The Entrance Of The Foreign Banks And The Development Of Chinese Domestic Banks

On December 11, 2006 China joined the WTO transition period ends, the China Banking on the full liberalization of foreign banks, allowing foreign banks to conduct RMB business fully, and to remove regional restrictions on businesses and other non-prudential restrictions, foreign banks entered the post - China's banking industry to fully implement WTO accession commitments, in full accordance with the WTO rules. More competition, more disputes, opening more direct price……, a series of pressure is oncoming. The core banking as a financial, how to develop, how the development will determine the direction of China's financial industry. Objectively speaking, China's banking industry regardless of the "software" or "hardware", with advanced international banks have a greater gap, in the face of the future, China's banking sector can only address the existing problems and difficulties, and continuously change will be in A place in the competition, in the post-WTO era will open up a new chapter. There is no doubt that the current need for foreign banks to enter China's banking sector and the development of a deep significance of this in-depth study of the issue.From the three aspects of "foreign banks to enter China's banking sector and the development of" proof.The first part, introduced a foreign bank to enter China's banking sector brought about the opportunities and challenges, all foreign banks enter the Chinese banking market, China's banking sector will bring new challenges, of course, will bring unprecedented opportunities for development, Chinese-funded banks and foreign banks will carry out comprehensive cooperation and competition. Opportunities for development in the area, mainly to large-scale funding from the joint-stock commercial banks raise the level of corporate governance, contribute to the internationalization of China's banking industry and the increased stability in the banking system, commercial banks will help promote financial innovation and is conducive to Financial improve the overall level of science and technology to be introduced in four in the challenges and impact, mainly to seize the biggest impact of the four, the intermediate business and the impact of the retail business, customers and talent of the impact on the safety of the banking sector The challenges of the banking system and the formation of the impact of a demonstration. The entry of foreign banks, making China's banking sector both opportunities and challenges, using the opportunity to discover and solve their existing problems, can deal with the challenges, weak development of China's banking sector to find the crux of the matter is urgent. Objectively speaking, foreign-funded banks to enter, making Chinese-funded commercial banks to increase capital, improve corporate governance structure, introduce advanced management ideas and management, banking technology and to promote innovations in business and enhance their ability to resist risks, improved profitability. However, because China's banking market imperfections and the banking regulatory system is not perfect, compared to an increasingly competitive financial markets and economic development requirements in terms of financial services, China's banking sector itself at this stage there are many worthy of concern.The second part, from large domestic commercial banks focus on that scale advantages, excessive reliance on foreign investment, strategic positioning is not clear, the international positioning unrealistic; external environment in which there are many issues requiring urgent solution; foreign banks to enter China's banking sector with To many risks; governance structure of the banking system there are shortcomings in four areas on the present stage of development of China's banking sector and the existing problems. Found that the problem is not an end, the aim is to solve the problem. China's banking sector should take full account of their own and foreign banks competitive advantages and competitive strategies, from the national industrial restructuring and development of emerging financial markets in search for long-term, strategic and effective demand, according to its own endowment of resources, industry expertise , Technical standards and network coverage, such as the characteristics, take the initiative to readjust their development strategies to further identify specific customer groups, business, product positioning, along a clear direction for the development build their core competitiveness, to withstand the impact from all sides.The third part, as the focus of this writing, from the following five areas: active and learn from the experience of foreign banks, vigorously develop the intermediate business and retail business; banking supervision work of the new ideas; mixed operations to promote the commercial banks in real terms And the development of commercial banks should gradually deepen and expand financial innovation; accelerate the deepening of the banking system reform and the establishment of the bank security strategy initiative demonstrated full access to foreign banks after China's banking sector development strategy.China's accession to the WTO reform and opening up the banking sector faced a timetable, WTO commitments have changed the situation of China's banking sector, foreign banks enter the Chinese market full liberalization of the banking sector, market competition will become more intense, in the competition, to achieve through cooperation A win-win situation is the inevitable choice of China's banking sector. Regardless of market structure, product structure, in the final analysis, are in foreign banks to work together to build a stronger, healthier and more effective China's banking and financial system, we believe that China's banking sector can help integration into the international banking market , Continuous learning and draw on, stepping up its own building and reform, further development and growth and constantly improve competitiveness, the China Banking giant step towards the world, catch up with and surpass world-class banks.