Industrial And Commercial Bank Of China Inner Mongolia Branch International Business Development Status And Countermeasures

At present,China is recognized as the world's second largest economy,and it's economic and political status has improved,and it also a leading player in international trade,investments and foreign reserves.China's economic development is increasingly inseparable from international communication and cooperation.And this international communication and cooperation can not be separated from the settlement of cross-border capital,cross-border capital flows and currency exchange.The above activities all depend on the bank,the bank's international trade business is indispensable and is playing an increasingly important role.From the point of view of the internal development of the bank,the uncertainty of the current economic environment and the risk of corporate default are increasing day by day,relying only on deposit and lending business to obtain revenue can not meet the needs of bank development.The intermediary business of the bank is born in the above background,the intermediary business has the characteristics of small risk,high income and quick effect,which becoming more and more popular for the bank managers.In a sense,the future focus of competition in the bank will focus on intermediary business,who occupied the intermediate business market,who occupied the preemptive opportunities,and who's survival and development space will rather broad.As a new intermediate business varieties,international trade business is the important way of obtaining intermediary business profits and an important means of expanding business abroad.Because international business usually link with Large international investment and financing projects,will often bring more intermediary business profits than other domestic businesses,and it also can bring large amount of RMB and foreign currency deposit.Therefore,the international business of the commercial banks has always been the main business area of competition.As China's joining to the WTO,the opening speed of domestic financial sector accelerated,and it brings development opportunities to the state-owned commercial bank's international business,at the same time it is also bring them severe challenge.As the international business competition between commercial banks.Increased,foreign banks and joint-stock banks flocked to participate in the competition in the market,with its existing overseas background,strong foreign language advantage,high quality customer service,good reputation and the international practice mastery ability,they impact on Chinese Commercial Bank'sinternational business and seize a share of international business market,In this case,if the Industrial and Commercial Bank of China Inner Mongolia branch want to obtain greater international business market share,it needs to carefully study its present situation and the existing problems of international business,and it needs the support of the Industrial and Commercial Bank of China Inner Mongolia branch managers.This paper first gives an overview of the related concepts and the theories of international business of commercial banks,and all these concepts and the theories provide theoretical support for the study of international business of ICBC Inner Mongolia branch.Secondly,gives a detailed analysis on the current situation and the future development trend of international business of ICBC Inner Mongolia branch,through these analysis,to find the advantages and disadvantages,and the opportunities and challenges of the international business of ICBC Inner Mongolia branch.Finally,through the above analysis,raises of the last part of this paper,that is the strategies and measures to conduct the international business of ICBC Inner Mongolia branch.Describing from optimizing customer structure,strengthening professional talents training,enhancing product development and applications and performance evaluation etc.Focusing on regional characteristics of Inner Mongolia region,and combining with the needs of the regional market in Inner Mongolia region to propose suggestions of the special advantage international business of ICBC Inner Mongolia branch.