| Chinese large-scale commercial banks have developed instantly with high-speed development of economy of China since 2000 and market-oriented persistent reforming of Chinese commercial banks since 2003.Their various economic indicators,such as scale of assets,total capital ratio,impaired loans/gross loans,profitability etc,continue to do well.They can even be compared to those of some advanced foreign banks in America,Western Europe and Japan.According to the ranking to 1,000 worldwide large banks from 2013 to 2016,made by “the Banker”,ICBC(Industrial and Commercial Bank of China),ABC(Agricultural Bank of China),BC(Bank of China),and CCB(China Construction Bank)has mounted to the front of the world.This forms the new pattern of global banking competition,which is led by four major sections,including Western Europe,America,China and Japan.Nowadays,there are both opportunities and challenges for the future development of our commercial banks against the background of the downward pressure of our economic growth,persistent marketing reforming of interest rate,the innovation of internet finance,the acceleration of internationalization of RMB,One Belt And One Road initiative,and the rapid growth of China's overseas investment.Whether our commercial banks can grasp the opportunities,face the challenges and enhance the international competitive power is an important subject worthy of makinga study.According to the above analysis,the competition of our Chinese banking industry is far more than domestic competition.It must face the challenges from the international banks.Therefore,the international competitive power of our commercial banking industry,behind its beautiful global bank ranking,should be evaluated objectively by the way of finding the problems and shortages in international competition for our commercial banks.The competitive developmental tendency of international banking is supposed to be grasped accurately,and the developmental experiences should be summarized,which can lead our commercial banking to grasp its developmental opportunities,give full play of its absolute competitive strengths,and enhance its absolute competitive weaknesses.This will be of great importance to the sustainable development of our commercial banking industry.Under such background,this paper takes five big state-owned commercial banks as the research object.The studying result of this research is suitable for other types of Chinese-funded banks.This research opened from the defining of commercial banks.Especially,from the economical perspective,it points out that a commercial bankis similar to a “water suction pump”,which is important to the healthy operation of national economy.It has indicated the contribution and the function of commercial banks to substantial economy.Then,“efficiency” and the “competitive power” have been separately defined in this paper.Furthermore,this paper explains the relationship between “efficiency” and “competitive power”.On the basis of the above analysis,a simple reviewing of the development of our Chinese commercial banks since 1978 has been made.Furthermore,progresses of competitiveness made by our commercial banks have been analyzed in the process of this review.Then,the developmental bottlenecks facing our commercial banks have been presented,considering the present economic developmental situation.In order to break through the above bottlenecks and realize the substantial development of our commercial banks,this research selects top 20 as a sample,including both domestic and foreign large banks in the ranking of worldwide banks,made by “the Banks” in 2016 according to banks' tier-1 capital scales.These banks are ICBC,ABC,BC,CCB and Bank of Communications in China and 15 other foreign banks in America,Great Britain,France,Germany and Spain.The assessment indicator system for competitive power has been established to compare the competitive powers of those 20 sample banks.Meanwhile,an empirical studybased on factor analysis has been made by the use of panel data from 2012 to 2016,the result of which is the competitive power ranking of those 20 sample banks from 2012 to 2016 and the ranking of common factors of each study year.The corresponding analysis has been made to the ranking result of this data analysis,Lastly,according to the empirical study,this research attempts to present some enlightenmenton the further promotion of competitive power for our big state-owned commercial banks with the expectation to shed some lights to the future sustainable development of our Chinese commercial banks.Five chapters have composed the whole study on the above analysis.Chapter 1 is to introduce the background,the significance of this topic selection and the research method of this paper.Literature review at home and abroad has been made on theories relative to competitive power and on how to promote the management efficiency of commercial banks.Based on those studies,deficiencies have been attempted to be found.Then,some possible innovations in this research have been introduced with the research difficulties and deficiencies being noted.Chapter 2 is to define commercial banks,analyze the concept of both “efficiency” and“competitive power”,and explain the relationship between“competitive power” and “efficiency”.Chapter 3 is to review the development of our Chinese commercial banks since 1978,and to present the development bottlenecks facing our commercial banks.Chapter 4 is to construct an assessment indicator system,establish the mathematical model of factor analysis,rank the competitive power of the 20 sample banks,and analyze this empirical study result.Chapter 5 is attempted to present some suggestions on the further promotion of competitive power for our Chinese commercial banks.The main features for theoretical research:1.Commercial banks have been defined from the perspective of macroeconomics.They are similar to “water suction pumps”,which are important to the healthy operation of national economy.2.As to most studies of competitive power,only competitive power,commonly,will be defined.But this research puts those two notes(competitive power and efficiency)together,and explains competitive power based on the concept of efficiency.The main features for empirical research:1.There are many researches on competitive power of domestic commercialbanks.Researches on the comparisons between domestic and foreign commercial banks on competitive power are not as common as those between domestic banks.The selecting principle of 20 sample banks is objective and clear.They are selected according to the ranking of worldwide banks,made by “the Banks” in 2016 according to banks' tier-1 capital scales.2.Many domestic researches focus on the data of only 1 year,or at most 3-4 years,whereas this research takes a five-year's panel data as a complete data observation period.3.This research has verified the new pattern of global banking competition from another perspective by the empirical analysis of international competitive power of our large state-owned commercial banks.Further researches need to be studied and explored:1.A more overallassessment indicator system needs to be constructed.The assessment indicator system constructed in this research is limited to financial indicators,although part of them can shed some light to business innovations and philosophies of management of commercial banks.But those indicators could not give anobjective description for external environments of commercial banks,such as the efficiencies of financial regulation,corporate governance structure,environmental elements,etc.How to construct a more overall assessment indicator system? which kind of indicators can be employed to monitor the efficiencies of regulations,the reasonable reforming of corporate governance structure and the influences of environmental elements of the development of commercial banks?How those indicators are constructed at home? What about in foreign countries?Therefore,the above analysis needs to be further studied and explored in consideration of the limited professional knowledge of the author.2.The amount of the samples can be enlarged.In view of focusing on the study of our five big state-owned commercial banks,this research has selected Top 20 commercial banks according to the ranking of worldwide banks,made by “the Banks” in 2016 according to banks' tier-1 capital scales.But the amount of this sample is a little small,which results the checking score of KMO checking is not very high.Thus,the amount of sample banks needs to be further enlarged.3.Further exploration needs to be made about whether our five large state-owned commercial banks can completely stand for other types of Chinese-fund commercial banks. |
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