中英文资料对照外文翻译文献综述
Chi
a’sBa
ki
gReforma
dProfitability1
ErhChe
gHwaYa
gLei
1I
troductio
TheWorldBa
k1997o
ceclaimedthatChi
a’sfi
a
cialsectorwasthesoftbellyi
theeco
omyFi
a
cialsectorreformhaslo
gbee
arguedas
ecessarytoraiseefficie
cyi
theuseofthecapitala
di
rebala
ci
gtheeco
omytowardco
sumptio
basedgrowthwithoutwhichthecou
try’sgrowthsustai
abilityisi
jeopardyseeLardy1998Prasad2007I
deed
ottoolo
gagoChi
a’sstateba
ksweredeemed“tech
icallyi
solve
t”a
dtheirsurvivalhi
gedsolelyo
the
atio
’sabu
da
tliquidityHoweverafterthelau
chi
gofba
ki
greformstro
gprofitabilityhasretur
edtostatecommercialba
ksrece
tlyButitmaybetooearlytodeclareacompletevictoryo
ba
ki
greformasyetsi
ceChi
esestateba
kshaveembarkedo
thepathofreform
ottoolo
gagoI
additio
theirstro
gfi
a
cialperforma
cehasridde
o
thebackofstro
gbutu
sustai
ablegrowthAsgrowthhasbegu
tosofte
u
dertheweightofaglobalrecessio
i
2008ba
ksareexpectedto
avigatei
amoredifficulteco
omicterrai
tha
hithertoTheaimofthispaperis
ottoevaluatetheeffectofba
ki
greformo
ba
kperforma
cewhichisbettertackledafterthecompletio
ofafullcreditcycleRatherouraimistotakestockoftheprogressi
reformi
gChi
a’sstateba
ksbyreviewi
gtheba
ki
greformstrategya
da
alyzi
gtheirrece
tstro
gpostreformfi
a
cial
performa
cewhichhoweverca
otbee
tirelyseparatedfromreformsefforts
1
ReviewofPacificBasi
Fi
a
cialMarketsa
dPoliciesVol13No22010215236
WorldScie
tificPublishi
gCo
a
dCe
terforPacificBasi
Busi
essEco
omicsa
dFi
a
ceResearchDOI101142S0219091510001925
1
fu
dertake
thusfarThispaperhasthreesectio
sI
Sectio
2wereviewthereformstrategyofChi
a’slargestateba
kswhichisthemai
thrustofChi
a’sba
ki
greformaswellasitsimpleme
tatio
TheSectio
3a
alyzes2007fi
a
cialperforma
cefocusi
go
thefourlargeststatecommercialba
ksthathavefloatedsharesi
themarketI
dustrialCommercialBa
kofChi
aICBCChi
aCo
structio
Ba
kCCBBa
kofChi
aBOCa
dBa
kofCommu
icatio
sBOCOMTheco
spicuousexceptio
isAgricultureBa
kofChi
aABCwhichisstilli
theprocessofrestructuri
gformarketlisti
gata
appropriatetimelaterSectio
4co
cludeswitha
assessme
to
ba
kperforma
ce
2Ba
kReformStrategya
dItsImpleme
tatio
21Ba
kreformstrategy
Beforereformstateba
ksweresolelyow
edbytheStatea
dserved
atio
aleco
omicpolicygoals1Si
cetheywere
otwhollyprofitmaki
gcommerciale
titiescommo
commercialba
ki
gcriteriaforevaluati
gtheirfi
a
cialperforma
cedo
otapplystrictlyNeverthelessassoo
asthecou
trydecidedtoembarkupo
thepathofasocialistmarketeco
omyi
thr