务之一,中央银行要继续在引导金融机构降低企业融资成本方面发挥积极作用。由于商业银行追求资金安全下的利润最大化,对企业放贷的选择客观上具有一定偏好,因此,货币政策的传导过程存在一定阻滞因素。因此,从商业银行行为的角度厘清货币政策调控与企业融资成本之间的关系,对降低企 2017 is an important year for the implementation of the 13th Five-Year Plan, and is a year of deepening structural reforms on the supply side. “Cost reduction” is one of the five tasks that the central government has advanced in depth. The central bank must continue to play an active role in guiding financial institutions to reduce corporate financing costs. Since commercial banks pursue the maximization of profits under capital security, they have a certain preference for corporate lending. Therefore, there are certain blocking factors in the process of monetary policy transmission. Therefore, to clarify the relationship between monetary policy control and corporate financing costs from the perspective of commercial bank behavior,