Study On The Corporate Governance Of Chinese State-owned Commercial Banks

The reform of state-owned commercial banks is on the critical stage at present in our country. After pouring 22,500 million foreign currency reserve fund into Bank of China and Chinese Construction Bank respectively for their shareholding system reform at the beginning 2004, the government also poured 12,500 million dollars into Industrial and Commercial Bank of China in April of 2005. Also, the reforms of Agricultural Bank of China were prepared actively. How to deepen these reforms next, have already become the financial focus which people have paid close attention to. The shareholding system reform of state-run commercial bank carried on at present has deep historical backgrounds. It is a promotion of former reform that suits to the marketization of economy and finance of our country. Also, it's a objective demand for internationalized development. State-owned commercial bank is contacted closely with economic system improve especially the SOE reform. On one hand, there are lot's of peculiar system drawbacks of state-owned enterprise because the state-owned commercial bank itself is state-owned financial enterprises. On the other hand, when the state-owned enterprises go bankruptcy, annex, recombination, most financial burden that accumulated for many years become the bank's non-performing loan through bank credit. The reform process of the state-owned commercial bank should meet the basic principle of " economy determines the finance, finance act on economy instead ". So, examining the historical gradual of reform progress of state-owned commercial bank closely under the frame of the economic system reform, understanding the necessity and urgency of perfection of company's administration structure of state-owned commercial bank deeply comply with the development trend of economic system, surrounding the core of perfection of company's administration structure firmly to promoting the bank's management system completely, all these issues are realistic and burning problems, which is of great importance to advance the reform of the shareholding system reform of state-owned commercial banks.Firstly, a comprehensive summery of the relative theory both of overseas corporate governance and home country's was presented in this paper. Then the writer examined the corporate governance of the state-owned commercial bank in the horizontal manner and vertical...