The Administrative Monopoly In Chinese Banking Industry Research Based On ISCP Framework

In recent years,China began to pay attention to the market economy and recognize that the market plays a decisive role in resource allocation.So China decide to gradually break the various forms of monopoly,the development and reform of Chinese banking industry is facing unprecedented pressure and challenges.At present,Chinese banking industry development and reform has reached a critical point,The subsequent development and growth of the banking sector has to involve changing the long-standing administrative control.It is great significance to correctly understand the problems existing in the banking industry and stable development of the national economy and finance.Different from abroad,the monopoly of Chinese banking industry is formed under the special background of the control of our government.The formation of monopoly has a strong institutional factors and belongs to administrative monopoly.However,the traditional SCP analysis framework of industrial organization only applies to the mature market economy system,and Chinese banking industry does not match the actual situation.This paper makes a systematic analysis and research on the administrative monopoly of China's banking industry,which is based on the ISCP framework constructed by Yu Liangchun.This research has a strong theoretical and guiding significance.At first this article collated monopoly,the administrative monopoly,the banking administrative monopoly and ISCP research theory related literature,for the following writing laid a solid theoretical foundation.Secondly,the article expounds the evolution process of Chinese banking administrative monopoly and analyzes the reasons of the administrative monopoly of the banking industry from the four aspects of political system,economic basis,theoretical basis and institutional change preference.This paper focuses on the ISCP framework constructed by Yu Liangchun,and sets up the three indicators which can reflect the degree of administrative monopoly of the banking industry in combination with the characteristics of the banking industry.Through the ISCO framework of Chinese banking administrative monopoly system analysis and measurement,the results found that China's banking industry,a deeper degree of administrative monopoly.As administrative monopoly is illegal defined by Antitrust law,so I analyze the administrative monopoly of Chinese negative impact on the economy from the macro and micro levels.Finally,according to the above analysis,draw lessons from international experience and make a suggestion of banking reform and administrative monopoly regulation.