外资参股对中国银行业的影响——基于面板VAR模型的动态检验

Impact of Foreign Equity Participation on Chinese Banking——A Panel VAR Model of Dynamic Testing

引进外资、股权多元化是中国银行体系基础设施建设的重要举措,从我国上市商业银行的实证结果来看,外资参股率与资产收益率之间呈显著的正相关;外资参股比例能显著提高商业银行利息净收入,但外资的进入短时期并没有引起公司运营效率的改善。长期来看,外资参股可能带来公司治理的改善从而带来成本效率的提升。今后在完善相关立法和审慎监管的基础上,稳步推进本土化银行和外资机构在制度、技术创新和文化等方面的全面融合,由此提高我国商业银行的核心竞争力。

Attracting foreign investment and equity diversification is an important initiative for Chinese banking development.Empirical results of Chinese listed commercial banks show that the foreign equity participation is positively significantly correlated with return on assets,that foreign equity participation proportion significantly increases the net interest revenue for commercial banks,while the effects of foreign equity participation on corporate performance tend to be seen in the long run instead of short run.Recommendations are made concerning steady promotion of the full integration of local and foreign banks in terms of systems,technical innovation and culture to enhance the core competency of China comercial banks.