The Assessement Of Systemically Important Of China’s Listed Commercial Banks

After the outbreak of the international financial crisis, the collapse of major financial institutions is the key point of the crisis. "Too big to fail" financial institutions collapse crisis associated with a network of strong, large-scale, irreplaceable, involving a wide range of complex business and functional features, making the risk of a single institution would quickly spread through various channels of influence to other institutions, causing a chain reaction to the global financial system, not only this but also has brought a serious impact to the real economy. Through this financial crisis, national governments and relevant international regulatory authorities began to learn the lessons from this crisis, and points out that the banking supervision not only depends on the single micro prudential supervision, but also gradually turned to depends on both micro prudential and macro prudential supervision, and then put forward the concept of the so-called SIFIs. It is because of these systemically important financial institutions, and they have serious defects in corporate governance and risk control, led to the outbreak of this crisis and promote its contagion. Because of this, advocate the macro prudential supervision, prevent the systematic risk effectively, improve the identification and supervision of the SIFIs will become the focus of the current round of financial regulatory reform.In order to strengthen the recognition of the importance of China’s listed commercial Banks system. The paper-based the Co Va R approach, by quantile regression techniques to calculate the spill risk affected on the whole banking system when the different commercial bank under risk, and to analyses the system importance of the listed commercial banks in China. The big four state-owned Banks in the event of a crisis contribute most of the risk to the entire banking system, and they also have significantly stronger ability than other banks to resist the systemic risk from the entire banking system when it fall in dangers. Which determine their importance in the entire banking system. Compared with large state-owned commercial Banks, other joint-stock commercial banks have different spill risk for the entire banking system when their in the trouble. But some banks which have relatively large size of the assets of national joint-stock commercial banks such as China Merchants Bank, Industrial Bank, as well as some local commercial banks which have strong competitiveness in their regional market, such as Bank of Beijing, they risk spillover effects on the entire banking system is relatively large, so attention also needed to focus on this kind of bank, and list them as relatively systemically important Banks, which implement the specific regulation.The article includes six parts. At the beginning, which mainly study the background and explained the significance of this study lies from both theoretical and practical convenience. Chapter 1, mainly around the main framework for systemically important financial institutions, and summarize the current main research and methods in the field. Chapter 2, on the basis of relevant literature comprehensive combing, using Co Va R method to analysis the systemic importance of China’s listed commercial banks. In this part, the article collect the listed commercial banks’ stock price data between 2007-2013, due to the risk conduction in the stock market requires a certain time lag, so use the weekly data for empirical analysis, and selecting every weekend closing stock price data for the next calculate processing. According to the calculated yield sequence data for each banks, to use the quantile regression techniques to analysis the importance of Chain’s listed commercial banks, and analysis the empirical results. Chapter 3 by empirical analysis, put forward the related regulation for the systemic important banks of Chain.