The International Path Research Of China Commercial Bank

In the process of everything development, path selection decides their success or failure. Path selection is influenced by itself and many other factors that the existence and development of things to influence. By using scientific theory and methods and combining with the results of empirical research, the path of things development can be selected correctly, and to decide things forward direction.With the rapid development of world economy, the internationalization of production and the globalization of trade are growing trend, the flows of international finance and capital is more and more frequent, and the scale is bigger and bigger, with the development, cross-border management of commercial banks has become increasingly common. Hundred years, especially since the eighties of the twentieth century, due to governments relaxing the control of the financial system and taking the development policies of financial liberalization, during the international trade and the process of the export of capital, there is a large number of multinational operations of commercial banks, such as Citibank, HSBC, Bank of America, Mitsubishi Bank in Europe, America and Japan and other developed countries, which branches are all over the world, business related to the areas of national economies, and forming the transnational business networks, so international operations of commercial banks is an important manifestation and content of financial globalization. China's accession to WTO means that China economic integrates with the world economy much closer, which will promote financial activities of China's commercial banks as the mainstay across borders, from the local regional traditional business activities to global, innovative business activities. Meanwhile, according to the principle of reciprocity and transparent policy information of WTO, and many foreign commercial banks have begun to get involved in our economy area and carry out various operations, that is, China financial markets has actually become an important part of the financial markets in the world. Faced with increasingly fierce competitive environment, in order to withstand risks and improve profits, China's commercial banks has started to international business, which is in line with the current trend and the inherent requirement of the law of economic development, has strategic significance to the development of China's financial industry. That is, international issues of commercial banks have been of great urgency. Therefore, it is necessary to in-depth study the path selection of internationalization of commercial banks.China's commercial banks to build world-class banks in the international development must have a clear international strategy and, effectively decomposed and concrete, and to maintain the growth must select careful and cautious path rather than the opportunistic ways and means by balloting. According to the connotation of banks internationalization, internationalization path of commercial banks can be decomposed into the organizations internationalization path, the business internationalization path and the management internationalization path, meanwhile, organizations internationalization path can be further broken down into shares borders and regional markets selection, the business internationalization path can be further broken down into business selection and industry selection, and management internationalization, more complex internationalization, covering finance, corporate governance, risk control, personnel training, and many other content, taking into account facing the reality of commercial banks in the international decision-making selection in this paper, this part of the multi-part follow-up, do not elaborate. Therefore, according to the contents of internationalization of commercial banks, this paper extracts 4 issues that they can not be avoided when the bankers make international decision. Specifically, in the paper, internationalization path of commercial banks is under the guidance of the overall international development strategy to choose different ways and strategy to complete multinational banks globally, from business, industry path, geographic region and shares border 4 dimensions to investigate.Firstly, this paper describes the basic content of internationalization of commercial banks, including concept, content, format and standards, and analyzes concepts and theoretical basis of internationalization path of commercial banks, specifically to divided theoretical basis that may affect internationalization path of commercial banks selection into four categories, one is an international theory of motivation, these theoretical answer the problem that why the commercial banks to internationalization, but the impact factors involving to provide reference for the path research in this paper; One is the theory of mergers and acquisitions, means from the perspective of business expansion to analysis the path selection; one is the theory of commercial banks development stage, from the perspective of historical development to summary; the last one is strategic business perspective to study path selection,that is, due to a variety of strategies need of banks, to choose international path by maximize the business value as long-term goal. Secondly, from the current international financial system and global financial markets, to analyzes the attitude of the Government to internationalization of commercial banks, development level and financial environment, to study in the of the Basel regulatory constraints financial and market access control of the countries, and from the core competitiveness of China's commercial banks, starting a key analysis to China's commercial banks in emerging developing countries during the internationalization paths selection to consider various factors. Bank internationalization is not only, but also to be subject to political and foreign economic relations, international financial regulation, and many other macroeconomic factors, we need to place it in the a larger context to has a correct understanding to global financial system and financial environment,to China's financial industry and the country's financial strategy has a comprehensive understanding, which based on the core competitiveness of China's commercial banks, to find an effective way of internationalization. At the same time, the paper analyzes Citigroup, Bank of America, JP Morgan, HSBC Holdings, Mitsubishi UFJ, UBS, Wells Fargo, Wachovia, Royal Bank of Scotland, Deutsche Bank, Standard Chartered Bank, the 11 large international financial group development Road, and with the historical period in which commercial banks in China, the financial market environment factors such as contrast, searching for commercial banks in China with Chinese characteristics, cross-border development, by comparing the process of 11 international financial groups, such studies in the Comparative Study of China is the first time.Finally, the paper summarizes that internationalization of Commercial Bank in China should follow the "localization, marketing, stage by stage" principle, in business, industry, geographical and shares border four dimensions to adopt different paths. In the business, analyzing the opportunities of RMB regionalization that China's commercial banks should take full advantage of this opportunity to focus on developing their own unique advantages Business-RMB business, and recommended technology and business innovation in the promotion of international the important role of business development; in the industry, given current capital and surplus of commercial banks profit model pressure, if the development is still in business diversification and synergies of scale within the critical point curve, you should take diversified expansion strategy, On the contrary, as the business and scale expansion, if business strategy that hamper the case of commercial banks, such as profitability, can not, or hinder the core business, etc., then have to be resolute detachment, commercial banks should continue to expand and stripping to achieve their own balance; in the region, according to the degree of financial development, drawing on experience in the development of international financial groups, put forward the "integration of Hong Kong and Macao resources, expanding Asia-Pacific, Africa, South America to enter the market, the last European and American developed markets advance "the local path goals; in shares border, this paper bases on Dunning's OLI model, joined the market environment (M) at this level, forming a OLIM model, to analyze internationalization path selection factors of China Bank:bank size, international experience, geographical distance, cultural differences, banking regulation, China's direct investment in host countries, bilateral trade volume, the degree of the host country and international market size, according to the above factors to determine the path selection.China's commercial banks make decision according to these four dimensions, planned, organized and orderly to implement international strategy and to promote the implementation of overseas expansion projects. And the selection of these paths are inherently interconnected, influencing each other and check each other mutually, together constitute overall strategy of the internationalization of commercial bank,and to promote the goal of the commercial banks towards banks internationalization to gradually realized.