Chengdu, Commercial Banking And Financial Business Innovation And The Management Of The Status Quo Of The Business Market Access Discussed

In recent years, after China entered WTO, and as the reform of financial institutions deepens, our commercial banks grow up in market competitions. They have been making all sorts of business innovations, among which new products as well as new services amaze consumers. However, under the current regulating system, it is common that although some new products and services are highly praised by the market, in the sense that, they are welcome not only by individuals and firms, but also by the government, they are still repelled out of the match by regulation department. Financial industry is a sensitive industry associated with the stability of social economy, so no wonder its operations are strictly supervised and restricted by the government in many countries, especially when they refer to those issues related to market approvals. However, is this a legitimate reason to reject those new products and services? This is a problem that those who care about the development of financial industry are highly concerned with. Hence the author keeps thinking about this as well.The author used to work in a commercial bank, and now is working in a regulation department, so she pays a lot of attention to the business innovations of commercial banks in Chengdu. With those questions in mind, she conducted a market survey about product innovations in local commercial banks, then based on the information she collected, she applied classical financial innovation theories to analyzing the success those banks have achieved and to pointing out the problem yet to be solved. She also studies laws and rules corresponding to new market approval. Through rigorous analysis, the author identifies problems in current regulating system, and suggests some improvements.This thesis is consisted of three parts. Part I, background study and problem definition. The trouble two typical innovation cases run into,that are, JS Bank's collective commission loan of city construction project and GD bank's commission financing plan, it also poses the question of whether the market could determine the business operations for commercial banks. Part II, current situation of operation innovations of local commercial banks. In this part, the author first uses classical financial theories to analyze macro as well as micro-incentive of operation innovations in local commercial banks, then examines the current situation of operation innovations; and finally summarizes successes and problems. Part III, current situation of market approval regulation of banking regulation departments. Firstly, the author introduces classical financial regulation analysis; secondly, she examines the current situation of market approval regulation of banking regulation departments; thirdly, she proposes the concerns about existing problems in current system; lastly, she suggests corresponding improvements.