Research Of Comprehensive Assessment System For Listed Banks' Competitiveness

In the bank-dominated financial system,the competitiveness of banking sector play a very important role in chinese economy. Over the past few years, a series of reforms, such as financial restructuring and listing of China's state-owned commercial banks, have been implemented successfully, and brought about a new landscape for China's banking industry with remarkable success. How listed banks, as the main force in China's financial industry, choose the strategies and paths of sustaining reforms and make rapid progress in their overall competitiveness at the new historical starting point will produce diverse, serious and far-reaching significance and influence. To this end, it is of great theoretical and practical significance to construct an overall, objective and practicable competitiveness appraisal system of listed banks, which shall be designed to comprehensively appraise the competitive strength of state-owned commercial banks before and after reforms so as to enhance the confidence in further reform and guide the strategic development orientation and operation priorities in the future practices and improve the overall competitive strength. The research is focused exactly on this core issue.The research of overseas and domestic institution witness a process from singularity to diversity, from static to dynamic. But so far, the old theories and empirical researches regarding the banks'competitiveness were developed in light of commercial banks in a common sense, without specific analysis of the characteristics and competitiveness of listed banks.From global view,most first-class international bank have been listed,,and chinese listing banks such as ICBC,BOC,CCB and BOCCOM have comprised large part of chinese banking sector. In the future,with more and more financial institution initiate IPO,the focus of competitiveness acessment will convert from commercial banks to listing banks.By integrating theory with practice, this thesis characterizes the following aspects on the basis of in-depth research of enterprise competitiveness theories, combination of the present status of commercial banks' competitiveness research, the author focuses on this issue as a breakthrough point and specifically analyzes the multiple differences between listed banks and non-listed banks and further deepens and concentrates the competitiveness of commercial banks in listed banks, creating a new field of research on the competitiveness of commercial banks. This thesis takes the characteristics of listed banks into full consideration and creatively builds a comprehensive competitiveness appraisal system of listed banks that is made up of 14 major factors at 4 levels, including macro-environment, operation ability, capital market influence and social influence, in addition to analyzing the interrelations and working mechanisms of competitiveness compositions of listed banks as a further supplement and improvement of the existing research.In this thesis, around 10 advanced international banks in developed countries are selected for comparison purpose, including Citibank, HSBC and UBS, etc. In line with the competitiveness appraisal system of listed banks and relevant data, quantified empirical research and analysis on the competitiveness between 2003 and 2008 are carried out in connection with China's top four state-owned commercial banks and the top 10 international commercial banks. After relevent caculation, this thesis get some basic conclusion, Owing to financial restructuring and listing, the operating performance of China's top 4 state-owned commercial banks has made sustained and rapid growth and their overall competitiveness has been drastically enhanced so much so that they have caught up with or overtaken a few top international banks in terms of profitability while remarkably shortening the gap with the top international banks in terms of corporate governance; However, large gaps still exist between the top 4 state-owned banks and advanced international peers in terms of risk management, international operation, comprehensive operation and investors' relationship; The comprehensive of sample banks changed significantly during certain period.By combining the empirical research results of competitiveness appraisal of listed banks and referring to advanced domestic and international experiences and practices, specific measures and. implementation details are proposed in this thesis for further consolidation and improvement of the competitiveness of large listed banks in our country, which are of great guiding significance to the improvement of overall competitiveness of listed banks in China.