| Inter-financial-industry business refers to the business cooperation among all thesegments of financial industry, including banking industry, securities industry,insurance industry, etc. whereby the commercial banks, the most important segmentof the financial industry, are the core and basis of inter-financial-industry cooperation.The increasingly deepened reform and openness of financial industry, thegradual promotion of interest rate and exchange rate reform, the better perfection offinancial market construction, and the widened application of information internettechnology, bring extensive innovation space for the development ofinter-financial-industry businesses, give brand-new business intension for it, andbecome the essential forces to push forward the transition and evolution of thefinancial industry.In recent years, with the monetary policy being tightened, theinter-financial-industry cooperative businesses have been unprecedentedly active andexhibited three tendencies as follows.Firstly, the scope of inter-financial-industry cooperation has been increasinglyenlarged and accelerated the transition of commercial banks from segmentedoperation to mixed operation. The dream of a customer to conduct all the financialbusinesses under one roof has partially come into reality.Secondly, the domain of inter-financial-industry cooperation has been deepenedgradually, which profoundly change the competition pattern of commercial bankingand even the whole financial industry. Banking relationship has been no longer acruel life-or-death struggle, but evolving into a huge self-balanced “financialecological system”, in which various kinds of banks and inter-financial industriesco-evolve, co-serve the customers, and share value altogether. The profits arisingfrom the inter-financial-industry cooperation have been in excess of those fromtraditional businesses step by step. Thirdly, the level of inter-financial-industry cooperation has been upgraded.Especially, with the application of computers and internet technologies in financialindustry, the financial product innovation of commercial banks has changed rapidlywith each passing day, and the financial service innovation has also showed anunprecedented momentum.In this context, the inter-financial-industry businesses of Jilin provincial bankingsector have also experienced an intensive development and deep-going changes. Forinstance, the cooperative customers have extended from the traditional insurancecompanies and securities companies to trust companies, funds, finance leasecompanies, micro-credit companies and asset management companies. Thecooperative domain has expanded from the previous inter-bank finance and paperbusinesses to trust asset agent, inter-bank RMB escrow payment, finance funddepository, claims investment plan and asset management etc. The cooperative regionhas not limited only to Jilin province, but gradually formed a cross-region or even across-border operational pattern.However, the inter-financial-industry businesses of the Agricultural Bank ofChina (hereafter abbreviated as ABC) Jilin provincial branch has been seriouslyrestricted due to its long-term negligence of the said businesses and non-recognitionof the huge prosperity of the businesses, the un-streamlined management chains, therigid authorization modes, the non-smooth approval process and imperfect assessmentand incentive etc. There has been a big gap between the size and variety of thebusinesses conducted by ABC Jilin provincial branch and those by other banks inJilin province.Therefore, we should deeply discuss the development situation of theinter-financial-industry businesses in Jilin province based on the analysis of the statusand trend of those in China, and find out the outstanding problems of those in ABCJilin provincial branch, so as to put forward corresponding solutions and beneficialpolicy-decision reference for ABC Jilin provincial branch to better improve itsinter-financial-industry businesses. |
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