| According to the WTO agreements, our government has made the promise that Chinesebanking will be completely open to the foreign financial institutions in five years,that is to sayafter the January of 2007,the foreign financial institutions will have no difference from the hostones in servicing areas, clients and so on.Banking industry is the core of financial system, and the four state-owned commercialbanks are the main parts of our banking industry. After several years' reforming, their capitalstrength and operating level have been improved a lot. However, due to the effects of plannedeconomy and the deviation of operating concept for a long time, the distance between ourstate-owned commercial banks and foreign developed commercial banks is still quite far. Ourstate-owned commercial banks will face the increasingly severe competition from the foreignbanks. Considering both of the reality and the future of China, how to improve the competitiveabilities of Chinese state-owned commercial banks is a critical problem that can not be avoidedand needs solving as soon as possible.In this paper, the author try to set up an assessment system that fits for Chinese state-ownedcommercial banks based on the commercial bank competition theory. It has given a comparativeanalysis between the Chinese state-owned commercial banks and the developed foreign banksunder the competitive environment, the obvious competition and the potential competition. It isan undisputable fact that Chinese state-owned commercial banks have a relatively lowercompetitive ability after a great deal of comparison in data and qualitative analysis. Thenaccording to this analysis the author puts forward a series of suggestions to improve thecompetitive ability of Chinese state-owned commercial banks by using the financial innovationtheory in seven aspects such as operating concept, developing strategy, property rights system,organizational structure, business system, banking risk management, etc. |
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