| With the fast development of financial innovation has been urgent for the further development of China's commercial banks. This article centers on financial innovation using the western theory in this field for reference and makes a deep analyzes from its definition, classification, motivation, influence and so on. It analyzes the major problems existing in the financial innovation in our country according to the various challenges and opportunities arising with the entrance into WTO, associated with the financial innovation practice of our commercial banks since the policy of reforming and opening was carried out. Breaking through from that, this article inquires into the strategic option of the financial innovation of China's commercial banks from the innovation in systems, organizations, business and management, etc. This articlesaims at exploring the innovation space of China's commercial banks in the new conditions through further analyzing the financial innovation of commercial banks, so as to improve the international competitive ability of China's commercial banks.This article is composed of three chapters.The first chapter emphasizes the theory of financial innovation of commercial banks, including: a)It clarifies the definition of financial innovation of commercial banks; b) It classifies the financial innovation into three categories: business innovation, organizational structure innovation and system innovation; c)It analyzes the motivations of financial innovation associated with the economic background of the western commercial banks 梩hey are supply and demand, technological progress and the influence of the changeable environment of financial control. The development of financial innovation is the result of many causes; d)It deals with the influence of financial innovation on the financial operational machinery and the economic life.The second chapter explains the characters and practice of financial innovation of China's commercial banks, associated with the challengesand opportunities brought by entering WTO, and points out the main problems existing in the process of financial innovation of China's commercial banks. First of all, after entering WTO, Chinese banks take a position of disadvantages in competitive ability, holding of marketing share, attraction of excellent talents and the controlling dynamics of center banks, and so it is faced with severe challenges. The opportunities are shown by the following aspects: a)It will help with the marketing reform of China's banks: b)Help with the overseas business extension of domestic banks; c)Help to approach the international norms of financial innovation and control. In retrospect of the business innovation practice of commercial banks since the reform and opening of our country, this article sums up the characters of financial innovation in our country. It suggests that the inelasticity, passiveness, monotype and non-technological predominance are the major problems existing in the financial innovation of China's banks.Beginning with the problems in the financial innovation of commercial banks, the third chapter seeks for the strategy of financial innovation of China's commercial banks and expounds the business innovation space under separate and mixed operation. It gives original ideas in how to well handle the relationship existing in the process of financial innovation.The first point is to inquire into the way of system innovation of state-owned banks. It suggests the revamping of stock-joint commercial banks桰n view of the present condition of state-owned banks, we can consider to choose the provincial branches that are comparatively better operated as the trying points of stock-joint banks, and based on that, we can set up a center-controlled grouping banks made up of stock-joint branches as holding subsidiaries and state-owned branches.The second point is that we should actively advance the business innovation of bank system, improve the asset quality and the profitability of the bank. Through analyzing the probl... |
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