Property Right System Reform Of State-owned Commercial Banks: Analysis Based On The Functions Of The Government To Re-locate

It's such a particularly important matter as to discuss the future of the state-owned commercial banks in China. With a reform over twenty years, the proportion of the public property is falling while the reform on the property of the state-owned commercial banks is obviously stagnant. The state-owned commercial banks are to face a stem test after China's entering WTO due to the low efficiency and low competent capacity they have. By the study, we find that the nature of the public property directly lead to the problem of empty ownership, then we think the property system of the state-owned commercial banks is the crux of the problem. Moreover, because of the government getting involved in the banks' operation and due to the lack of corporate governance, the state-owned commercial banks have to face the confiiction of the social targets and the economic targets and at last they fall into low efficient operation.Based on the study on the path rely-on theory of the institution change and the contrast on the all kinds of reform plans to the state-owned commercial banks, we find that it is impossible to essentially solve the problem without solving the property problem of the state-owned commercial banks. In fact, a risk's transferring-accumulating mechanism has been built up among the government, the state-owned commercial banks and the state-owned enterprises. The unsymetry between the income and the risk strengthens the route rely-on of the risk's transferring arrangement, thus finally forming a systematic risk. So, the task of top priority is to carry on the property of the state-owned commercial banks, whose core lies in the reorientation of the government's function. Centered on this core, we offer a series of plan about the property reform, consisting of the change of the government's function, the disposal of the bad-performed assets, the management of the financial state-owned assets, the implement of the joint stock and the perfection of the corporate governance, etc.