Promoting Financial Innovation Of China's Commercial Banks

The article discusses the financial innovation in China Commercial Bank. Nowadays, a great change has been taken place in the business environment of China Commercial Bank. So higher requirement is put forward to Commercial Bank. Unless Commercial Bank speeds up reform and carries out financial innovation, its survival and development will be threatened. However, the problems existing in systems, ideas, and history also confine the development of its financial innovation. Therefore, as the reform of financial systems keeps on deepening, and the entrance to WTO approaches, studying seriously the financial innovation of China Commercial Bank bears the important operation significance. According to the developing state, existing problems and confinement factors of the financial innovation in China Coniinercial Bank, the article puts forward the various challenges under the new conditions, the financial innovation and the developing method and path adapted to China Commercial Bank in order to deepen financial reform, speed up the pace of the financial innovation of China Commercial Bank, enhance its competition ability and risk-resisting ability. The clue of the article is as follows: In the first place, introduces the concept and the macroscopic and microscopic cause of the act of the financial innovation, its effect on Commercial Bank; In the second place, defines that the financial innovation is optimal choice for Commercial Bank to enhance competition ability, and puts forward existing problems and confinement factors of the financial innovation in China Commercial Bank through analyzing the business environment and present situation of China Commercial Bank; At last, quest for the ideas pushing forward the financial innovation for Commercial Bank in idea innovation, system innovation, business innovation, risk control and so on. The article consists of three chapters.ChaPtgr one to introduce financial boovation. Firstly, basing ol1 thecomParative analysis and synthesis of the vallous dedritions of the finm1cialinnoVation in ffoancial circle, and tl1e chaterishcs of Commercial Bal]k, tl1eaullor PtodLces the dedrition of ti1e financial innovation of Cominercial Bam'----ln financall opetation, Cominercia1 Bank Performs effeCtive creations inorder tO increase profits, enhance risk management, and animate market. ltincltldes idea innovation, system innovation and buSiness innovation. Secondly,Analyzes ti1e lnactoscopic and microscOPic catse of the ed of tl1e finmlcialinnovation. The autl1or attribt[tes the macroscopic catse of the act to tl1efinancial control and ti1e financial deregtilation, U1e ndcroscopic cause of tl1e actto competition, profits, demand and so on. At last, analyzes tl1e effects of thefinancial innovation on Commercial Bank. Tl1e effeCts are as follows jimproving ti1e cdmpetition ability of Conunercial Bank and the qtlality offinancial Products, increasing the point of pI'ofit growth, decentr8lizing a11d1owering individtal risk, lowering tire cost of Co1nmercial Bank and improvingthe efficiency, changing ti1e traditional modes ofbtisiness opefation, expal]dil1gthe scope of business operation, realizing to overlaP and integrate businessoPeration wiil1 nonbanking financial institutions, conforming to fl1e trend of tl1emixed business OPeration. The allicle defines tl1e fimdamentals of the financialinnovation, and disctsses the financial innovation on the whole.ChaPter tWo to introduce briefly the basic situations of tl1e fil1al1cial inl1ovatio11of Cllina Cominercial Bmlk, and reason why China Cominercial Bank activelycdries oLlt the ffoancia[ innovation and takes stePs to push t11e i1inovation.Firstly, reviews tise financial inn...