What changes and transformations does China's banking industry face?

Four Trends and Three Directions of Banking Reform and Transformation in China

One of the trends: actively change the growth mode and implement integrated management.

The second trend: cross-border operation will become the norm, and the combination of industry and finance will be more extensive and specific.

Trend 3: Mobile Internet information technology will change the traditional business model of the banking industry.

Trend 4: The application of technologies such as big data will reach an unprecedented height.

One direction: diversification and comprehensive management. With the gradual deepening of financial reform, it is difficult to meet the requirements of interest rate marketization by separate operations. In fact, the innovation of financial products has broken through the separate supervision, making the boundaries between financial formats gradually blurred. Judging from the development experience of foreign developed countries' financial industry, it has experienced the development process from separate operation to mixed operation, and diversified and integrated operation is the general trend. From the specific operational level, China's commercial banks need to cooperate with other non-bank financial institutions to provide comprehensive financial products and services.

The second direction: international operation. China's reform and opening up is not only reflected in "bringing in" foreign capital and foreign enterprises, but also in "going out" of Chinese-funded enterprises. Financial capital is attached to industrial capital. Without the development of industry, the financial industry has no basis for development. Therefore, the integration of financial capital and industrial capital is the key to support the strategy of going global. Support the internationalization strategy of Chinese banks and provide localized and diversified all-round financial services for "going out" enterprises.

The third direction: innovative intelligence. Innovation is the vitality and motive force of bank operation and development, and it is an inevitable choice to meet various challenges. It is necessary to establish the concept of innovation, run innovation through the whole business development process and all business lines, and innovate in institutional mechanisms, products and services, business models and so on. Intelligence is an important direction of bank innovation, which is not only reflected in allowing customers to enjoy financial services quickly and at low cost, but also in the convenience of bank employees' operation and the bank's keen insight into future development.