中国银行业引入境外战略投资者策略研究

On the Strategy of Introducing Strategic Investors into Chinese Banking Industry

面对境外战略投资者纷纷进入中国银行业,管理层应当如何应对?本文基于我国14家上市银行1992—2007年的面板数据,对境外战略投资者对国内银行业的影响进行了实证研究。结果表明:随着外资银行进入程度的加深,参股银行的比例不断提高,银行的资产收益率、权益收益率等盈利指标呈现先下降后上升的"U型"特征。据此本文提出,为更好地实现引资的效果,相比扩大25%的"红线比例",修改5%的下限比例将更具实际意义。

What should the government do facing the foreign strategic investors enter into Chinese banking industry？ Based on the panel data of 14 listed banks in China from 1992 to 2007, this paper examined the effect of foreign investor＇s participation in domestic banking markets. The results show that the relationship curve between shares of foreign investors and ROA or ROE is Ushaped. We suggest that compared with adjust the 25% upper level, the bank industry can benefit more from adjusting the 5% lower level.