Research On Development Strategy Of ICBC Bill Business Department

Bill business,as an effective complement of banks' credit business,a regulator of asset structure and banks' significant profit increasing point,gradually became one of the preferred financial products in commercial banks.Especially in recent years,under the guidance of national macroeconomic policies,low occupation of economic capital,high integrated yield rate and liquid bill business became one of the most rapidly developing financial products in commercial banks,meanwhile because the trading rate of bill business is not bound by the interest rate of Central Bank's shorts,commercial banks can fix prices on their own according to their condition,so the degree of marketization is sufficient than other credit financial products.The acceptance level of commercial bills is high in the enterprise,and commercial bill is not only an important settlement tools among enterprises as well as short-term financing tool,it plays an important role in the financing chain of SMEs(small and medium-size enterprise)in China.The General Office of China Banking Regulatory Commission releases notices on specifying commercial bank governance of interbank business on May 16,2014,its main purpose is to specify interbank business between commercial banks,to promote commercial banks carried out interbank business by implementing specialized departmental system.The legal person headquarters to establish or assign specified sector to operate,that is reform of interbank business divisional organization.Notes as one of interbank businesses,it also was in reform list,while with the change of economic environment,speeding up of marketization of interest rate,and change of competition rules,the competition of bill business among domestic commercial banks is increasingly fierce,which require commercial banks to be proactive in innovation,exploration out profit mode suitable for themselves and market under according to the regulatory policy.This paper take ICBC specialized paper agency as case,to study the development strategy of commercial banks' specialized paper agency,hoping to explore a set of strategy,which is suitable for commercial banks' specialized paper agency,boosting the development of China's bill industry,under the regulation background of reform of bill business' divisional organization in commercial banks.Firstly,this paper overviews previous studies,definition of bills and other related content,then to analyze strengths and weaknesses in the development of ICBC specialized paper agency,and compare to the same business,thus,to propose the strategies to be undertaken in the development of specialized paper agency.The innovation of this paper is an in-depth analysis of the possibility and necessity of establishing specialized paper agency,and proposes strategies of the development of specialized paper agency,providing reference for the reform of specialized paper agency in commercial banks.