Research About The Innovation Of Financial Business For Joint-stock Banks In China

In recent years,the financial market in China has a rapid development,not only the number and scale,but also the player involved,created one after another good performance.Joint-stock banks,in the forefront of financial innovation,has won the recognition of customers and account for a very high market share. While because financial business in China existed not for long.there are lots of problems need commercial banks to solve.and lack of innovation is the core of all the problems.For these problems which commonly presented in banks’financial business in China,this paper uses the theory of financial innovation to study and solve the problems,in order to provide vatiety designed products and rich-contented service and convenient&efficient process for financial business,this paper uses the way of case and empirical and questionnaire to study the innovation of financial produc.financial service,and financial process.The main line of this paper by using the theory of financial innovation to study financial product,financial service.and financial process respectly,and,ultimately achieve the financial business innovation of joint-stock banks in China.The main content of this paper are:Introduction part mainly introduce the background,purpose,and significance of this paper.Due to the lack of effective supervision led the financial crisis happened,which let the regulatory authorities further realized the importance of the regulation,so they assigned a set of regulatory rules and regulatory requirements to propose a more stringent capital requirements to commercial banks,so depend on the deposit and lending sprends to survive by China’s commercial banks will be more and more difficult,which require banks to change.Throughout the banks in developed countries main found that intermediary business occupied a very important proportion and status,while the proportion of intermediary business in China’s banks still very low. With the presence of capital constraints, the development of intermediary business will be a popular choice, and the inevitable direction of the bank in China.Financial business,as a very important intermediary business, has achieved a good development in China,because of this,this paper focuses on the study of the joint-stock banks’financial innovation.Research significance of this article can be reflected from the theoretical level and a practical level.On the theoretical level,this paper from the innovation of financial products,financial service,and financial process to study how the joint-stock banks to achieve the innovation of financial business,this systematic and targeted research will enrich the theoretical foundation of the domestic research about financial business innovation of joint-stock banks.On the practical level,because the purpose of this paper is to better serve the financial business for joint-stock banks to carry out,so,in order to better reflect the practical value of financial business,this paper used the method of case,questionnaires,comparative analysis,and empirical research.In order to clear the direction of this study,Chapter One firstly defined the concept of finance.Meanwhile,briefly reviewed the literature of domestic and foreign experts and scholars on the strategic choice and market positioning about medium-sized banks.Many researchers believe that the capital-saved business will become the trend for banks.Secondly,the paper traces the path of the joint-stock banks to know the development course of financial business in China.And from different types of banking institutions to analyze the development situation of China’s financial business.In order to have an in-depth understanding of competitiveness of the financial business in China’s joint-stock banks,this paper used the principal component analysis method,the empirical results show that China Merchants Bank,China Minsheng Bank and China Everbright Bank are top three,which highly degree of convergence with the existing evaluation methods and realities.Finally,this chapter mainly from financial products,financial service and financial processes to analysis the current problems of financial business in China’s joint-stock banks.While to solve these existed problems of financial business is the main purpose of this paper.In order to solve the existed problems,the key step is to interpret and reconstruct the core elements of financial products,financial service,and financial process contained.So,Chapter Two uses the theory of financial innovation to analysis what elements the financial product,financial service,and financial process contain.On this basis,lay the theoretical foundation for the later study.In order to become familiar with the existing status of financial products’ design,Chapter Three firstly combing the basic design architecture of the existing financial products.Secondly,mainly from both open and structure to discuss the innovation of financial products,and give some ideas for innovation design,such as design the Tian Tian financial products or use the way of fund to design the open financial products,and so on.Finally,on the base of the theoretical analysis, this paper,uses the dividend stocks as investment target,designed a kind financial product,which can enrich the types of financial products,also because dividend stocks have an active secondary market,joint-stock banks can try to let this type of financial product issue stock listed and traded.Chapter Four start from the main content and characteristics of financial service and then give some strategies selection for financial service.This paper choose a joint-stock bank and its customers as a representative to survey the current problems of the quality of financial service by questionnaire.Then collate and summarize the research information from the customers.by this information can evaluate the real quality of the financial service that joint-stock bank provided,and then give some proposals for financial service of joint-stock banks.Taking into account the actual of financial service.so before survey,this paper increase the transparency of financial information and financial disputes in the setting of the questionnaire asked items,which can not be seen in the previous study,and it can also well combined the conclusion with the actual financial market.In order to have an overall grasp of the banking reengineering.Chapter Five firstly combing the literature about the banking reengineering.This paper uses the SWOT method which contains the external opportunities and external threats.internal strengths and internal weakness to analyze the status of financial business of joint-stock banks.knowing the space in which the joint-stock banks can fulfill the process reengineering.This paper find that by changing the relationship between financial business,financial business activities and financial business management,is a good way to improve financial business of joint-stock banks.Finally,this paper uses a joint-stock bank as a case to analyze the deficiencies of financial process of the joint-stock bank,and then gives a series of suggestions for structure reengineering of financial process.The last Chapter is the conclusion of this article and a review of this research ideas and research course.In this paper,the theory of financial innovation is the theoretical basis for the research of financial business innovation for Chinese joint-stock banks,this paper comprehensively uses a multi-disciplinary of Finance and Management,and in the course of the study,this article also comprehensively uses the empirical research method,questionnaire method and case study method,all what the paper do is to have a systematical and comprehensive analysis of financial business provived by joint-stock banks,this is the innovation of this paper.Of course,for the financial business of joint-stock banks covers three aspects of financial product,financial service and financial process,which resulting no in-depth analysis for each aspect;meanwhile,there is still a lot of room for improvement in the method of empirical analysis,questionnaire survey and case analysis.