外资银行与中国国有商业银行股份制改革（Foreign banks and shareholding system reform of Chinas state owned Commercial Banks）.docVIP

外资银行与中国国有商业银行股份制改革（Foreign banks and shareholding system reform of Chinas state owned Commercial Banks） Shareholding system reform of foreign banks and Chinas state-owned commercial banks 1 Tianguojiang Texas University of agriculture and technology, Tsinghua University Wang University of Minnesota, Tsinghua University Early April 2004 draft, revised version /2004 June The reform of the state-owned commercial banks China fundamental policy has been set, intends to adopt three step strategy: commercialization, shares and listing. Adhere to the state-owned shares under the dominant premise of commercial operation, through internal transformation to improve the effectiveness of state-owned commercial banks. The government took great measures to inject $45 billion foreign exchange reserves, China Construction Bank and Bank of China is to achieve the above three steps taken after the listing, expected through the change of capital structure to improve the existing four major state-owned bank corporate governance mechanism, improve the competitive ability of state-owned banks. Premier Wen Jiabao in NPC and CPPCC press conference said that: the reform is different is that we have established a clear goal, to make state-owned commercial banks take the road of the market, promote the reform of property rights system, promote the reform of corporate governance structure, the state-owned commercial banks into modern commercial banks. However, according to the reform ideas of the existing state-owned joint-stock enterprises, these objectives may not be achieved. The basic situation of state-owned banks can be described as high, low and poor: the proportion of non-performing assets is high, the rate of capital enrichment is low, the profitability is poor, and the corporate governance structure is backward. Before the injection, the four major state-owned commercial banks, for example, the serious loss of assets, non-performing loans in the loss of about 900 billion yuan, non cre