Decision-making Game Of Chinese Commercial Banks' Bad Loans Debt Analysis

Debt-share-swap, which is a new topic confronting banking industry of China, is one of the effective measurements of the bankers' non-performing loans and the state-owned enterprises' reforms.The characteristics of its present researches are mainly as follows:1) They are only the introduction of its concepts and history instead of exploring analysis;2) There is little quantitative analysis in them;3) They are usually from the interests of the enterprises but commercial banks (owing to the policy orientation);4) The method of game theory has not been used in the domestic researches on debt-share-swap.Taking the above elements into consideration, the paper studies a lot of fore-and-aft interests and risks of the commercial banks as well as the state-owned enterprises, and explores the relationship of various parties in the process of debt-share-swap with game theory. The study is from three aspects: 1) bank-enterprise game, 2) bank-bank game and 3) government-bank-enterprise game.In addition, it puts forward some practical suggestions, which are favorable to the financial reforms of the Chinese commercial banks and the state-owned enterprises.