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Research On The Systematic Renovation Of The State-owned Commercial Banks In China

Posted on:2005-09-16Degree:DoctorType:Dissertation
Country:ChinaCandidate:Z Z FanFull Text:PDF
GTID:1116360125450950Subject:Political economy
Abstract/Summary:PDF Full Text Request
The fate of the commercial banks in China is of vital importance to the healthy and stable development of the Chinese economy. After entering WTO and facing the challenge of the internationally advanced financial fields, the Chinese commercial banks must have a clear goal and reform resolutely. Only through these ways, could they win at last. If they let things be as what they are like and don't reform firmly, renovate the system and adapt themselves to the financial internationalization trend, they definitely will not survive and develop in the international competition.The system is an important variable to the development of the society and economy. Therefore, the efficiency of the system of the state-owned commercial banks relates to the efficiency of the financial distribution directly. Basically speaking, the problems in the state-owned commercial banks are systematic problems. Because our country is in the period of economic reform, reforms of the essential system, that is the property rights system, have never been taken. In our country, the traditional property rights system hasn't changed fundamentally, and the key problem of "true responsible owner" of the state-owned assets has not been settled really. In view of China's conditions, if we don't establish the rational property rights system, we will never realize the goal put forward by Deng Xiaoping, that is, "changing banks into real banks" through deepening reform. This paper takes the "systematic renovation of the state-owned commercial banks" as its key point and tries to explore the systematic reform of the state-owned commercial banks on the basis of property rights. Not only does this deepen the theory of the property rights reform of state-owned commercial banks, but also does the thinking of choosing this title conform to the reality of the state-owned commercial banks in our country. So this paper could hit the key point of the problem. Besides, the author carries out the systematic, deepening, theoretical thought and renovation, and provides renovation thinking on how to set up the frame to reform the state-owned commercial banks. The property rights of the four solely state-owned commercial banks are owned solely by the whole people in China. The country carries out the ownership power on behalf of the people. The nominal principal of the property rights is the government that represents the country, but the parts who really possess and use the banks' assets are the people who are in charge of the banks and the staff. This property rights system lacks the clear definition of the property rights and leads to the confusion of ownership, the right of use, distribution and gains. So, there isn't the binding principal of the property rights in the assets management of the state-owned commercial banks. Because of the lack of the owners' supervision, the people who run the banks can't be driven by the existing interest mechanism. This directly causes the low working efficiency in these banks, the dim risk consciousness, the lack of internal control and the high rate of bad assets. Therefore, we must reform the property rights system of the state-owned commercial banks.To carry out the reform of the property rights system of the state-owned commercial banks, we must draw support from some ways on how to achieve the goal. So, how to choose the ways is key to the property rights reform. I think that the important way to reform the property rights system of the state-owned commercial banks is to transform the banks into company limited. That is the way to establish the real commercial banks. The main contents are as follows: According to the requirement of the modern commercial banks, we should set up the standard corporate governess structure and strict internal responsibility and right system, form good finance binding and internal risk profile mechanism, restructure the assets, deal with the bad assets, replenish the capital and establish the good financial basis and strict financial standard. Only t...
Keywords/Search Tags:system, state-owned commercial banks, property rights renovation
PDF Full Text Request
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