随着中国全面履行扩大银行业的开放承诺、全球金融危机的持续演进以及经济全球一体化的不断深入，中国银行业效率及金融稳定性的相关问题更成为业界关注的热点和焦点。本项目基于银行效率和风险理论、FDI溢出效应和折衷理论，创新性地从金融稳定性和FDI的视角来揭示全面开放格局下中国银行业效率的影响机制，并对其效率进行全面评估。借助随机前沿和单阶段随机前沿拓展模型，结合Z-Score优化方法和FDI溢出效应模型分别解析金融稳定性、总量FDI和银行业内部FDI对中国银行业效率的影响机理；基于此，进一步探讨金融稳定性和FDI对银行业效率的联动机制；结合逻辑推理分析法和归纳分析法，分析金融稳定性和银行业吸收FDI的影响因素及其时变性；进而结合深度访谈法和规范分析法，研究和构建提高我国银行业效率、金融稳定性和FDI利用效率的政策架构。项目的实施将为我国银行业进一步的改革开放和利用外资提供有益的理论依据和决策参考。

With the deepening economic integration companied by more frequent financial crises, issues, such as financial stability, banking competition, regulatory reform, and bank efficiency, have received rapidly growing attention from researchers and regulators. These issues are particularly important for China after the 2008 global financial crisis while approaching the full opening up of the banking sector in 2015 under China's WTO commitments. This study analyses bank efficiency in China from two new perspectives: financial stability and FDI. The former captures the instable feature of the global financial system, while the latter characterises the worldwide economic integration. This study theoretically investigates the mechanism how financial stability and FDI affect bank efficiency in the full opening up era. Employing one-stage Stochastic Frontier Analysis framework, this study then develops models to empirically examine the impact of financial stability and FDI on bank efficiency. We postulate that FDI exerts its influences on bank efficiency through two channels: (1) increased demand for high quality financial services by increased total FDI in China; and (2) the spillover effect of FDI in banking sector. Moreover, using logical reasoning and inductive analysis, this study explores the determinants of financial stability and the banking sector FDI. Based on our empirical results, combined with information collected from semi-structured interviews of bank managers and regulators, this study aims at providing useful information for policy makers when formulating future policies regarding the ongoing banking reform and the effective utilization of FDI.