Abstract: Based on the data of listed company in A stock markets in China from year 2005 to 2015, this paper tests whether foreign bank entry affects cash dividend policy.Considering the reality background of China’s property control mode difference, tests whether the property nature’s influence on overall relationship.We find robust evidences that foreign bank entry is positively relevant to both the level and tendency of corporate cash dividend payout, and this relationship is more significant in state-owned corporations. In general, this paper not only supplements the relevant researches of cash dividend policy, but also sheds light on the effect of alleviating on financing constraints of foreign bank.

Key words: Foreign Bank Entry, Cash Dividend Policy, Corporate Governance, Financing Constraints