宁波银行引进境外战略投资者的动因及绩效研究

发布时间：2018-04-10 22:24

本文选题：宁波银行 + 境外战略投资者　；参考：《湘潭大学》2017年硕士论文

【摘要】：中国加入世贸组织之前,国外金融机构迫切期望进入我国,分享我国对外开放和经济增长的成果。国外金融机构在公司治理、风险控制、资产管理、信贷文化等方面均具有一定优势。但我国处于经济转轨时期,整体金融体系不完善、金融市场欠发达、国内商业银行竞争力弱,为避免外资金融机构涌入对国内银行业形成冲击可能引发金融危机,故尔管理当局采取循序渐进、逐步开放的政策,不允许外资银行在国内设立分支机构,仅允许其在一定比例范围内参股中资银行。为化解城市信用社形成的风险、提高城商行竞争力,本世纪初启动的城市商业银行增资扩股工作正好为国外金融机构进入国内打开了一条通道——境外金融业主以战略投资者的身份参股国内城商行,借道进入国内金融市场。1999年国际金融公司投资上海银行,开启了境外金融机构进入国内金融市场的大门。本文以宁波银行引入新加坡华侨银行为例,探究城商行引入境外战略投资者动因及绩效。文章以当时经济形势为背景,从2006年宁波银行引进新加坡华侨银行的准备工作、整体思路、客观原因及主观原因分析,研究宁波银行引入华侨银行的动因;然后用财务数据对宁波银行引入华侨银行的盈利性、流动性、安全性三个角度分析其绩效。选择以宁波银行为案例,其一是因为宁波银行乃有代表性的首批上市城商行之一;其二是因为宁波银行的股权结构符合国有股控股的资本要求。即是说,宁波银行股权结构更为合理,对外资股而言是参股却不控股,宁波银行相对于其他城商行来说其股本结构更符合今后我国城商行引入战略投资者的战略意义。结论:城商行引入境外战略投资者可以提高资本充足率,降低经营风险;能够引进高级管理人才,健全人才机制;能弱化政府控制,拓展国内国际业务;对于城商行的盈利性、流动性及安全性也都存在一定的正向影响。但是,在引进过程中也存在一些问题,比如合作双方经营目标不一致、分散银行控制权、引进绩效不明显等等,所以建议城商行在引入境外战略投资者时应审慎选择战略伙伴,延长与战略合作者合作期限,在此基础上更应该注重提高银行自身的经营效率,而不应该过度依赖境外金融业主。
[Abstract]:Before China's entry into the WTO, foreign financial institutions are eager to enter China and share the fruits of China's opening to the outside world and economic growth.Foreign financial institutions have some advantages in corporate governance, risk control, asset management, credit culture and so on.However, our country is in the period of economic transition, the overall financial system is not perfect, the financial market is not developed, and the competitiveness of domestic commercial banks is weak. In order to avoid the impact of the influx of foreign financial institutions on the domestic banking industry, it may lead to a financial crisis.Therefore, the management adopts the policy of gradual and open step by step, and does not allow foreign banks to set up branches in China, but only allows them to participate in Chinese banks within a certain proportion.In order to resolve the risks of urban credit cooperatives and improve the competitiveness of urban commercial banks,At the beginning of this century, the work of increasing capital and expanding shares of city commercial banks launched at the beginning of this century has just opened up a channel for foreign financial institutions to enter the country-foreign financial owners participate in domestic city commercial banks as strategic investors.In 1999, the International Finance Corporation invested in Shanghai Bank, which opened the door for foreign financial institutions to enter the domestic financial market.Taking Ningbo Bank as an example, this paper explores the motivation and performance of overseas strategic investors.Under the background of the economic situation at that time, the paper studies the reasons of Ningbo Bank's introduction of overseas Chinese Bank from Ningbo Bank in 2006, including its preparatory work, overall thinking, objective reasons and subjective reasons.Then the financial data is used to analyze the performance of Ningbo Bank from three angles: profitability, liquidity and security.One is because Ningbo Bank is one of the first listed city commercial banks, the other is because the equity structure of Ningbo Bank meets the capital requirement of state-owned holding.That is to say, the equity structure of Ningbo Bank is more reasonable, but it is not holding shares in foreign capital stocks. Compared with other city commercial banks, Ningbo Bank's equity structure is more in line with the strategic significance of introducing strategic investors to China's City Commercial Bank in the future.Conclusion: the introduction of foreign strategic investors can improve the capital adequacy ratio, reduce the risk of operation, introduce senior management personnel, perfect the talent mechanism, weaken government control, expand domestic and international business, and improve the profitability of city commercial banks.Liquidity and safety also have a certain positive impact.However, there are also some problems in the introduction process, such as the inconsistent business objectives between the two partners, the dispersion of bank control rights, the lack of obvious performance in the introduction of foreign strategic investors, and so on. Therefore, it is suggested that city commercial banks should carefully select strategic partners when introducing foreign strategic investors.On the basis of extending the term of cooperation with strategic partners, we should pay more attention to improving the management efficiency of banks themselves, rather than relying too much on foreign financial owners.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.33

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