Comparison Of Asset Management Business Between Chinese And Foreign Commercial Banks

Since the reform and opening up,China's economy has experienced a rapid development.Like many emerging economies,China's economic growth has slowed in recent years,coupled with the rise of the Internet financial services,to a large extent,the source of profit for commercial banks is reduced.The changes of economic environment have brought new challenges to the development of the asset management business of commercial banks.In July 2013,Bank of China announced full relax lending rates,reducing the traditional profit of commercial banks.Financial market competition is more intense,forcing commercial banks to make a transition as soon as possible.Asset management plays an important role in helping commercial banks to expand intermediary business,increase intermediate business income and expand overall competitiveness.Because of the development of the asset management business of commercial banks in our country is still immature,there are many obstacles in the management and policy measures.Only by overcoming these obstacles,we can better promote the development of the asset management business of commercial banks in China,and improve the efficiency of the management of commercial banks.Firstly,this paper analyzes the asset management business model and the advantages of the large commercial banks in Europe and the United States.Secondly,this paper gives the definition of the asset management business of China's commercial banks as well as the development of the bank in the asset management business,especially in the financial business in the past year.Analysis on the pattern and current situation of Chinese commercial banks' operation mode.Compared with the asset management business of major domestic large commercial banks,find out the deficiency of the asset management business of our commercial banks and the improvement of the method.At last,the paper puts forward the suggestions on the transformation of asset management business of commercial banks in China from two aspects,including the regulatory policy and commercial banks themselves.