IMF：Progress in China’s Banking Sector Reform－Has Bank Behavior Changed？

25页　　　　英文　　　　２００６年 Richard Podpiera

国际货币基金组织专家关于中国银行改革成效的评价报告

Contents Page
I. Introduction ............................................................................................................................3
II. Reforms in Two Pilot Banks .................................................................................................4
III. Reforms in Other Banks and Deposit-Taking Institutions...................................................7
IV. Credit Risk and Bank Lending Decisions............................................................................9
A. Reported Loan Performance .....................................................................................9
B. Pricing of Credit Risk..............................................................................................12
C. Bank Lending and Enterprise Performance ............................................................14
V. Conclusions and Issues Going Forward: Creating the Incentives and Infrastructure for
Banks to Operate Efficiently....................................................................................................18
References...............................................................................................................................21
Tables
1. Performance Assessment Indicators for the BOC and CCB..................................................5
2. Nonperforming Loans in Major Chinese Banks ..................................................................10
3. Loan Growth in Major Banks ..............................................................................................12
4. Regulation of Interest Rates for Commercial Banks ...........................................................12
5. Explaining Lending Growth Rate by Province (1997–2004) ..............................................17
6. Explaining Changes of SOB Lending Market Share (1997–2003) .....................................18
Figures
1. Nonperforming Loans in Major Commercial Banks ...........................................................10
2. An Estimate of SCB Credit Quality Based on Reported Data.............................................11
3. Distribution of Interest Rates Charged by Financial Institutions on New Loans ................13
4. Distribution of Interest Rates Charged by SCBs .................................................................14
Box
1. Financial Restructuring of the ICBC .....................................................................................8
Appendix Table
A. 1. Means of Key Variables by Province/Major City...........................................................23