Examining Financial Businesses' Innovation For Promoting County Economic Development In Bank Of Beijing's Liaocheng Branch

At present,China's macro economy is facing a challenging period of new and old transformation.The severe economic situation makes the competition among commercial banks particularly fierce.If a commercial bank wants to gain a foothold in the fierce competition and continue to advance,it can only carry out financial service innovation according to its own situation.Otherwise,it will only be stuck or even eliminated.The development of China's county economy is facing many serious problems,mainly reflected in the following aspects: the transformation of economic structure,the development of new urbanization,the constraints of resources and environment are strengthening,the development cooperation is seriously inadequate,and the mechanism of investment and financing is not perfect.Financial institutions such as banks play a vital role in the development of county economies.This paper analyzes the banking business innovation in Beijing as a case study.Through analysis,from the following four dimensions: the bank's innovation needs,influencing factors,business shortages and strategic adjustments,the paper will specifically study the innovation system of the financial business of the Bank of Beijing Liaocheng Branch in the context of supporting the county economy.Finally,on this basis,the article puts forward the strategic adjustment and implementation rules of the Bank of China Liaocheng Branch in the implementation of the financial business and product innovation in the context of supporting the county,in order to ensure the smooth implementation of innovation.