Study Of China's Banking Industry Structure And Economic Growth

Bank structure in this paper means banking market structure. Since reform and opening up, as China's banking industry changed from the "unification" of the banking system to the "duality" of the banking system and then to coexisting development of the current state-owned commercial banks, joint-stock commercial banks, city commercial banks, rural financial institutions, China's postal savings banks, foreign investment banks, non-bank financial institutions and other financial institutions, The market structure has changed dramatically: changing from the complete monopoly to the high degree of monopoly of the typical four state-owned commercial banks and then to strong competitive oligopoly. Moreover, what needs to be pointed out is that, due to various reasons, China's banking market structure in different regions has a non-equilibrium development. At the same time, on the one hand China's economic growth and development has made noteworthy achievements, but on the other hand China's economic growth has a non-equilibrium development in this developing countries, the gap in GDP in different regions is sharp and with the trend of expanding. Thus, in the coordinated development of regional economy and building a socialist harmonious society under the new situation, a series of questions will be naturally raised are: (1) What kind of research results at home and abroad can we get in the structure of the banking sector and economic growth, what are their defects and deficiencies, and what're the further research directions? (2) Since reform and opening up, what about the China's banking market structure of the overall situation, regional differences and trends, specifically, how it has been evaluated? (3) What's the relationship between banking market structure in China's various regions and economic growth? Does it relate to the two non-linear relations and regional differences? Is it possible that China's banking market structure could explain the difference in economic growth? (4) Is there existing long-term and stable relationship between the China's regional structure of the banking and economic growth? Does there exist the cause and result relationship? What's the direction of the cause and result relationship? Is there the existence of regional differences of this the cause and result relationship? (5) China's banking market structure and evolution of the regional differences trend are mainly affected by what kind of factors? What are its specific mechanisms and channels? (6) What's its goal orientation of China's banking market structure if it should be optimized? How should optimize the structure of China's banking industry? Therefore, focusing on the range of issues on the structure of China's banking industry and economic growth and based on a scientific and rational study ,this paper, together with the discuss of the relationship between the structure of the banking in China as well as the impact of factors of the system, will provide some targeted and accessible policy recommendations with a view to optimizing the structure of China's banking industry and the structure of the banking, and economic growth and the interaction between the benign interaction benefits.This paper is divided into seven chapters, the logical structure and contents are summarized as follows:Chapter 1 Introduction. This chapter provides the major issues, the presentation of a study, research methods, innovation and inadequacies. And it also provides the summary of the full text.Chapter 2 the literature reviews. This chapter works to answer " What kind of research results at home and abroad can we get in the structure of the banking sector and economic growth, what are their defects and deficiencies, and what're the further research directions?", in other words, this chapter will fully introduce the results at home and abroad on the structure of the banking and economic growth, and objectively evaluate its deficiencies and shortcomings, and on this basis further research directions.Chapter 3 the China's banking market structure studies. This chapter focuses on answering the question " Since reform and opening up, what about the China's banking market structure of the overall situation, regional differences and trends, specifically, how it has been evaluated?", it is in an attempt to use some strong operational indicators to measure the structure of the banking sector in China, the overall situation and regional differences and gives a systematic, scientific and comprehensive study.Chapter 4 the China's banking market structure and economic growth of empirical research, which is based on the provincial panel data estimation. This chapter is to address the main issue of " Is there existing long-term and stable relationship between the China's regional structure of the banking and economic growth? Does there exist the cause and result relationship? What's the direction of the cause and result relationship? Is there the existence of regional differences of this the cause and result relationship? ". Using the deposits and loans' data of the top 4 state-owned banks and all the financial institutions including 24 provinces in china during the period from 1987 to 2004, and with the empirical study on he relationship of the structure of the banking sector and economic growth, it gives the evidence for the two theoretical research from the economic transformation of a developing country.Chapter 5 the empirical study of cause and result relationship of China's banking market structure and economic growth, which is based on the provincial panel data, this chapter is to address the main issue of " s there existing long-term and stable relationship between the China's regional structure of the banking and economic growth? Does there exist the cause and result relationship? What's the direction of the cause and result relationship? Is there the existence of regional differences of this the cause and result relationship?". Using the unit root tests, co-integration analyses and error correction models, the paper investigates the long-term and short-term cause and effect relationship between the banking market structure and economic growth based on a panel data composed of 24 provinces in china from 1987 to 2004. In addition, the paper also explores whether the banking commercial reform made an influence on the long-term and short-term cause and effect relationship between the banking market structure and economic growth. And it also provides policy recommendations which may apply to our developing countries.Chapter 6 An Empirical Study of the impact of China's banking market structure factors, which is based on the provincial panel data estimation. This chapter based on industry economics and macroeconomic theory, focuses on answering the question "China's banking market structure and evolution of the regional differences trend are mainly affected by what kind of factors? What are its specific mechanisms and channels?", based on 1987-2004 data posed by the provincial panel data on the structure of China's banking industry, this study refined on the basis of a number of effective concentration of the banking sector lower structure of the banking sector and narrowing regional disparities policy recommendations.Chapter 7 the norms study of structure of optimization of China's banking industry. This chapter is committed to answering the question "What's its goal orientation of China's banking market structure if it should be optimized? How should optimize the structure of China's banking industry?" it provides a standard research on how to optimize the structure of China's banking industry: first it based on the consensual nature of the structure of the banking sector research results at home and abroad, and then it puts up an orientation for how to optimize the structure of China's banking industry, and then after the conclusions and recommendations in the front sections straightened out, it proposes policies for structural optimization of the China's banking industry...