The Research On The Capital Structure Of Chinese Commercial Banks

With China's rejoining WTO and the financial sectors open up further to the outside world, it has been one of our important task to establish a modern commercial bank system and build up banks' competence of our country. It requires that commercial banks should promote their market competence, improve corporation governance, and optimize capital structure to embrace the challenges of market competition and foreign banks. The capital structure of commercial banks has both the fundamental characters of common company and the special characters of its own.Under the guidance of the capital structure theory, considering the special characters of commercial banks, the paper first commonly analyzes the characters of banking capital structure. Then will analyzes the present situation of China's commercial banks' capital structure in detail. With the development of nearly half of century, China's commercial banks have formed a system in which the wholly state-funded commercial banks take up the most important position and joint stock commercial banks represent the trend of China's commercial banks' future. So the paper analyzes China's commercial banks with the symbol of the above two kind of banks. the core capital proportion (namely core capital/total capital ratio), the core capital structure, and the stockholder's rights structure the status of subsidiary capital of China's commercial capital banks, as well as the reasons of the low ratio of capital subsidiary.