중국 상업은행들의 대출결정요인 연구

To examine previously the possibilities of financial crisis of China becoming issue with the fiscal crisis of Euro zone, this study analyzes lending behavior of commercial Chinese banks. Thus, the study empirically examines on determinant factors for making loans by major commercial banks in China. The related hypothetical variables are adopted as business cycle, managerial conditions of banks, financial market condition, and characteristics of banking industry. We adopt some hypothetical variables based on the previous literatures, and suggest some results after empirical test as follows. First, all loans by Chinese banks, household loan, personal housing loan, and corporate loan, are pro-cyclical. Second, making household loans by Chinese banks is affected negatively from the level of soundness and capital adequacy of banks, and execution of corporate loans is only negatively influenced by soundness level of banks. Third, margin of lending rate meaning obtained gains through applying for the lending rate over benchmarking rate by The Peoples' Bank of China is also significantly determinant factor for making loans. Fourth, the characteristics of Chinese banking industry such as concentration of total assets possessed by a few banks and the development degree of banking industry are also significantly determinant factors for making loans. In conclusion, business cycle, financial market condition, and characteristics of banking industry have significant effect in common on lending in banks, but managerial conditions affect making loans differently depending on the loan type.