Title: An Analysis on Financial Product Innovation of China's Commercial Bank China
Abstract: In the west,product innovation is the important means of enhancing their core competitiveness for commercial Banks.At present,our finance system reform is being further deepening,market openness are being gradually enhanced,and the competition will be increasingly fierce.However,the banking products innovation ability of China remains relatively weak.This essay starts from the the status quo of the product innovation,then points out the serious problems existing in Chinese commercial bank financial product innovation,such as low degree of product integration,lacking of innovation autonomy,product originality inferior to the international standards,and homogeneity phenomenon,etc.And the commercial bank financial product innovation tendency and the causes of deficiency of its innovation ability are analyzed.Finally,the policy suggestions are given as following in order to improve the commercial bank product innovation level.The management department should improve the policy environment of product innovation,and the commercial banks should vigorously promote the system construction combining with the requirement of product innovation,as well as expanding the cooperation between foreign banks and domestic banks.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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