The Research On The Listing Of State-Owned Banks In China

China formally entered WTO in November 2001 and became one member of WTO.WTO has brought great developing chance for China economy. But, at the same time, the banking of China are faced with great challenge, which they have never experienced before. It's especially hard for state-owned banks, which will have to compete with both foreign "intruders" and fast-growing share-holding banks in China. Nevertheless, with their inborn defects (such as inadequacy of bank capital; rising ratio of non-performance loan; unreasonableness of the structure of property right and corporate governance; and so on), the four big state-owned banks are merely "weak giants". Under such circumstance, the state-owned banks will have to undergo thorough reform of share-holding system so that modern banking system can be established, in which the property right and liability is clear; enterprises run by their own; and management is scientific.The state has made it clear that the reform of share-holding system go through three steps. The first is commercialized management; the second is the reform of share-holding system; the third is the listing of state-owned banks. Presently, the first step has been realized, which means that state-owned banks have been commercialized. It's a natural step for state-owned banks to enter the stock market. Thus, China's capital market can be stabilized and state-owned banks will be more competent. Therefore the four state-owned banks should accelerate their steps of listing on the base of thorough reform of share-holding system.Based on the necessity for the listing of state-owned banks, this paper draw a conclusion that the state-owned banks should enter the market as a whole by analyzing the several modes of listing. It also analyzes some factors, which hinder the whole listing of state-owned banks and provide some innovated ways to deal with them.This paper consists of five parts:Chapter one: is guide. It deals with the background for the listing of the state-owned banks and several views on the issue by other scholars. As there is no practical achievement in this field, this paper mainly explain it theoretically, along with some relevant diagrams and data.Chapter two: the necessity for the listing of state-owned banks. This chapter point out that the state-owned banks will benefit a lot through entering the stock market. On one hand, they will supplement their capital, reduce the ratio of NPL, and improve their property right and corporate governance; on the other hand, they will further the reform of banking, develop their capital market, and consequently enhance their core competence.Chapter three: choosing the mode of listing. This part mainly explains several dominant modes for the listing of state-owned banks, such as whole listing; part listing; takeover listing. Through the analysis of advantage and disadvantage of the modes for the listing of state-owned banks, we can conclude that only by allowing the four state-owned banks to enter the stock market as a whole, can we construct a modern banking system. This is the main point of the paper. The conclusion is deduced from the following aspects: 1 .The advantage and disadvantage of part listing; 2.The advantage and disadvantage of whole listing; 3.The advantage and disadvantage of takeover listing and bank holding company; 4. Choosing the mode of whole listing is a natural step for china's banking reform.Chapter four: the hindrance of whole listing for state-owned banks. This part concisely analyzes the factors that prevent state-owned banks entering the stock market as a whole and the reason why they occur. Thus, lay a foundation for the next chapter.Chapter five: deepen the reform and propel the whole listing of state-owned banks. This part is also the key part of the paper. It deals with the measures to encourage state-owned banks to enter the stock market as a whole. The measures are as following: 1 .Accelerate the reform of property right system and establish a multiple structure of property. 2.Construct sound corporate go...