中国政策性银行国家补贴依赖程度测算--兼论其商业化转型条件  

Quantifying the State-subsidy Dependence of Policy Banks in China:the Condition of Their Commercialized Transformation

作　　者：陈森[1] 袁乐平[1] 贾健[2] 

机构地区：[1]中南大学商学院,湖南长沙410083 [2]中国人民银行南昌中支,江西南昌330008

出　　处：《金融研究》2012年第11期128-137,共10页Journal of Financial Research

摘　　要：测算政策性银行对国家补贴的依赖程度不仅能真实反映其经营成果,也为其商业化转型提供了量化的判断依据。本文以机会成本为基础,将国家信用担保和不以盈利为目的的资本金视为国家对政策性银行的隐形补贴,测算了政策性银行对国家补贴的依赖程度。研究结果显示,国家开发银行虽已转型,但对国家补贴仍有较高的依赖程度,建议适当延长过渡期;进出口银行对国家补贴的依赖已经消失,可以考虑鼓励其商业化改革;农业发展银行政策性使命还较为艰巨,对国家补贴的依赖程度较高,自身尚不具备商业化运营的条件。Accurately quantifying policy banks＇ state - subsidy dependence is not only important to knowledge their operating results, but also to judge whether they meet the condition of commercialized transformation. This paper regards national credit and non - profit national capital as invisible state - subsidy for policy banks, and estimates the three policy banks＇ state - subsidy dependence in China. The result suggests that it＇s too early to reibrm DBC, because it is heavily depending on state subsidy now. EBC＇s dependence on state subsidy is disap- peared, and the government should consider it to commercialized transform. ADB＇s subsidy dependence is the heaviest of the three banks, and it may undertake the most policy business.

关 键 词：政策性银行国家补贴补贴依赖指数商业化转型 

分 类 号：F832.3[经济管理—金融学] F224