China's commercial banking business how to innovate

I. Establishment of business innovation mechanism. Including organizational management, information transmission, product development,

risk costing, assessment and incentives, talent introduction and training, technical support and other mechanisms.

1. Sound organization and management mechanism. From the perspective of business innovation system, at present China's commercial bank

Bank organization system is a legal person, intensive operation, professional management, branch autonomy

limit is small. Under this organizational system, even if the grass-roots branches have the motivation to innovate, they do not have

specialized R&D institutions and talents. Therefore, it is necessary to establish a set of complete and unified business innovation organization

organization institutions, specifically responsible for the research and development of business innovation and organization and leadership, and to clarify the status, functions and roles of branches

in business innovation activities, so as to form an organization that starts from the market demand-

feasibility study-

pilot launch-

follow-up and implementation of business innovation. Product R&D - Pilot Launch - Tracking and Feedback - Improvement and Promotion, each of which has its own duties and

responsibilities, and is organically linked and operates in an orderly manner.

2. Improve the information transmission mechanism. The top-down and bottom-up multi-channel

information transmission mechanism should be improved as soon as possible. Branches of domestic commercial banks should improve their ability to respond to market demand information and

innovative product market dynamics, constantly put forward opinions and suggestions on innovation, and actively reflect them to

up. It is necessary to strengthen market research, track the new trends of domestic and foreign financial services and financial products,

define the strategic objectives, and actively promote business innovation, as well as guiding the operating institutions in the

marketing of innovative products.

3. Establish a product development mechanism. It is necessary to strategically establish a sound product catalog of business innovations that is in line with the actual situation of Chinese-funded commercial

banks and the domestic financial market and is forward-looking,

based on the degree of urgency of the demand for innovations, and to deal with the relationship between the short-, medium-, and long-term benefits, and to organize research and development of business

innovation products in a systematic manner. In the process of product development, attention should be paid to combining the actual situation of business processes of commercial banks

to meet the needs of customers and risk control needs, do not blindly seek for the new,

not blindly develop products that do not adapt to the domestic market and increase the bank's risk.

4. Establishment of risk cost mechanism. At present, some commercial banks do not have a correct understanding of the risk cost of financial innovation

and the lack of motivation to innovate due to the fear of risk. To carry out business innovation,

it is necessary to establish the concept of risk cost, encourage bold attempts, tolerate failure. Guide employees to actively

positive way to deal with business innovation, the courage to forge ahead, dare to bear the risk of innovation.

5. Establish assessment and incentive mechanism. Clearly define the requirements for business innovation development, research, management and other aspects of

Requirements; clarify the rights and responsibilities between departments; clarify the rewards and penalties for business innovation, and strategically establish and improve the incentive mechanism for financial innovation to maximize the activation of the intrinsic motivation of innovation. In

Increase the strength of material incentives at the same time, pay attention to spiritual incentives, the formation of a strong atmosphere of respect for talent

Surrounding, so that the staff's personal value to obtain the maximum degree of realization, so that they in the process of the work of

Get a sense of achievement and satisfaction. Appraisal incentive mechanism in focusing on strengthening the spirit of innovation at the same time,

to cultivate risk prevention awareness, in focusing on the assessment of the number of innovative products at the same time, pay attention to the assessment of

Innovative products produce benefits.

Second, adhere to the combination of "fetishism" and independent research. According to the current market conditions,

commercial banks can imitate the liability management, sale of accounts receivable, automatic transfer

services, floating-rate notes, money market mutual funds, foreign exchange swaps, money market deposits

accounts, currency swaps, interest rate swaps, securitization of loans, and other products of developed countries abroad, and actively carry out characteristic innovation.

It is not yet appropriate to copy and promote the financial derivative products of foreign developed countries on a large scale.

Meanwhile, China's basic, traditional business can be based on the development and changes in market demand and technological

technological advances to carry out the corresponding transformation, from the actual operation of China's financial, research and development of new financial business suitable for the reality of our

country.

Third, to provide legal protection for commercial bank business innovation. Through the protection of intellectual property rights of commercial bank business innovation

new, financial innovation products

products that are conducive to economic development and expanding financial consumption

policy concessions, such as allowing commercial banks to apply for patents for business innovation products, giving

commercial banks business innovation a certain period of protection. For some innovative products, but also to give legal

legal protection.

Four, for commercial banks business innovation to provide a suitable regulatory environment. First of all, financial regulation

essentially should encourage, protect and regulate innovation. From the current provisions of the "can do what can only do what

what" to the provisions of the "can not do what the rest can do" change. Secondly, commercial banks in China can be characterized as having both monopoly and excessive competition, with monopoly curbing the intrinsic impulse to innovate and undue

competition destroying the external order of innovation. Regulators should manage all commercial banks according to market

principles, abolish all kinds of policy discrimination, so that commercial banks can operate and develop on their own under the same policy conditions.

Fifth, take effective risk prevention measures. Business innovation is a "double-edged sword", in the promotion of

In the rapid development of commercial banking business at the same time, it is also very easy to generate risk. When designing

financial innovation products, financial institutions must first consciously minimize their risks and establish a strict

system to implement risk prevention measures. It is necessary to establish an effective risk warning mechanism for innovative businesses

, consciously utilize the market to test various innovative businesses, monitor their risks, improve innovative

products at the right time, and set up an effective risk prevention system and a strict follow-up monitoring mechanism. For

some financial innovations for which China does not yet have the conditions for development, and which are speculative and virtual in nature, they should be

researched seriously, controlled strictly, and developed prudently.