The Research On Anti-monopoly In Bank Industry Of China

There is monopoly in bank industry of China for a long period. The micro-finance and macro-finance have paid out heavy cost due to State-owned commercial banks dominating bank industry. Along with market economic system established and joined WTO, bank industry of China has being gotten strong impact and huge challenge.Bank industry of China is at the life-or-death historical juncture. It will collapse if refuse reform and monopolize continuously. Only getting rid of monopoly as soon as possible, bank industry can separate itself from the present dangerous situation. Therefore "anti-monopoly " is the key to bank reform. However, we must cognize the anti-monopoly clearly. There is contrary to reason to anti- monopoly: We have to rely on the ones who will insist on monopoly. Therefore, it will be protracted, formidable and complexity to against monopoly in Chinese bank industry. We should recognize the key of foreign capital banks and the private finance again .If there is no the demonstration of the foreign capital banks, there wouldn't have been modern banks in China. It made us lost the chance to learn them to sweep out the foreign capital banks after liberation. It is certainty to develop the private finance .The government should encourage and support them.The monopoly in bank industry means: for reaching specific purpose, a few large banks control the goal market, restrict competitions and violate the public benefit by economic or other means. The monopoly in the bank industry of China has the feature of administrative, compound, multiplicity and double character. It is based on system, ownership, ideological and legalIt needs scientific theory guidance to anti-monopoly. Marxism monopoly theory make us know: It will take long-term to anti-monopoly. Presently, we object to administrative monopoly. Before long, we would object to economic monopoly. We known from western economy theory, we should avoid the completely competitive market model. We can judge the monopoly by market structure, market behavior and market effect. It is necessary that the government interfere market properly. We also get the ideas about the research of domestic academic. And there are some deficiencies about the research on monopoly: We haven't pay close attention to anti-monopoly; There is no definition of monopoly in bank industry; No appraisement for the history of Chinese bank industry again; No re-appraisement for the foreign capital banks and private finance; No ultimate goal of the state-owned commercial bank reform. We must clear away some theory hindrance. For instance, banks need state-owned form surely; monopoly insur financial safety and keep economic order and so on.We must implantation the new competitive roles in bank industry. First, carry out share-holding system transform for state-owned commercial bank. Secondly, set up the private bank. Thirdly, allow more foreign banks enter China.Now we should correct two wrong trends: " respectful " excessively and open insufficiently for the foreign banks. We must set up the relationship of government and banks again. The administrative power control the financial resource. This kind of intervention is arranged by special systems and give special benefits to specific crowd. Commercial bank should be " natural "result of developed commodity economy. They should grow up through competition. The intervention of government for commercial banks should stress risk to be on guard instead of control financial resource.In order to set up the relationship between government and commercial banks again, Firstly, we should get rid commercial banks of shackles of the administrative power. Secondly, we should speed up change government function. Finally, we should establishment the system to investigate the duty. We must restrain the power of government officials and punish any excess interference. Increase the personal cost of intervention.The paper abstract includes some new main views of author. It outlines the frame of monopoly research on bank in...