On the Sensibility of Commercial Banks to Capital Constraints in China
按资本特征将中国商业银行分类，用面板数据分析银行对资本约束的敏感性及中小企业贷款变化，发现不同资本充足率和风险敏感性的银行调整贷款节奏和规模的方式不同。
Basel Accord has been accepted as the guide to manage risks by the banks around the world. Howev- er, when the financial authorities all over the world are executing Basel Accord, there are many unexpected problems, such as the loans to SMES reducing quickly, come out in the real economy, which leads to many doubts on the negative effect of the accord. In this article, the authors firstly divide China's commercial banks into different types according to their capital characteristic and bring out theoretical assumptions on banks risk preferences, and then use panel data to analyze the sensibilities of commercial banks to capital constraints and the changes of loans to SMEs. The empirical results show that, with capital constraints, all commercial banks in China are trending to tighten up the lending to SMEs and the banks, which have different capital adequacy rate and different risk sensibilities to risks, change the pace and scale of loans to SMEs and adjust the risk prefer ences differently. Based on that, the authors bring out the scale and new ways to applying and executing Basel Accord.