The Social Responsibility Of China's Commercial Banks And Its Implementation

The thinking of corporate social responsibility emerged in the 20th century,20 years. Debates about it have not stopped until now. With the social progress and economic globalization, corporate social responsibility has become a trend. Commercial banks as a special business, the business object is very special-money and monetary capital. Modern commercial banks has extended its tentacles in all aspects of social and economic activities, it has a significant impact on the national economy and social life. Based on its social and public nature, commercial banks have a certain inevitability of social responsibility. Therefore, studying what social responsibilities should be borne by the commercial banks and how to take social responsibilities has a strong theoretical and practical significance.Social responsibility of commercial banks is not unlimited; on the whole, it can be divided into the legal responsibility and moral responsibility. Different responsibilities are borne by commercial banks for different stakeholders. In addition to statutory responsibilities as tax and voluntary responsibilities as charitable donations, commercial banks especially have the need to take social responsibility and sustainable development concepts into corporate governance and corporate culture. Commercial banks can achieve environmental protection and many social welfare increases through the provision of professional financial services. This paper argues that the construction of the mechanism to achieve social responsibility should guided by the principle of balance of interests and the principle of sustainable development of bank, and should design under the three: reasonable interventions from the state, the improvements of commercial banks' governance, and the functions of social intermediary organizations.This paper discusses the social responsibility of commercial banks in China and its realization. The first part discusses the legitimacy of social responsibility of commercial banks-why should the commercial banks bear social responsibility. The second part discusses the content of social responsibility-what should the commercial banks bear. The third part discusses the relevant domestic and international situation of the social responsibility and provides the basis for the fourth part. The fourth part discusses the implementation mechanism of commercial banks'social responsibility, namely, how to make China's commercial banks to better fulfill their social responsibilities.