我国商业银行“惜贷”行为分析

Analysis of "Credit Grudging" Behavior of Commercial Banks in China

产权制度不完善导致的激励-约束机制不对称、商业银行贷款权上收、信用评级体系不完善、对中小企业放贷成本高、中小企业自身存在诸多不足等导致的商业银行"惜贷"行为,不仅阻碍了央行货币政策从金融机构向实体经济的有效传导,导致央行的货币政策意图无法通过商业银行放贷行为及时、有效地传递到实体经济,而且还极大地抑制了我国金融体系的效率。只有彻底破解商业银行"惜贷"瓶颈,才能从根本上提高我国金融体系为企业融资服务及经由信贷渠道传导央行货币政策的效率。

The asymmetry of incentive-restraint mechanisms caused by imperfect system of property rights, loan right of commercial bank , the imperfect credit rating system, the high cost of lending to （small and medium-sized enterprises） SMEs, and the defects of SMEs themselves, are the causes of the ＂credit grudging＂ behavior of commercial banks, which not only hindered the effective transmission of central bank＇s monetary policy from financial institutions to the real economy, with a re-sult that the central bank＇s monetary policy intentions can not act on the real economy through the credit behavior of com-mercial banks timely and effectively, but also greatly inhibited the efficiency of the financial system of China. Only a thor-ough crack of the bottleneck of commercial banks＇ ＂credit grudging＂, the transmission efficiency of the central bank policy through credit channel can be improved fundamentally.