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1、AbstractAfterthethirdplenarysessionofthe18thsessionoftheNationalPeople'sCongress,Chinawilldeepenit’sfinancialreform.Bankingsector’sreformisespeciallyimportantasit’sthepillarofChina’sfinancialindustry.Themarketizationofinterestrateandglobalcompetitionw
2、hichcausedbyeconomicintegrationwillbringhugechallengetoChina’sbankingindustry.Alongwithchallengeareopportunities.FiguringoutourweaknessandpursuingdevelopmentduringreformwillmakeChinesebanksbetter.TheessayfiguresoutChina’sbankingsector’sproblemandgapby
3、comparingthecostbetweenChineseandAmericanbanks.Bydongthis,thedissertationmakessuggestionsforbanksandit’smeaningfulforChina’sfinancialreformandeconomicdevelopment.Theessayusedirectandefficiencycomparisonmethod,efficiencycomparisonmethodincludeHSBC’smet
4、hodandSFA(stochasticfrontieranalysis)method.ThedirectcostcomparisonmethodcomparesfiveAmericanbanks(BankofAmerica,JPMorgan,Citigroup,WellsFargoandHSBC)witheightChinesebanks(ICBC,ABC,BankofChina,CCB,BankofCommunication,CMBC,SPDB,(ChinaMinshengBankingCor
5、p),referingto6years’annualreportofeachofthebanks,classifyingandcomparingthedatatogetconclusion.ThemostimportantconclusionisthatthecostofinterestinAmericanbanksaregrowingwhilenon-interestcostisdecliningincontrasttoChina’sgrowingproportionofinterestcost
6、.ThisfurtherconfirmsthenecessityofChinabankingsector’sreform.HSBCcostefficiencycomparisonmethodmeasures(percentage)totaloperatingexpensesdividedbynetoperatingincomebeforeloanimpairmentandothercreditriskprovisions(thetotaloperatingexpensesdoesnotinclud
7、efeesanddefaultlosswhilenetoperatingincomeisoperatingincomeminusloanimpairmentandpolicyholderbenefitandclaim).Bycomparison,theessayfindsoutthatthepercentagenumberofAmericanbanksarehigherbecauseoffinancialcrisisin2008andexpansionrequirementwhiletheperc
8、entagenumberofChinesebanksarelowerbecauseofnotenoughaccesstointernationalmarketwhichreflectthenecessityofChinesebanks’“goingout”policy.SFAmethodinvolveseconometricsandmathematics,whichprevailsininternationalacademiccommunity.Bythismethod,thees
