The Research On The Corporate Governance Of State-owned Commercial Banks In China

Since the 1990s, the Asian financial crisis,the insolvency of banks and other financial problems emerged. The corporate governance of commercial banks has been paid worldwide attention. Along with China's accession to the WTO and the gradual reform of China's financial system,China began to pay attention to the corporate governance of the state-owned commercial banks. In face of the competition and challenges brought by the foreign financial institutions after entering into the WTO in 2006,how to change our competitive disadvantage of commercial banks and enhance the state-owned commercial banks' international competitiveness is the problem that we have to seriously face. State-owned commercial banks' reform is the key to China's economic reform. And a sound corporate governance structure is the core content of the state-owned commercial banks' reform. It directly determines the success of the market competitiveness of our banking system. History and reality proved that establish an international commercial banking system and a good structure of corporate governance is the right way to partially solve the problems of our state-owned commercial banks, and also the choice to deal with foreign banks. Therefore investigate models, mechanisms and special characteristics of our state-owned commercial banks' corporate governance, put forward a series of policy recommendations according to the problems existing in our state-owned commercial banks, have important theoretical and practical significance.Chapter one expounds the theory of the commercial banks' corporate governance at first. Corporate governance is such a system that guides and controls the companies , including establishing the relationship of the managers, the board,the shareholders and other stakeholders. Corporate governance also provides a framework through which to establish corporate objectives and means to achieve them, and identify means of monitoring the implementation as well. Good corporate governance should provide proper incentives in order that the board and the managers effectively implement the objectives benefit companies and shareholders,but also provide effective supervision to encourage them to make more effective use of resources. Our...