The Opening Up Of China's Banking Sector Measure Its Moderation

After the WTO-entry transition period,China's banking industry is now at the vital stage to implement the commitment of fully open.How to precisely describe the industry's current opening-up condition,to grasp the pace,order and mode,and to guarantee the suitability and to serve the financial security and steadiness,are the critical problems to be solved.It is the starting point of this dissertation.First of all,from the perspective of philosophy,this dissertation re-discussed the intension and extension of the banking industry's opening-up,pointed out its objective and essence,and put forward its definition from the aspect of policy and international capital flow view.According to this definition and covering,the dissertation analyzed the influential elements to banking industry's opening-up,selected and built up the Evaluation Index System.Based on the characteristics of the Index System,the Measurement Formula,which was to measure the commitment level and achievement level of banking industry's opening-up,was worked out by using the Analytical Hierarchy Process(AHP) and the Entropy Method.According to the Measurement Formula,this dissertation made analysis and comparisons on the banks of different countries(and regions) from the commitment and fulfillment view.This dissertation classified the opening-up statues into "closed", "lowly open","moderately open","highly open" and "fully open".Then it analyzed the characteristics of different classes and China banks' opening-up processes before WTO-entry,post-WTO transition period and after the transition period.In the following, this dissertation explained the essence of suitability,and built the corresponding Index System and Measurement Formula.By comparing the commitment and the condition,this dissertation gave out the judgment of suitability and estimated the level of the "moderately open" class.Then this dissertation evaluated China banks' suitability of opening-up in the whole process.We concluded that China banks were suitably open, excessively open and suitably open before WTO-entry,post-WTO transition period and after the transition period.In comparison,the commitment and fulfillment opening-up level of China's banking industry were corresponding to the 1980s and the 1960s-1970s of the banks in USA.By analyzing the current condition and explaining the deficiencies during opening-up,our research showed that the opening-up of China's banking industry were still deficient and the development of each element was uneven.Finally,this dissertation compared the path-selection and the international practice of countries and regions in the "moderately open" class,summarized the opening-up conditions, modes and procedures.By analyzing the current conditions,the primary path for China's banking industry opening-up was put forward.This dissertation also provided some policy suggestions about the suitability of banking industry's opening-up.The dissertation is helpful in solving the problems encountered during the opening-up of China's banking industry.It will provide more direct and precise reference to the economic policy making.And it is important to further opening-up strategy and efficient market supervision.Besides,the mathematical model put forward would become a theoretical basis and analytical tool in evaluating the opening-up of financial department.