On the morning of November 23, at the invitation of the college, researcher Yang Xiaoguang, deputy director of the Institute of systems science of the Chinese Academy of Sciences and director of the National Key Laboratory of management, information and decision making, made an academic report for the teachers and students of the college entitled rise of Bank competition: evidence from banking regulation in China. Some of our teachers and graduate students of 2018 and 2019 financial science attended the lecture. Professor Ling Aifan, vice president of the school of finance, presided over the lecture.
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At the beginning of the lecture, researcher Yang Xiaoguang pointed out that the theme of today's speech is to take bank competition as the starting point to explore the impact of bank competition on society, enterprises and banks. Later, researcher Yang Xiaoguang led the teachers and students to trace back the development history of China's banking industry. He said that before 2006, China Banking Regulatory Commission stipulated that each city of joint-stock commercial banks should set up at most one, and the establishment should be approved by the central government and limited by the number of branches. Until April 2009, the CBRC carried out the banking reform, and the joint-stock commercial banks were not restricted, so they did not need the approval of the central government, only the approval of the local CBRC. This change greatly promotes the competition between the joint-stock commercial banks and the five state-owned banks, and then stimulates the business innovation of the joint-stock commercial banks. Then, researcher Yang Xiaoguang pointed out that since the reform of banking system in 2009, China's banking industry has entered the competition situation of small and medium-sized banks. In order to study the effect of this policy, researcher Yang Xiaoguang used did model to test the effect of quantitative policy. Later, researcher Yang Xiaoguang showed us the curve of bank assets / GDP after the reform of banking system, and talked about the curve structural changes after the reform.
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Finally, researcher Yang Xiaoguang analyzed the impact of credit effect change on enterprises, pointing out that the impact of credit effect change on state-owned enterprises and private enterprises is heterogeneous, especially private enterprises. Since the reform, the financing service of joint-stock commercial banks to private enterprises has greatly improved. The reform of banking system gives joint-stock commercial banks an opportunity to develop and compete, which makes the five state-owned banks in a passive position. In order to further promote the development of the banking industry, researcher Yang Xiaoguang pointed out that deepening the reform must be carried out to the end. In addition, he also proposed to update the performance evaluation system of the bank, improve the management system and deepen the reform of the system. At the end of the lecture, researcher Yang Xiaoguang had a positive interaction with the teachers and students present, which opened up a new way for the academic research direction of the teachers and students. |
