中国银行业的市场竞争特性——基于PR模型的分析  

An Analysis of the Market Competition Characteristics of Chinese Banking Industry

作　　者：彭欢[1] 孙丽璐[1] 谭建伟[1] 

机构地区：[1]重庆理工大学经济与贸易学院,重庆400054

出　　处：《经济管理》2012年第11期74-83,共10页Business and Management Journal ( BMJ )

基　　金：国家社科基金项目"马尔科夫链抽样方法的金融市场随机波动的联动性及预警机制研究"(10BJL020)

摘　　要：本文运用中国100家不同类型银行的面板数据,使用PR模型研究了中国银行业竞争的特性。结果表明,中国银行业总体上呈现垄断竞争的格局,市场竞争的变化不是单一的,与宏观经济的景气度正相关。四大国有银行间的竞争具有显著的完全竞争特点,这主要归因于中国对银行业实行的"以国家的名义垄断,以市场的身份竞争"政策,非国有银行在处理"软信息"方面的比较优势,使得非国有银行之间的竞争呈现出较强的地区差异。随着改革的深入,中国银行业已经开始呈现出在表外金融服务细分市场上运作的专业化、非国有银行和四大国有银行并肩齐驱的格局。The reform path of the gradual deregulation in China＇s banking sector differs from that in the western countries. Does this difference in the deregulation process necessarily lead to a difference between the market com- petition among banks in China and competition among banks in the western countries？ If there are differences, what could have caused them？ Since deregulation changed the market competition structure, whether there are differ- ences between the competitions among banks with different ownership property？ In other words, is the competition among the state-owned banks different from the competition among non-state-owned banks？ What could have led to these differences and what behavioral gap are hidden behind these different market competitions due to different ownership structure？ The answer to these questions helps to better understand the essence of the reform in China＇s banking industry and also contributes to the policy-making. Employing the globally-popular Panzar-Rosse model （ PR Model） in measuring the competition of the banking industry, this paper applies the panel data of 100 Chinese banks to study the competition characteristics of China＇s banking industry. The empirical study presents a monopolistic competition in China＇s banking industry with the four big state-owned banks dominating. The competition in China＇s banking industry is positively correlated with the prosperity degree, while the gradual deregulation significantly strengthens competition. From 1994 to 2000, market competition of the industry showed little increase. From 1997 to 1999, the market competition even dropped. After the accession to WTO, from 2001 to 2007, market competition increased remarkably. Despite the fact that the world financial crisis in 2008 caused a slowdown in China＇s economic growth, China Banking Regulatory Commis- sion （CBRC） approved cross-regional business operating in the same year, which fundamentally changed the exist- ing market structure and maintained the ever-incr

关 键 词：放松管制 市场竞争 PR模型 

分 类 号：D43[政治法律—政治学] G18[政治法律—国际共产主义运动]