商业银行中间业务发展的国际比较外文中英文翻译.docx

外文原文：Intermediate business of commercial banks and the development of intermediate business of commercial banks in china with a comprehensive international?Auther : Clus IrisFirst，The middle of a commercial banking business development of activity because of1.1?An?inevitable?choice?for?commercial?banks???Intermediate?business?of?commercial?banks?and?the?rapid?development?of?the?emergence?of?the?underlying?reasons?are?not?only?driven,?but?also?the?result?of?external?factors.?First?of?all,?the?international?community?to?enter?the?countries?have?relaxed?controls,?the?liberalization?of?banking?and?international?trends,?including?greatly?to?the?middle?of?the?business,?including?the?pace?of?financial?innovation;?Second,?market?competition?has?also?promoted?the?development?of?intermediary?business,?traditional?business?of?commercial?banks?not?only?faced?competition?in?the?same?industry,?and?along?with?the?development?of?capital?market?countries,?greatly?increased?the?proportion?of?direct?financing,?the?traditional?commercial?banks?assets,?liabilities,?business?increasingly?showing?a?sunset?industry?the?decline,?therefore,?commercial?banks?were?forced?to?carry?out?new?business?innovation?to?create?a?new?source?of?profits;?again,?the?middle?of?business?innovation?is?the?result?of?market?demand,?due?to?frequent?fluctuations?in?interest?rates?and?exchange?rates,?enterprises?and?commercial?banks?in?which?the?uncertainty?of?economic?environment,?increasing?the?risk?of?which?the?effective?management?tools,?in?particular,?a?number?of?financial?derivatives?had?a?demand?for?the?development?of?the?banking?intermediary?business?that?is?risk?management?in?order?to?satisfy?customers,?as?well?as?other?diversified?financial?services;?Finally,?the?banks?have?their?own?advantages,?as?well?as?20?practical?information?technology?since?the?80s?the?development?and?extensive?use?of?commercial?banks?for?the?development?of?intermediary?business?possible.?February?1987?at?Northwestern?University?