In this paper, we study different impacts on Chinese banks’ SPV (Special Purpose Vehicle) investment of different impact factors. We employ GMM method to estimate different impacts of above factors by making use of a panel data of 113 Chinese banks’ SPV investment in 7 years. Our sample consists of 5 large commercial banks (LCBs), 8 national joint-stock commercial banks (NJSCBs), 45 city commercial banks (CCBs) and 55 rural commercial banks (RCBs). The heterogeneity analysis on different type of banks shows that: RCBs and LCBs are inclined to circumvent capital requirement by SPV investment but NJSCBs and CCBs are not. | A heterogeneity analysis on SPV investment of Chinese banks
