The Market Orientation Of China City Commercial Banks After Entering WTO

Along with the entering WTO, China will merge into the tide of globalization and follow the international game rules in every aspects. Undoubtedly the finance industry must run according to the principle of free trade. In the coming 2 to 5 years, China will open up much wider, and finally reach total opening. During this period, foreign banks are now coming into China in succession and will have occupied considerable sections of the total market in the field of foreign exchange, international settlement and RMB operation. Depending on their advantages in capital, management, technology and service, the entering of the foreign banks will break the original situation of Chinese finance industry and bring great impact, which is the real fact without saying.In China, besides the four giant state-owned commercial banks and the newly emerging stock commercial banks, there are also about 110 provincial city banks facing this intense competition. Actually these city commercial banks face the sharpest competition as they have feebler strength, much more difficulties at spreading out new operation and much lower credit. To these city commercial banks, how to develop after having entered WTO is the concerning problem to most of the people.In this thesis, the author wants to put forward some personal views.After having entered WTO, city commercial banks face not only challenges, but also many chances. Undoubtedly, city commercial banksmust acknowledge their disadvantages in the tense competition, but they have their own advantages. So the present problem to the city commercial banks is how to find their own position, how to analyze their challenges and chances, to make out their advantages and disadvantages, to gain development and share their own cheese in the tight competition after entering WTO, only so can they have the opportunity to grasp the chance, avoid the difficulties, make use of their advantages and eradicate their disadvantages.