Research On Control Rights Of State-owned Banks After Strategic Absorbing Capital

Strategy aimed at attracting investments caused by the "state-owned banks undervalued"and the "financial security threat", and so on controversy .This paper attempts to use a standardized method to objectively look at the economics of state-owned banks in adopting a strategy of internal mechanism depth analysis of its shareholding structure of the state-owned banks, management efficiency, control benefits and the right to control the distribution and so on may have been affected. Using mathematical modeling and verification methods to avoid the state-owned banks, due to "the dominance of state-owned shares " built up through strategic attract investment dispersed ownership pattern is unstable. When the privatization of state-owned banks control risk and yield to compensate for holding equity transaction costs, strategy to attract investment by the equity shares distributed model will inevitably move toward a centralized model. And this process is accompanied by the loss of state-owned banks and inefficient management control of the transfer.After attracting investment strategy to face the possible transfer of state-owned banks control the risk of another paper further reflection, maintain that the strategy of how to attract investment after the shares held by the state-owned banks is appropriate. The proportion of state-owned shares should be appropriate, on the one hand, to maintain control of state-owned banks. Hand and give full play to attract investment strategy, decentralization of shares of state-owned banks to promote the role of performance management. So, the paper analyzes the strategy to attract investment after the shares of state-owned banks in China have two types of shares and foreign shares the differences in the objective function. That the state-owned shares still need to shoulder a heavy social burden, and the way of taxing profits reflected, only a single foreign stocks and profit maximization goals. Then, the simulation of ancient China's banking industry promised a competitive equilibrium model, and on the basis of considering the social burden, calculated the ratio of state-owned shares in the appropriate interval.This is also the solution to these two problems in two major innovations, and these two issues as a continuation of this paper mainly from the control and optimizes the distribution of control over both the incentive and restraint. To further explore the issue of maintaining control over the state-owned banks. And the experience of some developing countries in the process of opening up China's financial reform of the property rights of some banks, forming a strategy to attract investment after China's state-owned banks to maintain control of specific policy recommendations.