Research On Core Competitiveness Of Chinese Commercial Banks Based On Structural Equation Model

In recent years,with the reform of China's financial industry and the development of economic globalization,the banking industry is facing huge opportunities for development,but at the same time it is also facing the challenge of brutal competition.Under the new pattern and background of economic globalization and financial liberalization,the banking industry not only needs to face the competitive pressure of emerging Internet finance in the same industry in China,but also needs to cope with the injection of foreign Banks and the competition for the domestic financial market.Under such a severe test,how to seize the opportunity,make full use of strengths and avoid weaknesses in competition,and enhance their core competitiveness has become the focus of the banking industry.This paper will start from the elements of core competitiveness,select indicators to build an evaluation index system,and use the structural equation model to analyze the core competitiveness of China's commercial Banks,hoping to provide useful inspiration for improving the current situation and strengthening the core competitiveness of China's commercial Banks.This paper selects the data of 13 commercial Banks from 2007 to 2017 as the research object,analyzes the three components of environment,resources and capacity,analyzes the value chain theory of commercial Banks,and selects the first and second indicators to build the evaluation index system of the core competitiveness of commercial Banks.Different from previous studies,this paper is based on the analysis of core competitiveness component theory and value chain theory of commercial Banks,which reduces the influence of subjective factors,so it is more comprehensive and scientific.The structural equation model of confirmatory analysis is used in this paper,which is different from the existing research.Most of the existing studies use a single exploratory statistical analysis method such as factor analysis or regression analysis.The research results of this paper are more consistent with the internal relations of the core competitiveness of commercial Banks,and can more accurately reflect the status quo of the core competitiveness of China's commercial Banks through the results of empirical analysis.The main conclusions of this paper are as follows :(1)the overall advantages of state-owned Banks are obvious.In the horizontal analysis of the core competitiveness evaluation results of China's commercial Banks,it can be seen that China's four state-owned commercial Banks have obvious advantages in terms of resources and environmental factors.(2)joint-stock firms highlight their advantages in capability factors.China's four major state-owned commercial Banks have advantages in terms of resources and environmental factors,but in terms of capacity factors,joint-stock Banks are among the best and far superior to state-owned Banks in terms of growth capacity.(3)the core competitiveness of commercial Banks is gradually improved.Through the longitudinal analysis of the evaluation results of the core competitiveness of China's commercial Banks,it can be seen that the comprehensive strength,resources,capacity and environment of the core competitiveness of China's commercial Banks are all improved year by year,and are not greatly affected by economic fluctuations.Finally,based on the research results of empirical analysis in this paper,combined with the basic national conditions and current situation,this paper puts forward a series of targeted Suggestions,in order to improve the current situation and enhance the core competitiveness of China's commercial banks to make valuable contributions.