Research On The Commercial Bank's Corporate Governance Under The Background Of Introducing Strategic Investors

In 1996, China Everbright Bank introduced Asia Develop Bank and became the first bank absorbing international capital. Since then, there are many city commercial banks, joint-stock banks and state commercial banks introducing strategic investors in the way of share equity. Up to October in 2006, there are 9 listed commercial banks in China, that is, Shenzhen Development Bank, Shanghai Pudong Development Bank, China Merchants Bank, China Minsheng Bank, Huaxia Bank, China Construction Bank, Bank of Communication, Bank of China and Industrial and Commercial Bank of China. Except China Merchants Bank, other banks have introduced strategic investors. We can see that it has been a trend for Chinese commercial banks to improve corporate governance and advance performance by introducing strategic investors, especially foreign strategic investors. The paper discusses and studies how the strategic investors affect banks'corporate governance. It takes Chinese listed banks as research objectives and manages to explore whether the introduction of strategic investors promotes the performance of banks. Finally, we provide theoretical evidence on the policy of China's listed banks introducing strategic investors.Using the corporate governance theory, this paper analyzes how strategic investors affect the corporate governance and performance of the listed banks from the perspective of Chinese listed banks. On the basis of scientifically defining the strategic investor and corporate governance of commercial bank, the paper, from the two angles, that is, strategic investors and listed banks, analyzes the needs and feasibility of Chinese listed banks introducing strategic investors.Finally, according to the theoretical analysis on China's listed bank introducing strategic investors, the paper puts forward relevant policy recommendations. The paper provides the necessary theoretical support for the behavior that Chinese listed banks introducing strategic investors.