19782006 200716.7 2006 2007 RIM 2007 Vol.7 No.27 45
46 RIM 2007 Vol.7 No.27 2003 HSBC 1978 2006 2007 WTO 2006
RIM 2007 Vol.7 No.27 47 2003 10 92 95 98 99 4,000 20032006 2003 225 AMC 150
joint -stock companies CBRC 20076.6 2007 85.2 610 2005 2003 2007 400 600 2008 8.2 10,610 85.2 2.8 1,004 8.1 4.5 660 5.3 5.3 151 1.2 0.6 31 0.3 6.6 12,456 100.0 48 RIM 2007 Vol.7 No.27
2007 ROA20050.62007 100 ROE2005112007 1320053545 2005 102005 60 802007 2006 2003 04 05 06 ROA 0.74 0.66 0.70 0.96 ROE 12.00 11.22 12.14 14.06 2.16 2.24 2.33 2.45 18.68 23.64 19.26 18.20 44.70 43.08 43.41 41.97 16.58 5.51 4.90 4.24 66.73 63.13 75.92 91.34 n.a. 10.04 10.42 13.59 Bank of ChinaAnnual Report 2006 2003 200613.59 2006 725.67 3.3611.44 2006 4.24 91.4 ROAROE ROA 20032.162006 2.452006 41.97 RIM 2007 Vol.7 No.27 49
200612.11 2006 3.29 200217 20043.9 2006 82.24 ROAROE20060.9215.0 40 2006 60.87 200610 NTT227 97500 3,500 20032004 2003 04 05 06 ROA 0.70 1.31 1.11 0.92 ROE n.a. 17.70 17.99 15.00 n.a. 2.82 2.78 2.79 4.65 5.68 6.57 8.95 51.46 46.87 45.13 43.97 4.27 3.92 3.84 3.29 n.a. 61.64 66.78 82.24 n.a. 11.29 13.59 12.11 62.51 63.80 61.37 60.87 China Construction BankAnnual Report 2006 2003 04 05 06 ROA n.a. 0.65 0.66 0.71 ROE n.a. n.a. n.a. 15.37 2.59 2.55 2.61 2.39 4.24 5.55 6.14 9.00 38.80 34.00 40.10 36.30 24.24 21.16 4.69 3.79 77.15 76.28 54.20 70.56 n.a. n.a. 9.89 14.05 Industrial and Commercial Bank of ChinaAnnual Report 2006 50 RIM 2007 Vol.7 No.27
RIM 2007 Vol.7 No.27 51 20045,081 2005 8,200 2,460 4,590 99 2,300 200614.05 2003 24.2420063.79 2006 70.56 97 99 2006ROE15.37 ROA 0.712006 36.3 ROA 97 2003
GDP GDP100 2002 2004 GDP 99 2006 69.352.117.2 8.616.5 8.115.4 10 1999 2006 69.3 52.1 8.6 16.5 n.a. 5.9 n.a. 1.9 4.7 0.4 9.3 7.9 8.1 15.4 52 RIM 2007 Vol.7 No.27
11 10 5,000 4,000 3,000 2,000 1,000 0 2002 03 04 05 06 10 112006 9,87482.0 2,687 2006IPO 902003 2005bp.32 2007 31 ROA2005 101.16100 1.38The BankerJuly, 2006 2004CBRC RIM 2007 Vol.7 No.27 53
142-144 Bank of China NewsMarch 22, 2007. 20061028 200628 Asia Wall Street JournalJune 28, 2007. 20063,379 58.41,975 China Banking Regulatory Commission2006 Annual Reportp. 137 10 [2005b] 20 12 GDP 20012005 1,5501 GDP16.2 7,058 GDP12.7 12 54 RIM 2007 Vol.7 No.27
13 3.6 2.0 13.4 1.9 7.2 71.9 14 18 15 12 9 6 3 0 1997 98 99 2000 01 02 03 04 05 1320012005 79.1 14 972000 5.120012005 13.4 15 20042006 1.669,731 3.03 7,237 200620041.2 RIM 2007 Vol.7 No.27 55
15 2004 2005 2006 04 11,854 15,226 19,731 100.0 1.66 4,969 5,241 5,989 30.4 1.21 5,712 8,894 11,796 59.8 2.07 2,652 3,588 3,647 18.5 1.38 673 1,099 912 4.6 1.36 2,387 4,207 7,237 36.7 3.03 China Monetary Policy Report 5,989 20075,100 200677 2006 1,000 20052006 2001 2007 11 2005 2001 16 2001 13 16 56 RIM 2007 Vol.7 No.27
RIM 2007 Vol.7 No.27 57 20012005 3.6 2006 2007 1520 200720 1,4007,300 2007 6.511 143.87 17 20032006
3,8345,827 17.824.0 2006 2.17125.75 2006 8,73620.365,851 17 13 4.071.7714 20066,317 5,76115.9 15 5.021.6116 18 2006 24.019.76 58.1 65.25 2006 1.70.7 18 100 2004 05 06 56,243 97.24 63,219 97.64 73,649 94.97 n.a. n.a. 41,248 65.25 43,313 58.81 n.a. n.a. 12,493 19.76 17,694 24.02 n.a. n.a. 9,478 14.99 12,642 17.17 324 0.56 321 0.50 1,301 1.68 302 0.52 291 0.45 539 0.70 972 1.68 21 0.03 1,418 1.83 645 0.82 934 1.44 0.00 57,841 100.00 64,744 100.00 77,552 100.00 Bank of ChinaAnnual Report 2006 58 RIM 2007 Vol.7 No.27
Universal financial platform BOC BOC InternationalBOCGBOCG InsuranceBOCGBOCG Investment 11 97 12Bank of ChinaAnnual Report 2006p. 107. 13China Construction BankAnnual Report 2006p. 29. 14Ibid., p. 35. 15Industrial and Commercial Bank of ChinaAnnual Report 2006p. 72. 16Ibid.,p. 78. WTO 2006 2005 20061.9 WTO CBRC200617 227420014 25 99 262119 1715 4118624 242 RIM 2007 Vol.7 No.27 59
19 20062921 190 8090 18 UBS UFJADB RBS RBS200510 30.5 UBS BOA25 BOA 8.52BOA 40 1,000BOA 19BOA2006 BOA 17 19 2003 04 05 06 5 6 7 6 24 2.6 23.5 111.9 52.2 190.2 113.9 299 412.9 2.6 23.5 225.8 351.2 603.1 2006 p.148 14.6 GS 60 RIM 2007 Vol.7 No.27
RIM 2007 Vol.7 No.27 61 GS ICBC 2006 20 25
II HSBC 2005 HSBC 20 1421 2007Wholly foreign -owned bank80 3,00095 2007 301,000 HSBSHSBC Investment 2005 112007 HSBC Premier HSBCQFII 2006 QDII 212006 62 RIM 2007 Vol.7 No.27
QDII HSBC 50 19.9 16.812.78 22 HSBC HSBC II HSBC 2006 45 23 20HSBC 2004 2006 20043,200 12 800 20 RIM 2007 Vol.7 No.27 63
HSBC 2006 24 25 33 49 QFIIA QDII 2007 The Second U.S.-China Strategic Economic DialogueQFII 100300QDII 26 17China Banking Regulatory Commission2006 Annual Reportp. 44. 18 [2006]p. 37 1920061031 20HSBC NewsApril 2, 2007. 21HSBC NewsAugust 10, 2006. 22HSBC 40 23HSBC Holdings PLCAnnual Report 2006p. 62. 64 RIM 2007 Vol.7 No.27
24Paulson, Henry M. PaulsonRemarks on the Growth and Future of China's Financial MarketsMarch 7, 2007. 25Ibid. 26Paulson, Henry M. PaulsonRemarks at the Heritage Foundation Lee Lecture: China and the Strategic Economic dialoguejune 5, 2007. 112 27 21 21 RIM 2007 Vol.7 No.27 65
2003 too big to fail 2003 66 RIM 2007 Vol.7 No.27
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11. 2005 12. 2007- No. 07-J- 13. 2006 35-39 14. 2007- - - 15. 2007 16. Hope, Nicholas and Fred Hu2006. "Reforming China 's Banking System: How Much Can Foreign strategic Investment Help, "in International Monetary Fund, China and India: Learning from Each Other, Reforms and Policies for Sustained Growth, IMF, Washington, DC., pp.33-83. 17. Hansakul, Syetarn2007. China's Banking Sector: Ripe for the Next Stage?Deutche Bank Research Current Issues, Frankfurt. 18. Kim, Hyeon Wook and Hyun Song Shin eds.2006 Adopting the New Basel Accord: Impact and Policy Responses of Asia -Pacific Developing Countries, Seoul, Korea: Korea Development Institute. 19. Podpiera, Richard2006. Progress in China's Banking Sector Reform: Has Bank Behavior Changed?WP/06/71, IMF, Washington, DC. 20. World Bank2006. East Asian Finance: The Road to Robust Markets, Washington DC. 68 RIM 2007 Vol.7 No.27