The International Development Process Research Of ICBC

With the advancing of globalization of the world economy and financial integration,the commercial banks implementing the international strategy has become aninevitable trend. On one hand，economic globalization brought the great marketopportunity to commercial banks, On the other hand, the banking industry is facingmore intense and complex competitive environment. In order to continue to developand enhance their strength to cope with the competition from all over the world, thecommercial banks should pursue the internationalization strategy actively, so as touset the global resources to expand their strength.In the process of internationalization of China’s commercial banks, the Industrial andCommercial Bank of China is an international pioneer. In the whole course of itsdevelopment, there is a lot to learn from the experience. In this paper, we selectIndustrial and Commercial Bank of China as the research object, recalling its20yearsof overseas development history, analyze the status of its overseas development. Thispaper through comparing the Industrial and Commercial Bank of China andinternational well-known banks as well as domestic commercial bank’sinternationalization degree, summarize the Industrial and Commercial Bank ofChina’s success and shortcomings in the process of internationalization, and putforward suggestions and countermeasures to its further internationalization process.Firstly, this paper describes the business environment of commercial banks in China.Then, after introducing China’s commercial banks’ international developmenthistorical background, I divided the development process of ICBC into three stagesand analyzed its achievements and shortcomings form three aspects: the degree ofinternationalization, the financial effects, strategic layout effects. After then, thispaper summarized the reasons that why ICBC becoming so successful, the mostimportant three factors including the IPO of ICBC, its clear internationalizationstrategy and the One ICBC strategy. Finally, according the existing shortcoming ofICBC, this paper presents three proposals to solving these problems.