The Comparison, Analysis And Countermeasure Of The Products Innovation Of The Bank Of China

In recent years, financial innovation is a topic many people take delight in talking about. The scholars, government officials as well as the researchers in financial institutions are doing researches on the financial innovative gap between our country and the developed countries from the different positions and perspectives. They highlight the importance of promoting the financial innovation through the legislation, expert-employing, technology and supervision. However, the secondary mortgage loaning crisis occurring in American not long ago is just the result of the financial innovation product CDOS (Collateralized Debt Obligations). This has made many people reconsider the issue of the financial innovation and doubt whether it is the direct cause of the financial crisis. Thus, our discussion on the issues of financial products innovation of the commercial banks is of great significance.This paper analyzes the current situations of the products of the Bank of China, studies the commercial banks' product innovative experiences both home and abroad, and makes comparisons among them and then gives the suggestions on how to promote the efficiency and effect of the product innovation of the Bank of China. The author uses the strategy of "combining the part with the whole", taking the banks' products as the clue and on the whole dividing the topic into three parts to make a deep research, that is, the companies' financial products innovation, the individuals' products innovation and the other issues. At the same time, the discussions are made in the following three levels, the comparison among international banks, the comparison among the Chinese banks and the analysis on the current situations of the Bank of China.