稳中求进:倒计时阶段银行业改革的路径选择

Stable but Progressing:Route Selection of Banking Reform in Its “Countdown” Period

传统的SCP范式以及微观经济理论均认为一个竞争程度越高的市场结构将越有利于社会福利的改进和行业微观绩效的增加,因此市场集中度过高,曾被主流理论认为是中国银行业效率低下的罪魁祸首。但通过引入外部竞争的绩效改善效果却很不理想。本文将在此基础上说明运用SCP框架来解释银行业的市场结构问题并不合适。我们认为在全面开放金融业的背景下,中国银行业保持一定的集中度是必要的。银行业改革的一个目标取向应该是维持金融稳定和改善绩效。

The orthodox SCP analytic frame and the classical micreoconomie theory in, care that the moro competitive a market structure, the better social welfare and performance of industries. So they believe that the high market concentration is the main cause for the low efficiency of China＇s banking sector. However, the external competition does not improve performance significantly. In this paper, we will conclude that the SCP analytic frame is not suitable for banking sector. Under the present situation, it is necessary to maintain a certain degree of concentration. An orientation of financial reform is to maintain financial stability and improve performance.