Research On The Impact Of Introducing Strategic Investors By CITIC Bank

Since China’s accession to the WTO commitments, in2006China’s banking industry comprehensive opening to the outside world, how to survive in such a fierce competition, how to improve the corporate governance, risk management, product innovation and how to establish the corporate culture of modern commercial banks is an urgent problem to be solved.The Commercial Bank of our country has the absolute core position in China’s financial system. Because of the imperfect system and the low level of operating, our banks are also formed a lot of very difficult problem. For example:the capital adequacy ratio, the core capital adequacy ratio and other indicators are not up to the "minimum requirement of new Basel agreement", the ratio of non-performing assets has maintain a high level of internal control for a long time, Internal control exists many imperfect. There are many drawbacks of risk prevention measures. The only single state-owned property rights structure has been unable to meet the development of modern banking requirements are the origin of all these problems.Although the joint-stock commercial banks first completed the shareholding system reform.Basically, the structure of property rights has been achieve diversification.Property rights system has also been standardized. However, the property rights system is still not perfect.The majority of Chinese joint-stock commercial bank is controlled by the local government or the central government in fact. A high proportion of state-owned shares or absolute holding leads to excessive government intervention in the management decision of the bank.According to the theory of modern enterprise system.Government and enterprise are not separation is one of the important reasons of low efficiency of resource allocation and corporate governance. Therefore, joint-stock commercial banks’ corporate governance structure is is not fully developed.This paper reviews the process of China’s banking industry to introduce foreign strategic investors。Taking China CITIC Bank—Joint-stock commercial banks—as analysis focus, discuss foreign strategic investors play how an active role in the process of China’s joint-stock commercial bank reform. How to introduce strategic investors can make the enterprise value increment? Based on this, we carried out a detailed analysis of the case, and obtain the enlightenment of.