Quantifying the State-subsidy Dependence of Policy Banks in China:the Condition of Their Commercialized Transformation
将国家信用和非营利性国有资本视为隐性国家补贴，估算了中国三家政策性银行的国家补贴依赖程度，发现国家开发银行补贴依赖严重，进出口银行已消失，农业发展银行最重，为商业化转型提供判断依据。
Accurately quantifying policy banks' state - subsidy dependence is not only important to knowledge their operating results,but also to judge whether they meet the condition of commercialized transformation.This paper regards national credit and non - profit national capital as invisible state - subsidy for policy banks,and estimates the three policy banks' state - subsidy dependence in China.The result suggests that it's too early to reform DBC,because it is heavily depending on state subsidy now.EBC's dependence on state subsidy is disappeared, and the government should consider it to commercialized transform.ADB's subsidy dependence is the heaviest of the three banks,and it may undertake the most policy business.