The Discussion Over The Right Of Charging Commercial Banks In China

With the development of economic reform and fully opening the banking industry to international market, the management concept of commercial bank has been changed dramatically in China. To make the maximum profits has become commercial banks'prime objective. In order to improve profit structure and enhance profitability, it is of necessity for commercial banks to choose charging service instead of free one. That is to say, it is time for banking industrial to say goodbye to"final free lunch"and enter into a new era of charging service.The promulgation of'Temporary Measure for Charging Price of Commercial Bank Service'provides the legal basis for commercial bank charging. Accordingly, the charging right of commercial bank has been confirmed by special regulation. The establishment of charging right is based on Marxism labor value theory, principle of consideration, and"Pareto's Principle", which means the establishment has inevitability. That will bring certain positive effect for the whole banking industry.From the perspective of current legislation situation and practice as to the right of charging of commercial bank, there are some social environment obstacles due to lack of right apprehension of commercial bank charging issue. This problem exists not only among customers, but also from government and media. Because of the incomplete legal system, the right of charge of commercial bank lack of legal basis, as well as legal environment. Furthermore, some doubts arise as to the abuse power of commercial bank.It is reasonable and legal for commercial bank to have right of charge. In order to make that right more reasonable, legal and effective, it is of importance to improve in the following areas: 1. direct media properly, publicize the regulation, and establish a social environment for charging service; 2. complete price fixing system, make clear the belonging of the right of price fixing, and let commercial banks make price themselves gradually; 3. complete legal system for disclose charging information, guarantee the right of knowing and choosing; 4. establish legal regulation to help disadvantaged group, and provide free or discounted basic service for poverty-stricken people; 5. make clear the rights, obligations and responsibilities among government supervision organization, banking association and China UnionPay, and balance the possible interest conflicts among them.