Theory And Practice Of Financial Innovation Of Chinese Rural Commercial Bank

At the beginning of Financial crisis, people focus on the financial innovation. The financial innovation suffered from serious frustration that used to promote the rapid development of financial industry of developed countries. It is the driving force or whether the causes of the crisis, aroused great concern and reflection.Deep research of financial innovation both of the theoretical and practical issues is not only the reflection of the essential causes of this crisis, but also an urgent need to explore the way of the future development of Chinese rural commercial banks. How to improve the mechanism of financial innovation and the capability of innovation has become a very urgent problem that Chinese rural commercial banks are faced. There is far-reaching practical significance to sustainable development of rural commercial banks.In fact, the re-understanding of financial innovation and re-assessment is also an innovative activity.This paper review the objective process of financial innovation occurs briefly, analyze the various factors affecting the financial innovation. Analyze the mechanism of financial innovation and reveal the methods and the way of fosterring the capacity of financial innovation on the basis of learning about the research theory results of financial innovation. Combine with the practical financial innovation of rural commercial banks by analysis of comparativing Chinese and foreign, and learned from the differences. Finally, contact with the current implementation of the policy of expanding domestic demand in China to prove the feasibility of promoting financial innovation of Chinese rural commercial banks and related conception.