Research On The Appraisement Of Competence Of CITIC Bank And Its Improvement Methods

Because of the reasons of history and system, our financial industry is dominated by bank. If Chinese commercial bank can not stand steadily in competence, bank industry as well as Chinese financial industry and economic security will be under danger. Since the 2001 accession to WTO, China's reform of commercial banks continues to make progress. As the WTO commitment gradually implemented, the impact on the bank industry gradually emerged.After the formal open to foreign investment and canceling the ownership and non-prudential measures of management and establishment form of financial institutions, the full competition between the domestic and foreign commercial banks has been in full swing. With the advantages such as strong capital, high-quality assets, and flexible operational mechanism, foreign banks bring unprecedented pressure to the full opening China's bank industry.As the reform of financial industry speed up, coming into the market has become the inevitable development of the bank sector. By the end of 2009 August, there are some banks to be listed. However, we should also clearly see that there are still many problems in Chinese bank sector, and its fundamental reason is that banks are not competitive enough. In 2007, the global financial tsunami triggered by the U.S."sub prime mortgage"crisis caused a huge impact on the global economy especially banking and financial sector. Bank sector is facing many challenges, many investment bank crises. Improving own competitiveness and business performance, become the key to prevent the risk after the opening of Chinese financial sector.This paper set Chinese CITIC Bank as the object to study, by building evaluation model; it appraises the status of competence of Chinese CITIC Bank and proposes effective ways to improve their competitiveness. The first part is the introduction. Under the background of global financial developments, this part reviews the current status of the domestic and foreign research; clarify ideas and methods of this paper, defines clearly the innovative and weak. The second part is the design of bank competitive evaluation index system and the model design. This part mainly includes the construction of the evaluation index system, the selection of evaluation methods and the design of appraising model. The third part is the background analysis of CITIC Bank. This section analyzes the development process of CITIC Bank, the basic status and its advantages and disadvantages. The fourth part is the competitiveness evaluation and comparison of CITIC Bank. By selecting a sample and the calculating of index overall weights, this section conducts evaluation and comparative study for the competitiveness of CITIC Bank. The fifth part is the study of improving ways of competence of CITIC bank. This part suggests several competitiveness improvement ways to encounter the aforementioned problems.