With China' s entry into WTO and the intervention of foreign banks, China' s financial market will grow into an all-direction , multi-level , wide domain open market . State-owned commercial banks will face the unprecedented challenge and the large competitive pressure of human resources . Financial innovation has become the only practical choice by state-owned commercial banks .China' s financial innovation should be pushed by the market in the future . The present whole environment is beneficial for the development of China' s financial innovation .By studying western commercial banks' practice and state-owned commercial banks' reality , this paper illustrates the strategic significance of state-owned commercial banks' financial innovation , analyzes the problem unsolved by now of the state-owned commercial banks , gives the practical choices in operation concept , institution distribution , human resources management and business operation regarding financial innovation . The paper proposes that the process be divided into several phases : concept innovation is the basic condition ; imitation is the effective way ; property system innovation is the key point , mixed operation is the long-term target and relevant supervision innovation and risk proof measures are also important and necessary .
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