Research On Credit Asset Pricing Of Commercial Banks In China

According to the commitments of joining the WTO and the five-year transitional arrangements,from Dec.11,2006 onward,our country would cancel the regional restriction for the foreign capital financial organizations,open up the management scope in an all-around way,and allow them to offer financial services to all the domestic clients,thus bringing a broader developing space as well as severe challenges for our bank businesses.As far as commercial banks in China are concerned,we,whose business is based on credit in a traditional sense,should exert ourselves to solve the core problem of credit asset pricing in our operation so as to compete with many advanced banks across the globe,seek our own position,and even achieve a leading level on the opened stage of global bank business.At present, despite some study on the problem of credit asset pricing,it still calls for further development and penetrating probe.As a matter of fact,it is not long since our banks began to operate in the true sense of commercial banks,therefore credit asset pricing in our banks lags behind compared with advanced banks overseas in terms of theory probing as well as practical operation.Hence it is very urgent to enhance the techniques of credit asset pricing.At present,the operating profit of China's commercial banks is mainly relying on the gap between deposit and loan interest.In a certain scale,the pricing of credit asset can decide the earnings of banks.This paper is written for the research object with credit asset pricing of commercial banks in China.We take China Construction Bank as an example and make comprehensive and systematic study on the credit assets pricing of commercial banks,based on credit-based asset pricing theory and combined with practical work.And then we establish an credit asset pricing model.The model has improved the original pricing model and make the basic elements of credit asset pricing concrete and digital.We can set the index weight of all indicators and calculate a reasonable loan price.Finally,we test the model by using an real example of corporate loans and get the reasonable and correct results.We take the comparative study methods and quantitative analysis and qualitative analysis methods in this paper.In this paper,We make an analysis on the background and significance of the respective topics;research carried out at home and abroad on credit asset pricing model of commercial banks;the financial environment of China's commercial banks credit asset pricing model working;domestic commercial bank credit asset pricing and problems;the credit asset pricing of the China Construction Bank;the empirical analysis of credit asset pricing model of the China Construction Bank and policy recommendations.