关键词: 国有商业银行 , 财务重组 , 模式比较 , 政策约束

Abstract: In process of the reform of China's stateowned commercial banks initiated by 1998, financial restructuring was not only the starting point of reform but also a key factor which restricted the furthering of successive financial reform. According to the change of sector which was directly responsible for the losses and injected new capital, this article studied the evolution of the financial restructuring modes and its policy restraints. Though MOF and PBOC dominated the restructuring alternatively, financial restructuring between 1998 and 2010 excessively relied on the Big Four banks themselves, which repressed the practical effect of the good/bad bank approach and meant that state-owned banks'restructuring didnt come to an end. It would impact on successive financial reform, such as interest rate liberalization, the transformation of AMC et al.

Key words: state-owned commercial banks , financial restructuring , mode comparing , policy restraints