Study On Corporate Governance Of State-Holding Listed Banks

In the thesis, the writer discussed the corporate governance of state-holding listed bank—- Bank of China, China Construction Bank, Industrial and Commercial Bank of China, finding some problems of them and putting forward promoting solutions. The main idea of the research is: Firstly, summarizing the researching results of the corporate governance, especially of the banking corporate governance. Secondly, comparing and analyzing the main model of corporate governance of foreign banks. Thirdly, reviewing the reforming progress of state-holding banks, and analyzing stage achievements. The forth is doing a lot of researches on the existing problems of corporate governance of banks and giving the reasons of such problems. In the last part, promoting measures to better solution of corporate governance of state-holding banks.①Basic Conclusion1). There are some problems of state-holding listed banks in internal governance system and external governance system, although they have made certain progress in corporate governance. Including no valid equilibrium system, unsound encouraging and limiting mechanism, suppositional supervising system and so on.2). The state-holding doesn't definitely lead corporate governance to be failed, but it brings obstacles and hidden dangers to establishment of valid corporate governance. However, due to absolutely state-holding of these banks, the high-level staffs always have thick executive colors, so it's difficult to establish valid equilibrium system. What's more, state-holding also make some potential for government's controlling operation of banks due to their own aim, which leads to soft budget constraint.3). It is less effective for corporate governance of banks to be listed in the capital market. Capital market in our country is not sturdy enough and lacking of reasonable entering and quitting system, which made it difficult to form market limiting system. However, the three banks have been listed in the foreign capital market, which account for little proportion, so it is also difficult to promote essential change for corporate governance of the state-holding listed banks.4). There is also sever challenge for corporate governance of banks under the situation of macroscopic economy. In international, the credit crisis of the USA is more and more serious, in China, there is risk of economy to be over heated, more pressure of inflation , which all bring sever challenge to banking operation, if the financial situation of banks to be worsen again, it will be a disastrous impact for corporate governance of banks.②Policy and suggestion1).Strengthening the administer of government itself, putting the relationship of government and banks in good order, improving the status of HUIJIN corporation as a state investors, and better the banks'structure of share in a developing way.2).Reinforcing the construction of market, perfecting publishing system of information, strengthen external management. Marketing construction includes capital marketing construction and banker's marketing construction.3). Perfecting supervising system, especially strengthening staff's function in supervising system of banks, what's more bettering the function of political party committee in the corporate governance of banks.4). To enhance control on risk of banks themselves, avoiding financial situation worsen of listed banks, which leaded by financial crisis, thereby impacting the improvement of corporate governance of banks.