中国商业银行国际化发展模式研究

发布时间：2018-06-20 21:59

本文选题：商业银行国际化 + 发展模式　；参考：《辽宁大学》2013年博士论文

【摘要】：随着经济全球化和金融自由化的发展，国际金融市场全球联动性增强，在全球银行业格局发生变化调整之际，中国商业银行纷纷顺应形势要求，实施跨国发展战略，打造中国银行业国际化发展的未来蓝图。随着我国加入世贸组织5年过渡期的结束，我国金融市场全面对外开放，外资银行获准全面经营人民币业务。大量外资银行进入中国金融市场，设立分支机构或参股中国商业银行经营，市场竞争加剧。我国商业银行必须进一步加快国际化战略转型，加大国际化拓展步伐，增强在国际金融市场的竞争实力。中国经济的持续增长，人民币国际化进程加快，经济危机后海外金融机构市值被低估等因素也为我国商业银行国际化发展提供了良好契机。因此，对于进一步探讨和研究中国商业银行国际化发展问题具有重要的理论和现实意义。银行国际化既是指单个商业银行的跨国发展，又包括整个金融体系从封闭走向开放的过程；既是指本国银行业走出去参与国际竞争，也包括外资银行进入本国金融市场。本文以中国商业银行国际化发展模式作为研究对象，重点研究我国商业银行国际化发展模式选择、业务选择及区域选择等问题。本文的研究注重从理论到实证、从整体到局部的逻辑思维方式，采用了定性分析和定量分析相结合的研究方法，，构建了关于我国商业银行国际化发展的模式效率模型，通过比较分析银行国际化模式对其成本效益的相关性来归纳和演绎我国商业银行国际化发展模式选择等问题。本文通过对我国商业银行国际化发展模式现状、特点及存在问题的分析，明确我国商业银行的跨国经营尚处在起步阶段，主要是通过新建投资模式进入东道国市场。通过对美国、欧洲和日本等发达国家银行业国际化发展模式的对比分析，结合汇丰银行、花旗银行等国际大型银行跨国发展之路的经验借鉴，探讨我国商业银行国际化发展模式选择。从设立成本、机构形式、业务范围、准入限制和风险管理等方面分析了新建投资、跨国并购和合资经营等模式的差异和影响因素。本文综合运用跨国并购理论、引导效应学说、国际投资理论等作为解释中国商业银行国际化成本收益的理论基础，根据研究对象选取指标变量，构建了关于我国商业银行国际化模式效率的数理模型，分别通过DEA模型、Malmquist指数和Tobit模型分析了我国主要商业银行国际化前后效率变化及相关影响因素，比较了不同模式下效率的显著性差异，借此分析影响我国商业银行国际化发展模式的相关要素，探寻适合我国商业银行国际化发展的效率模式。结果显示，目标银行的资金盈利能力、国际化双方经贸水平和相似度、东道国市场的金融监管环境、国际化时机的选择与我国商业银行国际化成本利润率显著相关，是影响我国商业银行国际化战略实施的主要决定因素。近年来国内大多学者对中国商业银行国际化效率问题进行研究，但很少从国际化模式选择的角度分析银行国际化成本收益问题。本文通过对效率模型的修正，基于银行国际化模式选择视角，分别在新建投资与跨国并购模式下分析银行国际化效率变动情况，比较两种模式对银行成本收益的相关性，寻求最优的效率模式。结果显示，虽然我国主要通过新建投资模式进入目标市场，但是跨国并购模式凭借优势互补、资源整合和协同效应有效地降低了准入成本，加速了对东道国市场的本土化经营，是当前国际银行业跨国发展的主流模式。国际金融危机后欧美金融市场陷入低迷，大型国际金融机构市值缩水，而亚太新兴市场经济持续增长，金融市场开放程度逐渐加强。本文在实证分析基础上，结合当前国际金融市场发展态势和我国商业银行国际化发展程度，提出了以跨国并购模式为主、以新建投资为辅、实时地选择合资经营模式的国际化发展路径；提出了“壮大亚洲、巩固欧洲、突破美洲”梯次推进的地域拓展策略；提出了通过混业并购实现我国商业银行综合化经营的业务拓展模式。商业银行国际化发展是一个循序渐进的过程，在不同的历史发展阶段实施的发展战略和拓展模式也各不相同，不能一概而论。总结前文所述，本文提出了推进我国商业银行国际化发展的对策选择：一是要根据区位优势确立地域实施支点，充分利用人民币国际化发展机遇，合理地进行战略布局；二是通过加强与国际银行的合作，引进先进理念和人才，加强产品创新，加快我国商业银行国际化转型；三是加强与监管当局的合作，注重风险的全面管理；四是加强国家对我国商业银行国际化发展的战略引导和政策支持。
[Abstract]:With the development of economic globalization and financial liberalization, the global linkage of the international financial market has increased. In the change of the global banking pattern, China's commercial banks have conformed to the requirements of the situation, implemented the strategy of transnational development, and built the future blueprint for the internationalization of China's banking industry. With the transition of China's accession to the WTO for 5 years At the end of the period, China's financial market is fully open to the outside world, and foreign banks are allowed to operate the RMB business in an all-round way. A large number of foreign banks have entered the Chinese financial market, set up branches or participate in the operation of Chinese commercial banks, and the market competition is intensifying. To strengthen the competitive strength in the international financial market, the continuous growth of China's economy, the acceleration of the internationalization of the RMB and the undervaluation of the market value of the overseas financial institutions after the economic crisis have also provided a good opportunity for the international development of China's commercial banks. Therefore, it is necessary to further explore and study the problems of the international development of China's commercial banks. It has important theoretical and practical significance.
The internationalization of banks refers to the transnational development of a single commercial bank and the process of the whole financial system from closed to open. It refers to the international competition and the entry of foreign banks into the domestic financial market. This paper focuses on the study of the international development model of China's commercial banks. The international development model selection, business selection and regional selection of the commercial banks of China are focused on from the theory to the empirical, from the whole to the local logical thinking mode, and by the combination of qualitative analysis and quantitative analysis, and the model efficiency model about the internationalization of China's commercial banks is constructed. Correlation analysis of bank internationalization model on the cost benefit comparison of inductive and deductive development pattern of the internationalization of China's commercial banks and other issues.
Through the analysis of the current situation, characteristics and existing problems of the international development model of China's commercial banks, it is clear that the transnational operation of the commercial banks in China is still in the initial stage, mainly through the new investment model into the host country market. Through the comparative analysis of the international development model of the national banking industry of the United States, Europe and Japan, the development model of the national banks is made. According to HSBC, Citibank and other large international, Transnational Development Bank Road experience, to explore the internationalization development mode of China's commercial banks. From the cost of establishing a mechanism, form, business scope, access restrictions and risk management and other aspects of the new investment, factors of cross-border mergers and acquisitions and joint ventures mode and influence.
This paper uses the theory of transnational merger and acquisition, the theory of guiding effect and the theory of international investment as the theoretical basis to explain the international cost and benefit of China's commercial banks. According to the selection of the target variables, the mathematical model of the efficiency of the international mode of commercial banks in China is constructed, which are through the DEA model, the Malmquist index and the Tobit model respectively. Based on the analysis of the efficiency changes and related factors before and after the internationalization of the major commercial banks in China, this paper compares the significant differences in the efficiency of different modes, analyzes the related factors affecting the international development model of China's commercial banks and explores the efficiency model suitable for the international development of commercial banks in China. The results show that the target banks are funded. Gold profitability, internationalization of bilateral trade and the level of similarity, the host market regulatory environment of financial internationalization, timing and internationalization of Chinese commercial banks cost profit rate was significantly related to mainly affect the decision of China commercial bank internationalization strategy implementation factors.
In recent years, most scholars in China have studied the international efficiency of China's commercial banks, but rarely analyze the international cost and benefit of banks from the perspective of the choice of international models. This paper, through the revision of the efficiency model, based on the choice of the mode of internationalization of the bank, analyzes the banks in the new investment and transnational mergers and acquisitions model respectively. The international efficiency changes, compare the correlation between the two models, and seek the best efficiency model. The result shows that although our country mainly enters the target market through the new investment model, the transnational merger model relies on the complementary advantages, the resource integration and the synergy effect can effectively reduce the access cost and accelerate the East to the East. Channel localization business market, is the main mode of transnational development of international banking.
After the international financial crisis, the European and American financial markets have fallen into the downturn, the market capitalization of the large international financial institutions is shrinking, and the emerging market economy of the Asia Pacific region continues to grow, and the opening of the financial market is gradually strengthened. China's M & a model is the main way, taking new investment as a supplement, selecting the international development path of the joint venture model in real time, and putting forward the regional expansion strategy of "strengthening Asia, consolidating Europe and breaking through America", and putting forward the business expansion mode of realizing the comprehensive management of China's commercial banks through mixed merger and acquisition.
The international development of commercial banks is a gradual process, and the development strategy and expansion mode implemented in different historical stages are different and can not be generalized. In this paper, the article puts forward the countermeasures to promote the international development of commercial banks in China: first, we should establish regional implementation support according to the regional advantages. The two is to strengthen the cooperation with the international banks, to introduce advanced ideas and talents, to strengthen product innovation and to accelerate the transformation of the international commercial banks in China; the three is to strengthen the cooperation with the regulatory authorities and to pay attention to the comprehensive management of the risks; and four to strengthen the state. The international development of China's commercial banks strategic guidance and policy support.
【学位授予单位】：辽宁大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F832.33

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