我国商业银行股本融资现状、问题与对策

The Current Situation,Problems and Strategy of Financing Equity for China's CB

目前我国商业银行股本融资模式主要为股权融资、招募合格战略投资者、发行次级债券、吸引混合资本等,由于股市先天缺陷、金融避险工具和机构投资者不发达致使资本市场容量有限,次级债券和混合资本融资规模太小,商业银行尤其是四大国有商业银行融资受限,开辟多元化股本融资渠道是提升我国商业银行资本充足率以满足监管和市场约束的必然选择。

At present, Chinese CB＇s financing patterns mainly consist of financing through shareholder ownership, qualified foreign strategy investors, subordinated debt, mixed capital etc. As China＇s stock markets have internal defects, financial shielding risk instruments and institution investors are quite common, the capacity of the Chinese capital markets is limited, and the scale of financing through subordinated debt, mixed capital is very small as well. So many problems inevitably come along with China＇s ECB financing in the capital markets. Hence, to broaden ways of financing equity to better the capital adequacy of China＇s CB for satisfying the regulatory and market discipline is our necessary choice.