On Financial Innovation Of China's Policy Banks

The policy bank means that those are established, participated in by shares or guaranteed by the government more, do not regard making profits as object, In order to carry out, cooperate with government's social economic policy and intention specially, or the indirect one is engaged in the financing activity of policy in the specific business field, serve as government's economy of developing, promote social progress, carry on the financial institution of the macro-economic management tool.Three policy banks of China are established ten years ago, have formed the system frame of policy-related finance management basically, have established the indispensable position in the banking system of bank of policy tentatively; Cooperating with the implementation of the national industrial policy , is being raised and guide the social fund; Support the national infrastructure, construction of basic industry and pillar industry; Support the agricultural byproducts to purchase; Support the exports of electronic products and complete sets , Promote the respects, such as upgrading of the export commodities structure of our country, etc. to play an more and more important role, have supported the development of national economy effectively.However, because the market economic system of our country is still imperfect, the policy banks have already exposed many questions and contradictions in reforming the environment, management system and operating mechanism etc., hiding greater business risk. With financial liberalization, the development at full speed that the finance globalized, of various countries policy bank utilize capital market solve oneself difficult capital source, fund application, risk person who take precautions against problem that solve not merely, still start the enormous development space through the financial innovation of the business. So, the policy bank of China survives and develop, must use international experience for reference extensively, fully utilize inside and external advantage, carry on overall financial innovation in good time. The full text divides into four parts to describe.Chapter one, explain and studies current situation and development trend of the policy bank of China at first. then, in terms of international vision, have compared with the development trend synthetically the current situation that the policy banks of foreign countries innovated the finance, choose Kreditanstalt Fur Weideraufau (KFW), Japan Development Bank (DBI) and Korea Development Bank (KDB) three representative policy bank as the example. Finally, get some valuable experience that can be used from comparing in world for reference.Chapter two, have described necessity and feasibility that the finance of policy bank of China innovates. Have analysed the subject matter that the policy bank of China exists in capital source and fund application, point out that capital market operation can open up the good existence development space for the policy bank, and have far-reaching social effects, the policy banks should fully utilize the internal and external advantage, carry on the financial innovation of the whole business.Chapter three, carry on the discussion to of China capital and debt financial way of innovation of business, bank of policy. This part is a focal point of a full text. The article proposes, the policy banks of China should fully utilize the capital market, modern financial instruments, carry on financial innovation to its capital business and debt business. Have put forward the concrete suggestion and realize the way, and has carried on the deep discussion .Chapter four, carry on some questions that finance innovation at the same time should notice explain to policy banks of China. Should pay attention to handling the relation with the organizations, such as government, Central Bank, commercial bank, etc. well; Should pay attention to the finance and achieve the policy; Should pay attention to the finance and take precautions against various kinds of risks while innovating.