Study On The Problems And Countermeasures Of Listing Of The State-owned Commercial Banks

The listing of the state-owned commercial banks (SCB) is a hot financial topic in China currently. The deficiency of capital is the ultimate encumbrance of SCB' listing and the chiefly problem that needs to be resolved is the property-problem.Based on the share-holding system theory and property theory, this paper reviews the actuality of the listing of SCB, analyses the reason why it is difficult for SCB to go on the market, finally, brings forward some countermeasures. Both positive and normative methods including statistics., comparing and giving examples are used in the course of study. The conclusions of the study are as follows.Corresponding to the reform of share-holding system and going on the market of state-owned enterprise, the listing of SCB must meet two conditions that are capital adequacy ratio and asset yield ratio.After entering WTO, SCB will face more and more competition, and it is necessary for SCB to go on the market to enhance its strength of competition. The thorough innovation of property and the foundation of commercialised governance are essential for SCB to go on the market.We find that almost all the big banks in the world have been gone on the market. As their property institutions have not been innovated thoroughly, the profit earning capacity of the listed banks in China can't stand long.There has not any lawful obstruction of the listing of SCB. It is difficult for the state-owned commercial banks to go on the market mainly because their conditions of the listing have not met the relative regulations, which are capital adequacy ratio and asset yield ratio. And it is difficult for the banks going on the market wholly or separately.Because of the following reasons, it is difficult for SCB going on the market. First, the capital of the SCB is insufficient and the amount of the bad asset of the SCB is great. It is difficult to evaluate its profit earning capacity because its financial information is not transparent. Second, the unclear property-right results in that the carrier of the financial risk is not explicit and the mechanism of employing can't come into being.As a result, the author puts forward some suggestions to resolve the problems that exist in the going on the market of SCB. First, the target-mode of going on the market of SCB is that the shares are completely state-controlled, relatively state-controlled or public-controlled. Second, the moves of going on the market of SCB are recombination of going on the market dividually, foundation of state-owned enterprise, more alteration and the whole going on the market. Third, it is necessary to set up favourable fathering mechanism in the SCB. Fourth, capital market should be developed faster and market mechanism should be cultivated farther.