中国银行市场化改革效果研究

Analysis of the Reform Effect on China's Banking System

近年来，政府采取了大量措施对银行系统进行改革，包括为三家大型国有银行的注资、引进新的管理机制、引进国外战略投资者等，但目前信贷风险数据及信贷决策侧重所反映出的银行市场化改革的效果依然不清楚。本文分析了自1997—2004年间的信贷风险数据，发现国有商业银行的信贷规模在减缓，但在贷款利率定价上仍然没有差别，银行在做出贷款决定时，似乎并没有将企业的盈利能力考虑进来，同时发现，大型国有商业银行在具有更高企业利润省份内的信贷市场份额在继续减少。

Substantial effort has been devoted to reforming China＇ s banking system in recent years.The authorities recapitalized three large state- owned banks, introduced new govemance structures, and brought in foreign strategic investors. However, it remains unclear the extent to which currently reported data reflect the true credit risk in loan portfolios and whether lending decisions have started to be taken on a commercial basis. We examine data of credit pricing from 1997 through 2004 to look for evidence of changing behavior of the large state - owned commercial banks（SCBs）.