Research On The Management Of Subordinated Debt Issued By Commercial Banks Of China

This thesis focused on the management of subordinated debt issued by commercial banks of China. In 2003, subordinated debt issued by commercial banks gave its first appearance in our national inter-bank bond market. During the subsequent seven years, subordinated debt plays an increasingly important role for commercial banks in China. It is the top priority how to get a more rational use of subordinated debt for a better effect toward commercial banks in China when we face the coming challenge about the latest regulatory policy.As a regulator, how to bring effectively management of subordinated debt issued by commercial banks of China is so urgent. If it works, commercial banks in China can have a improving the ability resisting risks and getting a higher level of profitability. In this thesis, we will get a briefly review of the development of subordinated debt issued by commercial banks of China, analysis the two special phenomenon of frequent issue and mutual invest among commercial banks of China, interpret the current macroeconomic policies, and find out the problems of the management of subordinated debt issued by commercial banks of China from checking the comparison between the home and board. At last, we hope to work out some effective measures in the favor of better management of subordinated debt issued by commercial banks of China.This thesis is divided into four chapters. ChapterⅠis preface. ChapterⅡandⅢare the foundation and bedding of the whole thesis. ChapterⅡis the theory of commercial banks capital and commercial banks capital adequacy ratio in "Basel Agreement";ChapterⅢis the theory of subordinated debt issued by commercial banks.ChapterⅣandⅤare the core of the whole thesis. ChapterⅣis about the problems of subordinated debt's management issued by commercial banks in China composed by five parts. First, subordinated debt is the realistic choice of commercial banks in China. Second, we show the history of subordinated debt issued by commercial banks of China. Third, there will an analysis about the two special phenomenon--frequent issue and mutual invest among commercial banks of China from two coins. Forth, a discussion will hold to interpret the current macroeconomic policies. Fifth, we stand in the stage of foreign experience to disclosure the problems of the management of subordinated debt issued by commercial banks of China. Chapter V will give some effective measures to solve the problems Chapter III raises.