中国国有银行不良资产状况起源与整治的方案.pptVIP

* CCB is leading the charge to reduce NPLs. At the end of 2003, CCB had distressed loans of about RMB 193 billion or just 9.12% of its total loans . BOC was second with total bad loans of RMB 352 billion or about 17%. While the remaining two banks were laden with over RMB 700 billion each, ICBC will find it easier to dispose of its assets since its lending is more diversified (by asset type) compared to ABC, which has substantial monies tied up in rural properties where supply and demand are disproportionate. NPLs of Chinese State-owned Banks:Current Status, Origins and Disposal Methods M. Chen, C. Jia and X. Xu Guanghua School of Management Peking University * Overview of China’s Banking Sector Brief history Before 1979: PBC 1979-84: Establishment of four SOCBs 1986- : Establishment of joint-stock banks 2001- : City Commercial Banks Market share by assets (Q3, 2004) SCOBs: 54.1% Joint-stock banks: 14.6% * NPLs of Four SOCBs * NPLs of Four SOCBs * NPLs of Four SOCBs * Origins of NPLs Policy loans SOEs versus private sector High level of debt of Chinese companies Interest rate control Low base rate; lower than USA, India and Korea Low spread between the deposit and lending rates Laeven and Majnoni (2003): in 2000, China: 3.6% and average of 106 countries: 6.67% Poor management and moral hazard * Year Stock issue Loan growth Stock issue/ Loan growth 1993 314.54 6335.40???? 4.96 1994 138.05 7216.62???? 1.91 1995 118.86 9339.82???? 1.27 1996 341.52 10683.33 3.20 1997 933.82 10712.47 8.72 1998 803.57 11490.94 6.99 1999 897.39 10846.36 8.27 2000 1541.02 13346.61 11.55 2001 1182.13 12439.41 9.50 Capitals Raised by Chinese Companies * 2002 779.75 18979.20 4.11 2003 823.10 27702.30 2.97 Data source: ＩＮＦＯＢＡＮＫ * Reasons for the Decrease in NPLs ratio Increase in total amount of loans In 2003, the net increase was RMB 2,770 billions (24% total loans between 1991-2003) Decrease in NPLs Capital injection by government