| To strengthen the commercial bank capital regulation has become the consensus of global banking development.In 2010 with the promulgation and implementation of Basel Ⅲ, A new era of Global capital regulation of commercial Banks is coming.Basel Ⅲ strengthens the requirements of capital regulatory in the commercial bank furthermore.By making the capital definition of the commercial bank capital more clear and strict,increasing the ability of capital loss absorption and enlarging the coverage of risk measures such as,It aims to improve the quality of commercial bank capital and capital adequacy ratio level to improve the ability of resisting risk in commercial bank. Many capital accumulations, capital tool innovation, improving the ability to absorb losses and so on have been carried on the positive exploration and practice in international commercial bank.Basel Ⅲ has formed the challenge of Chinese commercial bank capital regulation, which promotes China to speed up the pace of reform of commercial bank capital regulation. In 2012, The China Banking Regulatory Commission has issued "The commercial bank capital management approach(trial)", which is in line with the Basel Ⅲ and combined with the reality of our country national condition. It strengthens the segmentation and the capital of qualified standard,puts forward the measures to strengthen the capital constraints, It also strengthens the effectiveness,comprehensiveness,accuracy and balance of capital management and it lays a foundation on commercial bank capital regulation reform and capital tool innovation.At present, The capital adequacy ratio of commercial banks in our country is relatively low, Capital supplement channels is limited and new capital tools is less.Especially the small variety of existing capital tool, the weak absorption loss mechanism and insufficient capital tool innovation seriously weaken the domestic commercial Banks stability and core competitiveness.In contrast, foreign commercial Banks’ capital tool innovation is more rich, and flexible use.Especially after the Basel Ⅲ,capital tool innovation has become the important means of international commercial bank’s capital supplement, which has played a good demonstration and reference for China’s banking sector. So how to draw lessons from the successful experience of international banking, to guidecommercial banks making a economical development, constantly promote endogenous capital accumulation ability under the premise of promoting commercial bank capital tool innovation, continue to expand the capital supply channels, is the reality and necessary choice to increase the competitiveness of commercial Banks in China.From the late 20 th century, with the development of financial innovation and the coming of financial crisis, the theory research and practice exploration of commercial bank capital tool innovation also appear constantly.Commercial bank capital tool innovation research began to appear as a separate research system and it’s development is becoming more and more mature. Commercial bank capital tool innovation research is a new field of study at present, the research at home and abroad mainly focus on the hybrid capital instruments, convertible bonds,long-term subordinated debt and preferred stock categories capital tool, other tools in new capital is not much. A handful of research content is focused on these tools, the clause design, mechanism research of the different types of innovative capital and capital tool innovation system research is elatively small.This paper aims the innovative solutions of our country commercial bank capital tools as the core. Firstly, it analyze the history and status of China’s commercial bank capital tool innovation.In the main line of China’s commercial bank capital tools innovation and based on the experience of the international commercial bank capital tool innovation, it makes a research on core tier one capital tools, write-downs tier-one capital tool, turn the secondary capital tool,four types of hybrid capital tools which has not been applied in our country’s new capital tool innovation schemes. Innovative solutions including core terms,distribution design, pricing mechanism, risk management and other on.Finally,based on the standard of qualified capital tool of Basel Ⅲ and China banking regulatory commission(CBRC) "commercial bank capital management approach(trial)" and "guidance on commercial bank capital tool innovation",the four capital tool innovation plan eligibility were evaluated, and the lack of innovation of the tools of the our country commercial bank capital put forward the corresponding Suggestions and improving measures.This paper focused on innovative design of the core tier one capital tools,write-downs tier-one capital tool, turn the secondary capital tool and hybrid capital tools which has not been applied in our country yet.we also make a discuss on the supporting laws and regulations construction, the construction of market mechanism, improvement of the pricing system, the deficiency existing in the risk management measures and put forward the corresponding Suggestions. Which provides new train of thought for the future of our country commercial bank to speed up the capital tool innovation broaden capital supplement mechanism.This paper is divided into seven parts.The first part introduces the topic background, research significance, research contents, research methods and innovation. The second part introduces the related theory and review of it. In the third part,the China’s commercial bank capital tool innovation history and present situation are analyzed,and in the fourth part China’s commercial bank capital tool innovation current existing problems are analyzed and expounded.The fifth part tentatively conducted several commercial bank capital tool innovation design,focusing on core tier one capital tools, write-downs tier-one capital tool, turn the secondary capital tool, the hybrid capital tool to design innovative solutions. Ⅲsixth part according to the the standard of qualified capital tool on Basel agreement and the China banking regulatory commission(CBRC) on "commercial bank capital management approach(trial) ", four types of capital tools are evaluated. In the seventh part, some policy and suggestions are put forward on our country commercial bank capital tool innovation.
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