外资引进战略与中国银行业改革：效率与稳定的权衡

中国金融业的开放更多地具有外生性质,这意味着银行业引进外国资本将面临更大的金融风险;中国银行业改革偏好于外国资本,在客观上导致了政府某些部门或某些地方政府与外资“合谋”瓜分政府长期垄断银行业而形成的特殊利益,而这些利益本应属于中国社会公众;理论研究与实践分析均表明,引入外资尽管可能会提高银行业的微观效率,但这在一定程度上是以损害宏观经济稳定为代价的。中国银行业引进外资必须注意效率与稳定的权衡。谨慎、适度地引进外资是我们当前的合理选择。

The Strategy of Foreign Capital and The Reform of Chinese Bank Industry: The Tradeoff of Efficiency and Stabilization

This paper discusses the strategy of foreign capital from several angle of view,and there are four main viewpoints in this paper: First,the open of Chinese financial industry is exogenous;Second,the reason that Chinese bank industry favor foreign capital is the interest group carve up special interest produced by government monopolize bank industry;Third,to host country,the effect of entry of foreign bank is uncertain;Four,Foreign capital maybe promoting the efficiency of Chinese bank industry,but this will damage the economic stabilization.