中國(guó)城市商業(yè)銀行上市研究
發(fā)布時(shí)間:2018-01-07 01:10
本文關(guān)鍵詞:中國(guó)城市商業(yè)銀行上市研究 出處:《遼寧大學(xué)》2016年博士論文 論文類(lèi)型:學(xué)位論文
更多相關(guān)文章: 城市商業(yè)銀行 上市 融資 發(fā)展 策略
【摘要】:從1995年首家城市商業(yè)銀行深圳市城市合作銀行(今平安銀行)成立至今,中國(guó)城市商業(yè)銀行已經(jīng)走過(guò)了20多年的發(fā)展歷程。城市商業(yè)銀行已成為繼五大國(guó)有商業(yè)銀行和十二家股份制商業(yè)銀行之后中國(guó)銀行業(yè)的第三梯隊(duì),是中國(guó)現(xiàn)代銀行業(yè)體系中不可分割的重要組成部分和區(qū)域性金融力量的主體。在這期間,一部分城市商業(yè)銀行借助資本市場(chǎng)實(shí)現(xiàn)了長(zhǎng)足的發(fā)展,城市商業(yè)銀行上市之后資產(chǎn)規(guī)模迅速擴(kuò)張、綜合化經(jīng)營(yíng)穩(wěn)步拓展、品牌形象逐步提升,這對(duì)于現(xiàn)有城市商業(yè)銀行的發(fā)展具有重要的借鑒意義。伴隨著經(jīng)濟(jì)發(fā)展進(jìn)入新常態(tài)(在經(jīng)濟(jì)結(jié)構(gòu)對(duì)稱(chēng)態(tài)基礎(chǔ)上的經(jīng)濟(jì)可持續(xù)發(fā)展),越來(lái)越多的城市商業(yè)銀行選擇在資本市場(chǎng)上市(截止2015年年底在中國(guó)大陸上市的城市商業(yè)銀行有3家,香港上市的城市商業(yè)銀行有7家),加上我國(guó)的上市政策逐步由審批制向注冊(cè)制轉(zhuǎn)變,城市商業(yè)銀行的上市發(fā)展問(wèn)題成為了我國(guó)金融改革重要組成部分,因此,本文選取了中國(guó)城市商業(yè)銀行上市問(wèn)題展開(kāi)研究。本文認(rèn)為,作為區(qū)域性金融主體的城市商業(yè)銀行通過(guò)上市發(fā)展來(lái)實(shí)現(xiàn)自身的健康可持續(xù)發(fā)展,其不僅對(duì)于城市商業(yè)銀行自身有益,而且會(huì)對(duì)地方經(jīng)濟(jì)發(fā)展產(chǎn)生較大的助推作用,這主要體現(xiàn)在兩個(gè)層面:從宏觀經(jīng)濟(jì)金融層面來(lái)看,城市商業(yè)銀行上市對(duì)于地方經(jīng)濟(jì)、金融的發(fā)展具有積極的意義,其不僅有助于提升城市商業(yè)銀行自身的知名度,還能夠帶動(dòng)地方經(jīng)濟(jì)的發(fā)展,尤其是直接助推地方經(jīng)濟(jì)轉(zhuǎn)型發(fā)展,提升其第三產(chǎn)業(yè)在地方經(jīng)濟(jì)發(fā)展中的比重,增加其就業(yè)容納能力并實(shí)現(xiàn)稅收的可持續(xù)增長(zhǎng);從微觀角度來(lái)考慮,城市商業(yè)銀行上市不僅可以促進(jìn)城市商業(yè)銀行自身改革與轉(zhuǎn)型的加速,還能夠增加融資渠道、降低其融資成本、增加信息透明度、提升自身的風(fēng)險(xiǎn)防控能力。本文的創(chuàng)新主要表現(xiàn)在以下三點(diǎn):1、本文選題較新。由于現(xiàn)有的文獻(xiàn)研究多局限于原有經(jīng)濟(jì)金融背景之下的相關(guān)研究,對(duì)于經(jīng)濟(jì)新常態(tài)背景之下,尤其是在三期疊加(增長(zhǎng)速度換檔期、結(jié)構(gòu)調(diào)整陣痛期和前期刺激政策消化期)以及股票發(fā)行由審核制逐步向注冊(cè)制轉(zhuǎn)變、多家城市商業(yè)銀行赴港上市背景之下的城市商業(yè)銀行上市問(wèn)題研究較少。鑒于現(xiàn)有金融框架之下,國(guó)有大型商業(yè)銀行與股份制商業(yè)銀行中的絕大部分已經(jīng)上市,城市商業(yè)銀行作為中國(guó)銀行業(yè)體系中的第三梯隊(duì)和區(qū)域性金融的主體力量,其上市發(fā)展已成為我國(guó)金融深化改革的重要組成部分,因此,本文選擇了這一主題進(jìn)行研究;2、選取的研究角度較新,F(xiàn)有的文獻(xiàn)研究主要集中于微觀層次的研究(主要是一些具體指標(biāo)的變化),本文結(jié)合經(jīng)濟(jì)新常態(tài)背景下城市商業(yè)銀行的具體發(fā)展情況,從宏觀與微觀相結(jié)合的角度對(duì)城市商業(yè)銀行上市問(wèn)題展開(kāi)研究;3、為了避免單一分析方法的局限性,本文采用了多種分析方法來(lái)對(duì)選題進(jìn)行綜合分析。本文運(yùn)用SWOT方法分析了城市商業(yè)銀行上市過(guò)程中面臨的優(yōu)勢(shì)與劣勢(shì)、機(jī)遇與挑戰(zhàn),用比較方法對(duì)已上市城市商業(yè)銀行的收入結(jié)構(gòu)、財(cái)務(wù)指標(biāo)、業(yè)務(wù)指標(biāo)和股價(jià)走勢(shì)變化進(jìn)行了分析,用經(jīng)濟(jì)增加值分析法(EVA)對(duì)城市商業(yè)銀行上市前后績(jī)效變化進(jìn)行了實(shí)證分析,用DEA和面板數(shù)據(jù)分析法對(duì)城市商業(yè)銀行效率變化進(jìn)行了實(shí)證分析。本文的不足之處在于,由于城市商業(yè)銀行上市融資是一個(gè)系統(tǒng)性問(wèn)題,其不僅覆蓋城市商業(yè)銀行的自身發(fā)展,還涉及區(qū)域經(jīng)濟(jì)的發(fā)展和相關(guān)調(diào)控與監(jiān)管體系的轉(zhuǎn)變。本文由于研究時(shí)間所限,對(duì)于涉及到的區(qū)域經(jīng)濟(jì)轉(zhuǎn)型發(fā)展與城市商業(yè)銀行上市轉(zhuǎn)型發(fā)展相協(xié)調(diào)問(wèn)題、相關(guān)調(diào)控與監(jiān)管體系的轉(zhuǎn)變等問(wèn)題還需要在今后的深入研究中繼續(xù)進(jìn)行。本文共分為六章內(nèi)容,具體行文結(jié)構(gòu)如下:第一章為緒論,主要介紹本文的研究背景、意義、理論基礎(chǔ)以及國(guó)內(nèi)外的相關(guān)研究進(jìn)展情況,并對(duì)其進(jìn)行了概括總結(jié),F(xiàn)有的相關(guān)文獻(xiàn)研究主要集中于以下幾個(gè)方面:1、城市商業(yè)銀行的績(jī)效改進(jìn)與效率提升問(wèn)題;2、城市商業(yè)銀行的股權(quán)結(jié)構(gòu)與公司治理問(wèn)題;3、城市商業(yè)銀行的戰(zhàn)略定位發(fā)展問(wèn)題等。文獻(xiàn)中對(duì)于城市商業(yè)銀行的上市發(fā)展問(wèn)題研究有限,尤其是將城市商業(yè)銀行的上市問(wèn)題上升到經(jīng)濟(jì)新常態(tài)和國(guó)家宏觀金融改革背景之下的研究十分有限,因此本文選取這一角度,并綜合運(yùn)用SWOT分析、比較分析、EVA分析、DEA分析和面板數(shù)據(jù)分析等多種分析方法展開(kāi)研究,嘗試從宏觀金融改革和微觀金融轉(zhuǎn)型兩個(gè)層次對(duì)城市商業(yè)銀行上市問(wèn)題展開(kāi)研究。同時(shí)還介紹了本文的創(chuàng)新與不足之處。第二章是對(duì)城市商業(yè)銀行上市進(jìn)行概述。首先,對(duì)城市商業(yè)銀行整體發(fā)展現(xiàn)狀做了分析與總結(jié);其次,對(duì)我國(guó)城市商業(yè)銀行上市歷程進(jìn)行了總結(jié),截止目前,我國(guó)已有10家城市商業(yè)銀行先后在大陸和香港證券交易所上市。再次,介紹了城市商業(yè)銀行上市的目的,包括補(bǔ)充自身資本金、提升自身知名度、優(yōu)化管理層架構(gòu)、提升風(fēng)險(xiǎn)防控能力、實(shí)現(xiàn)地方經(jīng)濟(jì)與金融的良性玎動(dòng)和再融資等等;最后,介紹了城市商業(yè)銀行上市的地點(diǎn)、模式及途徑。地點(diǎn)主要介紹了中國(guó)大陸、香港和美國(guó)資本市場(chǎng)的上市條件,模式主要有單個(gè)銀行上市模式、聯(lián)合重組上市模式和銀行控股上市模式,途徑主要有申請(qǐng)上市和借殼上市。第三章是對(duì)城市商業(yè)銀行上市影響的分析,這一章是對(duì)本文研究?jī)?nèi)容的定性分析。首先,本章分析了上市對(duì)城市商業(yè)銀行自身經(jīng)營(yíng)發(fā)展的影響,主要體現(xiàn)在三個(gè)方面:1、資本資產(chǎn)的擴(kuò)張,2、經(jīng)營(yíng)業(yè)績(jī)的提升,3、品牌示范效應(yīng)的確立;其次,分析了已上市城市商業(yè)銀行對(duì)地方經(jīng)濟(jì)金融發(fā)展的影響;之后,對(duì)城市商業(yè)銀行上市進(jìn)行了SWOT分析,深入闡述城市商業(yè)銀行上市的優(yōu)勢(shì)、劣勢(shì)、機(jī)遇與挑戰(zhàn),其優(yōu)勢(shì)主要表現(xiàn)在自身地域優(yōu)勢(shì)明顯,更加容易獲得地方政府及財(cái)政支持,其特色服務(wù)能夠更好地滿足區(qū)域性客戶的特殊需求等。其劣勢(shì)主要表現(xiàn)在資本實(shí)力較弱和發(fā)展易受地方經(jīng)濟(jì)影響;最后對(duì)城市商業(yè)銀行上市的難點(diǎn)和重點(diǎn)問(wèn)題進(jìn)行了分析與總結(jié)。第四章是對(duì)已上市城市商業(yè)銀行進(jìn)行比較分析,主要包含四方面的內(nèi)容,一是對(duì)收入結(jié)構(gòu)變化情況進(jìn)行比較分析,二是對(duì)財(cái)務(wù)指標(biāo)變化進(jìn)行比較分析,三是對(duì)業(yè)務(wù)指標(biāo)變化進(jìn)行比較分析,四是對(duì)股價(jià)走勢(shì)變化進(jìn)行比較分析。本文認(rèn)為從上市準(zhǔn)備期開(kāi)始已上市城市商業(yè)銀行各項(xiàng)業(yè)務(wù)收入均取得了穩(wěn)定增長(zhǎng),在大陸上市城市商業(yè)銀行比在香港上市城市商業(yè)銀行各項(xiàng)業(yè)務(wù)收入增長(zhǎng)更為均衡且速度更快,非利息收入上升也更為明顯;通過(guò)比較已上市10家城市商業(yè)銀行的存貸比、總資產(chǎn)利潤(rùn)率、資本充足率、不良貸款率、撥備覆蓋率等財(cái)務(wù)指標(biāo)和資產(chǎn)業(yè)務(wù)總額、負(fù)債業(yè)務(wù)總額、中間業(yè)務(wù)總額等業(yè)務(wù)指標(biāo),本文認(rèn)為已上市城市商業(yè)銀行整體發(fā)展情況良好,尤其是在大陸上市的城市商業(yè)銀行發(fā)展相對(duì)更好;上市后各城市商業(yè)銀行股價(jià)走勢(shì)總體較好,多數(shù)穩(wěn)定在發(fā)行價(jià)之上,在大陸上市城市商業(yè)銀行相比之下股價(jià)波動(dòng)更大,在香港上市城市商業(yè)銀行相比股價(jià)走勢(shì)平穩(wěn)。第五章對(duì)城市商業(yè)銀行上市帶來(lái)的績(jī)效與效率變化進(jìn)行了實(shí)證分析。首先,運(yùn)用經(jīng)濟(jì)增加值模型(EVA)分析上市對(duì)城市商業(yè)銀行績(jī)效的影響。通過(guò)分階段進(jìn)行分析發(fā)現(xiàn),2008年之前的EVA回報(bào)率與2008年之后的EVA回報(bào)率出現(xiàn)了較為明顯的分化,在大陸已上市的北京銀行、南京銀行和寧波銀行三家城市商業(yè)銀行中,其上市之后的EVA值出現(xiàn)了更為明顯的上升趨勢(shì),從2007年之后的EVA值與2007年之前的EVA值波動(dòng)性比較中可以看出EVA值在上市之后有加速上升的趨勢(shì),本文認(rèn)為上市對(duì)城市商業(yè)銀行績(jī)效提升具有積極影響。其次,本文運(yùn)用DEA模型并結(jié)合面板數(shù)據(jù)分析法分析了上市對(duì)城市商業(yè)銀行效率的影響。從投入與產(chǎn)出角度并結(jié)合相關(guān)宏觀經(jīng)濟(jì)環(huán)境因素展開(kāi)研究,選取了宏觀與微觀兩個(gè)層面的不同指標(biāo)。經(jīng)過(guò)分析發(fā)現(xiàn),在所選的樣本城市商業(yè)銀行中,上市對(duì)于城市商業(yè)銀行的效率提升具有積極的意義,具體表現(xiàn)在資產(chǎn)規(guī)模增長(zhǎng)、不良貸款率控制、資本充足率提升、總資產(chǎn)收益率增長(zhǎng)和收入結(jié)構(gòu)改善等方面。第六章為未來(lái)城市商業(yè)銀行上市策略選擇。首先,本文結(jié)合前文中的分析對(duì)城市商業(yè)銀行上市的時(shí)機(jī)、地點(diǎn)、模式和途徑選擇給出了相應(yīng)的建議。本文認(rèn)為城市商業(yè)銀行應(yīng)當(dāng)選擇宏觀經(jīng)濟(jì)形勢(shì)、實(shí)體經(jīng)濟(jì)和自身發(fā)展良好且政府支持的時(shí)機(jī)上市;認(rèn)為中國(guó)大陸的資本市場(chǎng)應(yīng)當(dāng)作為城市商業(yè)銀行的首選,一些急于上市融資的城市商業(yè)銀行可以選擇在中國(guó)香港資本市場(chǎng)上市,具有國(guó)際化視角的城市商業(yè)銀行可以考慮選擇在美國(guó)上市;不同實(shí)力的城市商業(yè)銀行應(yīng)當(dāng)采用不同的上市模式,有實(shí)力的城市商業(yè)銀行上市應(yīng)以單獨(dú)上市為主,對(duì)于一些實(shí)力相對(duì)較弱的城市商業(yè)銀行可以嘗試采取聯(lián)合重組上市;認(rèn)為現(xiàn)階段我國(guó)城市商業(yè)銀行上市途徑應(yīng)以申請(qǐng)上市為主,對(duì)于一些實(shí)力相對(duì)較弱的城市商業(yè)銀行可以嘗試采取借殼上市的辦法。其次,本文從內(nèi)部和外部?jī)蓚(gè)方面提出了城市商業(yè)銀行上市應(yīng)當(dāng)采取的配套措施,其內(nèi)部策略包括:完善公司治理結(jié)構(gòu)、改進(jìn)風(fēng)險(xiǎn)管理機(jī)制、規(guī)范引進(jìn)戰(zhàn)略投資者、建立良好的企業(yè)文化等;其外部策略包括:減少地方政府行政干預(yù)、制定合理的經(jīng)濟(jì)金融政策、穩(wěn)定政策預(yù)期等。最后,對(duì)本文所進(jìn)行的研究做出總結(jié)并給出一些相應(yīng)的建議,并對(duì)下一步的研究做出展望。
[Abstract]:From 1995 the first city commercial bank in Shenzhen City Urban Cooperative Bank (now Ping An Bank) has been established, Chinese City Commercial Bank has gone through 20 years of development. The city commercial banks have become the five major state-owned commercial banks and twelve joint-stock commercial banks China banking third echelon, is the subject of modern banking Chinese in the system of the inalienable important component and regional financial strength. During this period, a part of the city commercial bank with the capital market to achieve rapid development, city commercial banks listed assets after the rapid expansion of the scale of integrated management, steadily expanding, gradually enhance the brand image, which is of important significance for the development of the existing city commercial banks. With the economic development in the new norm (sustainable economic development in the economic structure based on the symmetric state), more and more The city commercial banks listed on the capital market (city commercial banks by the end of 2015 in China, listing of 3, the City Commercial Bank of Hongkong listing of 7), the change of China's public policy gradually by the examination and approval system to the registration system and the development of city commercial banks listed, has become an important part of therefore, China's financial reform, this paper selects the problem of Chinese city commercial banks listed research. This paper argues that, as the City Commercial Bank Regional Financial subjects through market development to achieve the sustainable development of their own health, not only for the city commercial banks benefit and will generate great help for the local economic development. Is mainly reflected in two aspects: from the aspect of financial macroeconomic point of view, the city commercial banks listed on the local economy, it has a positive significance to the development of Finance , which not only helps to enhance the visibility of the city commercial bank, but also can promote the development of local economy, especially the development of local economy transition directly boost, improve the third industry is in the local economy development, sustainable growth capacity and increase their employment tax; from micro perspective, commercial city banks can not only promote the acceleration of city commercial banks reform and transformation, but also to increase financing channels, reduce financing costs, increase the transparency of information, enhance risk control ability of innovation itself. This paper mainly in the following three points: 1, the topic is new. Because the existing literature research related research Limited under the existing economic and financial background, the background of the new economic norm, especially in the three overlay (the growth rate of the schedule change, structural adjustment pains and early stage The stimulus digestion period) and the stock issued by the audit system gradually changes to the registration system, the problem of city commercial banks listed less number of city commercial banks listed in Hong Kong under the background. In view of the existing financial framework, large state-owned commercial banks and joint-stock commercial banks in most of the city commercial bank has been listed as Chinese the banking system in the third echelon and the main force of regional financial development, the market has become an important part of China's financial deepening reform, therefore, this paper chooses this topic research; 2, select the angle of new research. The existing literature mainly focused on the micro level (mainly changes of some specific indicators), combined with the specific situation of the development of city commercial banks in the background under the new economic norm, from macroscopic and microcosmic angle of city business Study on problems of banks listed; 3, in order to avoid the limitation of single analysis method, this paper adopts various analysis method to make a comprehensive analysis of the topic. This paper uses SWOT method to analyze the advantages and disadvantages are listed in the process of city commercial banks, the opportunities and challenges, by means of comparison of the income structure, listed commercial city the bank's financial index, business index and stock price are analyzed, with economic added value analysis (EVA) on the change of the performance before and after the city commercial banks listed on the empirical analysis, using DEA and panel data analysis method of city commercial bank efficiency change was analyzed. The shortage of this article is, due to the city listed commercial bank financing is a systemic problem, which not only covers the city commercial bank's own development, but also relates to the development of the regional economy and the related regulation and supervision The change of system. In this paper, due to the limitation of research time for restructuring and development of listed related to regional economic transformation and development of city commercial banks in coordination problems, issues related to regulation and supervision system changes also need to continue to carry out in-depth research in the future. This paper is divided into six chapters, the specific structure of this paper is as follows: the first chapter is the introduction, mainly introduces the research background, the significance of this paper, the progress of related research at home and abroad as well as the basic theory, and has carried on the summary of related literature. The existing research focuses on the following aspects: 1, improve the city commercial bank's performance and enhance the efficiency; 2, equity structure and company governance of city commercial banks; 3, the city commercial bank's strategic positioning and development issues. The literature for city commercial banks listed on the development limited, especially The research of listed city commercial banks rose to under the background of the new economic norm and the national macro financial reform is very limited, so this thesis chooses this angle, and the integrated use of SWOT analysis, comparative analysis, EVA analysis, DEA analysis and panel data analysis and other analysis methods in the research, try to study the problem of City Commercial Listed Banks from the macro and micro finance financial reform transformation of two levels. It also introduces the innovation and shortcomings of this paper. The second chapter is the city commercial banks are summarized. First, the city commercial banks overall development status were analyzed and summarized; secondly, on China's City Commercial banks listed on the course are summarized and until now, China has 10 city commercial banks have listed on the mainland and the Hongkong stock exchange. Once again, the city commercial banks listed on the objective, Including its own capital, enhance their visibility, optimize the management structure, improve risk control ability, to achieve local economic and financial benign and refinancing and so on; finally, the city commercial banks listed on the site, the mode and approach. Mainly introduces the location, Chinese, Hongkong and the United States capital market conditions the market model is the main single bank listing mode of joint reorganization of listed holding listed bank mode and mode, the main way to apply and backdoor listing. The third chapter is the analysis of the effect of the listed city commercial bank, this chapter is a qualitative analysis of the contents of this paper. Firstly, this chapter analyzes the influence of the listed business city commercial bank's development, mainly reflected in three aspects: 1, capital asset expansion, 2, operating results improved, 3, brand demonstration effect was established; secondly, analyzes the Influence of listed city commercial banks to finance the development of the local economy; after that, the city commercial banks listed by the SWOT analysis, further elaborated the city commercial banks listed on the strengths, weaknesses, opportunities and challenges, its advantage is mainly manifested in its geographical advantages, easier access to local government and financial support, the special services can better to meet the special needs of regional customers. Its main disadvantages are the capital strength is weak and vulnerable to local economic development; at the end of the difficult and key problems of city commercial banks listed are analyzed and summarized. The fourth chapter is the comparative analysis of the listed city commercial banks, mainly includes four aspects, one is the a comparative analysis of the change of income structure, the two is the comparative analysis of financial indicators of change, three of the business indicators for comparison and analysis, The four is to make a comparative analysis of stock price changes. This paper argues that from the listing preparation period has been listed city commercial banks business income achieved stable growth in the mainland listed city commercial banks into a more balanced and faster than listed city commercial banks in the business income growth in Hongkong, non interest income increase is more obvious; by comparing the 10 listed city commercial bank loan ratio, total assets profit rate, the capital adequacy ratio, non-performing loan ratio, provision coverage and other financial indicators and business assets total liabilities total business, intermediate business total business indicators, the listed city commercial banks overall development situation is good, especially in the mainland listed City Commercial Banks relatively better development; after the listing of the city commercial bank stock prices are generally good, most stable above the issue price, the The listed city commercial banks compared to stock price fluctuations larger, listed in Hongkong City Commercial Bank compared to the share price trend is stable. The fifth chapter makes an empirical analysis on the performance and efficiency of changes in the listed city commercial banks. First of all, the use of economic value added model (EVA) to analyze the influence on the performance of listed city commercial banks were analyzed. Found by stages, before 2008 and after 2008 the rate of return of EVA EVA rate of return has obvious differentiation, has been listed on the mainland bank of Beijing, Bank of Nanjing and Bank of Ningbo, the three city commercial banks, after the listing of the EVA value appeared more obvious upward trend, volatility in comparison we can see that the EVA value has accelerated the trend of rising in 2007 before and after the listing of EVA value from 2007 after the EVA, this paper argues that the listed on the performance of city commercial bank has upgraded Positive effect. Secondly, this paper uses DEA model and combining with the panel data method to analyze the impact on the efficiency of listed city commercial banks. From the point of input and output and combining with the macro economic environment factor research, select a different macro and micro indicators of the two level. After analysis, the selected samples of the commercial city in the bank, listed on the city commercial bank efficiency promotion has a positive meaning, the growth in the size of assets, non-performing loan ratio, capital adequacy ratio, return rate of total assets growth and income structure improvement. The sixth chapter is the future of city commercial banks listed strategy. Firstly, this paper analyzes the the city commercial banks listed on the timing, location, mode and way of selection and corresponding suggestions are given. This paper argues that the city commercial banks should choose macro economic form The economic potential, the listed entity and its own development and good government support time; that China, the capital market should be the preferred city commercial banks, city commercial banks are eager to financing can choose China listed on the Hongkong capital market, city commercial banks with international perspective can be taken into account in the United States listed City Commercial Bank; the strength should adopt different listing mode of city commercial banks have the strength of the listed should be listed separately for city commercial banks, some relatively weak can try to take joint reorganization; that at the present stage of China's city commercial banks listed way should apply for the listed city commercial banks, for some relatively weak you can try to take the backdoor listing of the way. Secondly, this paper from the two aspects of internal and external. City commercial banks listed on the supporting measures should be taken, including its internal strategy: improve the corporate governance structure, improve risk management mechanism, the introduction of strategic investors, establish a good corporate culture; including its external strategy: reducing the administrative intervention of local government, make reasonable economic and financial policies, stable policy is expected. Finally, make the summary and gives some suggestions of the study, and make a prospect for the next research.
【學(xué)位授予單位】:遼寧大學(xué)
【學(xué)位級(jí)別】:博士
【學(xué)位授予年份】:2016
【分類(lèi)號(hào)】:F832.33
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本文編號(hào):1390326
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