After Joining The Wto, Competition And Development Strategies Of China's State-owned Commercial Banks Studied

Finance is the core of modern economy; the commercial bank is the main body in each country's financial system, whether the operational condition is good or not plays a significant role in stabilizing and developing finance. With the rapid development of financial internationalization and globalization, especially after the accession of WTO, pace that Chinese finance enter the world financial market fasten apparently. The influence that foreign bank bring toward the state-owned commercial bank is increasingly obvious.This paper analyzes the developmental tendency of foreign bank and competitive focus between Chinese and foreign bank, attempts to present the strategy of competition and development for the state-owned commercial bank based on referring to the successful operational and administrative experience from foreign bank while incorporating the fundamental condition of China itself. The article is made up of five sections:The first section, the relevant regulations concerning the bank terms in the WTO regulation and the commitment of Chinese bank system. This part mainly introduces the agreement concerning financial service of WTO regulation and commitment toward WTO. The second section, analyzes development condition of Chinese domestic bank after entering the WTO. Firstly introduces the actuality of Chinese state-owned commercial banks and foreign banks, and then analyzes the developmental tendency of foreign banks. Make a conclusion that foreign banks will drastically compete with the domestic banks in these aspects such as elitist, high quality service and new product market share.The third section, introduces that the entry of foreign banks will have an effect toward state-owned banks. Form two aspects, analyzes the influence of foreign banks brought. Although the foreign banks' entry will decrease the market-owned rate and profitability but at the same time, will accelerate the property reform, elevate the market competitive ability, make them adapt to the global developmental trend and integrate themselves into the world finance market with a faster pace.The forth section, the successful operational and administrative experience of foreign banks. This section introduces the mode of advanced company management structure in western country, the financial innovational process and production of western banks, the consummate marketing theory and the human resource management mode of western commercial banks.The fifth section, after the accession of WTO, the strategy of competition and development for the state-owned commercial bank. The essay provides adaptive and decisive advices concerning the competition and development strategy based on the current developmental condition of China.1.Establish the corporation governance structure as soon as possible. 2.Fasten the transformation of operational and management concept.3.Emphasize the exploitation and management of human resources. Establish the internal risk-inspiring and restricted system. 4.Fasten the financial innovation; adjust the structure of operational product. 5.Perfect the internal risk controlled and managed system. 6.Increase the collaboration with foreign banks, learn the successful experiences of foreign banks, and elevate the comprehensive competitive abilities of state-owned commercial banks. 7.Take enforce the effective reform measure, create the good external environment for smoothly development of state-owned commercial banks.