商业银行股权投资业务历史沿革、现状及展望研究

On the Historical Evolution,Current Situation and Prospect of the Equity Investment in Commercial Banks

随着经济的下行、金融脱媒的加剧、互联网金融的崛起,商业银行长期依靠制度红利形成的竞争优势不再明显,传统存贷业务走到了转型升级的关口,亟需拓宽业务空间,寻求新的利润增长点。近几年,监管层出台多项政策鼓励商业银行开展投贷联动和债转股等创新股权投资业务,政策的松绑让商业银行股权投资业务有了更多可能。商业银行股权投资业务是机遇与挑战并存,但总体利大于弊,开展股权投资业务是大势所趋。商业银行必须主动应对,找准自身定位,分层次开展股权投资业务;加快布局投贷联动业务,构建核心竞争力;优化部门分工,加强协调能力建设;整合外部资源,提升跨界合作能力;强化风险防范,完善业务流程和制度;推动专业队伍建设,构建人才支撑发展体系,逐渐打造成业务创新能力强、专业人才队伍素质高、风控体系更加完善的金融服务商。

With the economic downturn, the intensifiedfinancial disintermediation, and the rise of the In- ternet finance, commercial banks no longer have great advantage of competition which used to be derived from the dividend system. The traditional deposit and loan business awaits transformation and upgrading, with the necessity to broaden the scope of business and search for new growth points for profit. Policies have been introduced by the regulators in recent years to encourage commercial banks to engage in inno- vative equity business such as joint investment and debt - equity investment. Although the loosening of the policies diversifies the businessesof equity investment, opportunities and challenges still coexist. However, to conduct businesses in equity investment has been an irresistible trend since the advantages outweigh the disadvantages generally. Being precisely self- targeted, commercial banks must take the in- itiative to conduct equity investment business at different levels and accelerate joint investment to build the core competence. The division of labor must be optimized, coordination ability strengthened, external resources integrated, cross -border cooperation enhanced, risk awareness raised, and business processes improved. Professional teams with excellent expertise and innovative capability, plus sound systems of risk control, will generate a more mature financial service provider.