Research On The Development Of Internationalization Of Industrial And Commercial Bank Of China

Industrial and Commercial Bank of China was one of the first banks transnationaloperation of China’s state-owned commercial banks. From1992, he opened its first overseasbranch institutions in the Singapore by the end of2012to cover the39countries and383overseas institutions operating network, in its20years of development, the industrial andCommercial Bank of China has blazed a unique path of internationalization of icbc. At thepresent stage of China’s rapid economic development, deepening reform and opening up, theenvironmental impact at home and abroad and the outbreak of large-scale financial crises inthe world, the industrial and Commercial Bank of Chinese future international developmentstrategy should be determined what goals, have very important realistic meaning of whatmade appropriate adjustments.This paper is divided into five parts to discuss. First, introduces the purpose and methodof research background and significance, research articles and research status at home andabroad. Second, from the concept of bank internationalization as the breakthrough point,introduces the related bank internationalization theory, internalization theory, comparativeadvantage theory, three classification theory, the eclectic theory of international production,risk aversion theory, and further summarizes the internationalization of modern banks. Third,through the process of internationalization of HSBC, CITIBANK N.A. and STANDARDCHARTERDE BANK chartered three the Multinational Bank review, analysis of thecharacteristics of its internationalization and experience, summed up the inspiration to ourcommercial banks. Fourth, the development of industrial and Commercial Bank of China,main problems at the present stage of industrial and Commercial Bank of China businessinternationalization present situation and existence. Fifth, analysis of the industrial andcommercial bank by using the method of PEST, the current international and domesticpolitical and economic situation continued strong conditions to expand the international, andputs forward some suggestions on the future development of the industrial and commercialbank internationalization development experience of international large multinational banks. Including the internationalization development strategy of its own characteristics, attachesgreat importance to the integration after merger, make full use of the developmentopportunities of RMB internationalization, strengthen internal and external linkage, improvethe domestic and international common development, strengthen international talents, perfectthe risk management mechanism, strengthen the supervision of overseas branches, tostrengthen the cooperation with the bank, to speed up financial products innovation,integration of brand, enhance the overall value of icbc.