国有商业银行分步重组上市研究  

The Multi-Step Restructuring and Public Securitization is a Practical Choice of State-Owned Commercial Banks while Facing the Challenge by the Accession to WTO

作　　者：朱正元[1] 

机构地区：[1]中国人民银行武汉分行,武汉470071

出　　处：《金融研究》2000年第12期67-72,共6页Journal of Financial Research

摘　　要：加入WTO在即 ,中国国有商业银行如何应对外资银行的冲击 ,已成为政府和金融部门近期普遍关注的首要问题。理论界和政府当局提出了诸多应对之策 ,其中提得较多的是依靠政府权力中心的推动来扩大国有商业银行的规模 ,进而提高竞争能力来应对外资银行的强大冲击。笔者以为 ,外资银行对我国金融业致命冲击不在规模竞争 ,而在体制内部的资本结构和治理结构的竞争。靠规模的联合可以抵御外资银行进入时的初始冲击 ,但抗拒不了外资银行的体制优势带来的长期的持续冲击力。因此 ,分步推进我国国有商业银行的上市重组 。Accompanied by the entry to WTO,the shock of the competion from foreign banks is crucial for China′s financial sector and government.Theoreticians and the government have put forward some from the authorities policies,largely depending on the expansion of the scale of the state-owned commercial banks by the push from the authorities so as to ehance the couspetitiveness of domestic banks This paper believes that the impact doesn′t lie in the scale competition,but in the in-system capital structure and governance.The merge can help local banks manage initial shocks,not the long-run negative impact.Therefore,the phrasal reconstruction and stock issuing publicly for the purpose of reshaping capital structure and governance based on the market economy can be the realistic strategies facing the challenges from the accession to WTO.

关 键 词：国有商业银行 规模竞争 资本结构 治理结构 

分 类 号：F832.33[经济管理—金融学] F832.5