一、资本市场的发展开辟了商业银行新的资金来源,提高了负债的流动水平。 资本市场的发展对商业银行的资金来源数量上具有双重影响,一方面它提高了全社会的储蓄水平,扩大了包括商业银行在内的整个金融体系的资金来源。 另一方面,资本市场的发展也改变了资金在各金融机构的分配格局,它在分流部分居民储蓄存款的同时,又增加了商业银行新的资金来源渠道,资本市场回流银行体系的资金成了商业银行新的重要资金来源。 证券发行市场上的股票申购资金、股本 First, the development of capital markets has opened up new sources of funds for commercial banks and raised the level of liquidity of liabilities. The development of the capital market has a dual impact on the amount of capital sources of commercial banks. On the one hand, it has raised the level of social savings and expanded the funding sources of the entire financial system, including commercial banks. On the other hand, the development of the capital market has also changed the distribution pattern of funds in various financial institutions. While diverting savings deposits of some residents, it has also increased the channels for new sources of funds for commercial banks. The funds returned to the banking system in capital markets have become Commercial Bank of new important source of funds. Shares on the securities issuance market purchase funds, share capital