Research On Corporate Governance Of Chinese Stated-holding Commercial Banks

According to the WTO commitments, China will fully open up its banking sector to foreign companies by the end of 2006. Foreign banks are gaining equal status with domestic ones. They have been spreading out their strategic layout in the Chinese market. The four state commercial banks are losing their competitiveness from monopoly, and facing the ever greater challenge from financial giants all over the world.Corporate governance issue has been a common concern around the world. The Chinese government has done whatever she could to assist the former state commercial banks to transfer to market-oriented commercial banks. Former state-owned banks have been or are going to be public companies. Corporate governance has come to the focus of governors, scholars and heads of commercial banks as well. The author has also done some research on the corporate governance of state-holding commercial banks in China.The dissertation consists of four charters.Charter 1 makes some reviews on theories of corporate governance and also makes some distinctions of corporate governance between commercial banks and other companies.Charter 2 makes some research on foreign experience on corporate governance, especially the state holding giant of Singapore (Temask), and the global financial giant(the citi group) for some reference in good corporate governance. The author argues that there is no definite logic relationship between ownership structure and corporate governance level, and the unitary ownership structure is unlikely lead to bad corporate governance. Provided the banks can build strong board of directors, consolidate the substantial effect of the board, improve the incentive and restrict mechanism, State holding commercial banks can also realize high level of corporate governance.Charter 3 goes into details on the specialties and status quo of state-holding commercial banks. Through comparison with practices from advanced economies, where there is relatively high degree of corporate governance such as America, the...