A Study On Sustainable Development Of Policy Banking Under The Restriction Of Financial Resources

This thesis based on the theory of sustainable development and financial sustainable development theory, which is the extension of the theory in the economic and financial fields. Through studying the essential part of this theory, i.e. financial resources and analyzing cases of successful foreign policy banks in detail, the author presents the proposal for the sustainable development of policy banks. Meanwhile, by using several bank-efficiency testing method, the author also analyses the operation efficiency of domestic policy banks and commercial banks, and presents some opinion and strategy about the sustainable development of policy banks.The paper contains following seven parts:The first chapter reviews the research results of financial resources theory, financial sustainable development theory and policy banks theory, constructs the study ideas and framework of this paper.Chapter 2 analyzes the general part and essential part of the financial sustainable development theory, focuses on the effective allocation of financial resources. It also analyzes the allocation efficiency from two different perspectives: 1, the rule of game theory 2, four levels of financial resources --monetary resources, capital resources, system resources and commodity resources.Based on the effective allocation of financial resources, the author compares commercial finance and policy- oriented finance in Chapter 3 and explains the basic character of policy-oriented finance and the necessity of establishment. This Chapter also presents the demands of sustainable development to policy- oriented finance and policy banks.In order to supply useful reference to China, in chapter IV, the author discusses cases of sustainable development and non-sustainable development of policy-oriented finance at home and abroad, focusing on summing up the operating style and development route of four foreign policy banks which is guided by sustainable development theory.Comparing the situation of policy banks in China, the author uses ROE in chapter V to analyze the operating efficiency empirically, points out the problems of policy banks in China.In Chapter XI, the author uses scale efficiency, scope efficiency and X-efficiencyto measure the operating efficiency of domestic policy banks and 14 commercial banks, brings forward some opinion and strategy about the sustainable development of policy banks.Chapter VII is the conclusion of this paper, it also contain the prospects for further research.This paper made some innovative exploration and study in the following aspects:1. Studying the sustainable development problem of policy banks with financial resources, which is a unique perspective;2. Analyzing effective allocation of financial resources from two different points: the rule of game theory and four levels of financial resources: monetary resources, capital resources, system resources and commodity resources.3. Analyzing the operating efficiency of domestic policy banks and 14 commercial banks though scale efficiency method, scope efficiency method and X-efficiency method.4. Using ROE to analyze the operating efficiency of policy banks empirically.