According to the report local commercial bank (mainly is the city businesses and farmers businesses all over this year to bring a listed high tide. If the market mechanism fully configured, what kind of enterprise can't do not exist or priority listed problems, as long as meet the basic conditions, any a legitimate business enterprise can be listed (including the adult web site, such as gaming company, as long as they are registered in the management of legal). But China special supervision departments of industry choose to listed actual plays guide/inhibition,new era hats based on this, the author thought the local commercial Banks need not listed, for the following reasons. First, the local commercial bank listed and financial services to the real economy essential requirements in law, will bring excessive financial assets ego inflation. China banking financial institutions have too) : according to the CBRC data, the end of 2011, China banking financial institutions has total assets of 111.5184 trillion yuan, and the national bureau of statistics preliminary estimates of China's GDP in 2011 but 47.1564 trillion yuan, before and after the ratio 2.36, 2003 this ratio is 2.03, increased deviation; China banking financial institutions published the first three quarters of the net profit of 1.6172 trillion yuan, assuming that net profit in the fourth quarter of 2011 compared with the same period increased by 20% (relatively conservative assumption), the annual net profit will is 2.5336 trillion yuan, the Treasury announced 2011 national state-owned and state holding enterprises (including state-owned financial enterprises) realize the profit of 2.25568 trillion yuan, this part of China is not the real economy all, but the backbone, which reflects the entity and the deviation of the virtual economy. Local commercial bank seeking listing would make banking assets jumping growth, and in the scale and the entity on further to deviate from. Of course the bank assets formed the basic entity liabilities, surface will promote the real economy, but China banking a net profit of central African interest income than low, 2011 years ago 3 quarter were 20.8%, 20.7%, 20.1%, that is 80% interest income is to bring, basic is the entity financial expenses, and economic entity formed in profits zero-sum game (if consider tax and transaction cost, is the potential negative game), the Chinese economy overall benefit to no profit. Second, the local commercial bank listed exacerbate Chinese direct financial and indirect financial imbalances and prevent financial deepening. With indirect finance than, China direct financial as small scale, the end of 2011 securities total market value (refers to in the China securities depository and clearing company registration deposit pipe of the securities, including all share A, B shares, authority card, national debt, local debt, QiYeZhai, corporate bonds and convertible bonds, separate convertible bonds, closed-end funds, ETF, LOF and asset securitization product) for 22.53065 trillion yuan, is far less than the same period of 111.5184 trillion yuan of indirect financial scale. Imbalances have history (direct financial development time more short), law (relatively speaking, direct financial developed more for common law area), reality (in comparison, more than the planning system to indirect finance) and so on many kinds of reason, this situation is not beneficial to the whole financial system the benign development. Local commercial bank's batch listed can cause the deteriorated further. Qualitative look, commercial bank listed, will not only make the stock market value and will make banking assets increased increase, the direct and indirect finance with financial expansion, but that expansion is not appearing quantitative symmetrical. The end of 2011, China banking financial institutions data, assets of 111.5184 trillion yuan, the owner's equity for 7.1915 trillion yuan, assets/rights = 15.51, according to 16 to commercial Banks already on the market on January 20, 2012 A shares closing data statistics, the city net rate (market value/net assets) at 1.18-1.82 between, the simple average = 1.41, i.e., the commercial bank estimated market value assets/listed in 10 or so. Commercial Banks can lead to direct financial and listed on the scale of indirect finance sent a scale expansion, imbalance has become more serious. Third, the local commercial bank to be amplified listing of China's banking distribution defect, the little micro enterprises were more adverse financial support. The defect of the Chinese banking is one of distribution is not reasonable, big Banks too much, too big, according to the CBRC data, the end of 2011 111.5184 trillion yuan in total assets, five large commercial bank assets 46.64%, with 12 share-holding commercial Banks (they are the largest assets from Banks will undoubtedly), assets account for 63.07% of market concentration is quite high, and can be roughly classified as place of small Banks city commercial bank assets accounted for only 8.95%. If the selected 10 largest (assets) commercial bank, China five large commercial bank estimates that are in it. China does not need the big bank, there is a small bank. And the local commercial bank for the main purpose of the listed is one of the big Banks to expand into as soon as possible, from on macroscopic to see is the wrong impulse, should not be encouraged. Because information symmetry, cost effective accounting and other reasons, to economic entity enterprise financial support small micro, small Banks are more enthusiasm than big bank, strength more big, if small Banks are expanding into the big Banks,baseball sunglasses small micro enterprise will face is more difficult financing difficulties. And from where have listed bank IPO look, ningbo bank actual raise 4.376 billion yuan, nanjing bank 6.714 billion yuan, Beijing Banks RMB 14.685 billion, an average of 8.592 billion yuan, the equivalent of 10 home listing of the small business RongZiLiang (shenzhen IPO243 home in 2011, and raised funds of 181.042 billion yuan, 745 million yuan per family). Funds in China is still shortages product, such as direct financial resources into the real economy, why give local commercial bank to expect them to support the entity economy, indirect especially small micro enterprises. In short, the local commercial bank listed, except for the shareholding executives and puzzling of strategic investors the favorable, the financial support entity economy, improve direct financial/indirect financial imbalances, the straightening out the distribution of the commercial Banks, strengthening small micro enterprise structure are unprofitable financing channels.

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