| The philosophy of Corporate Social Responsibility is a result of social development to a certain stage, which stands for human progress. Its intension is as corporate should be responsible for all the stakeholders including the shareholders, and Corporate Social Responsibility may be divided into four layers (financial, legal, moral and charitable) which is beyond the previous theory that corporate should only be responsible for its shareholders. The current financial system of China consists of the People’s Bank of China and state-owned commercial banks as its principal part, coexisting with other financial organizations. State-owned commercial banks appear to be in the monopoly position by the virtue of advantages in assets size, market share, number of staff and branch networks. Since China start to reform and open 30 years ago, state-owned commercial banks have become a significant department in Chinese economy and have been more and more international. After the baptism of the global financial crisis, taking on the corporate social responsibilities seems to be particularly urgent and important to the state-owned commercial banks in China.This essay firstly portrays the content of Corporate Social Responsibility of state-owned commercial banks in China on the basis of relevant theories. Secondly, it analyzes some achievements and shortcomings of these banks’practices. The achievements include economic growth each year, contribution to environmental protection, increase of harmonious degree of the bank staff. The shortcomings include lack of anti-financial crimes ability at the legal level, needs to improve staff-care at the moral level, need to devote more focus on the content of social charity. Furthermore, this essay takes Nanjing ICBC for example and explains the reasons for the above-mentioned shortcomings should contain banks’ lack of self awareness, lack of macro supervision, and the supervision function of stakeholders in not fully played. Lastly, it gives such specific suggestions on how to improve the existing circumstances as improving self awareness, enhancing regulatory system construction, innovating management, cultivating talent, and at the same time arousing the interests of the government, customers, the community and other stakeholders to improve the external regulatory. Finally, this essay looks forward for the future by absorbing good methods from both home and abroad, and suggests state-owned commercial banks pay attention to innovation in the fields of charity finance and public welfare investment in order to promote the harmonious development of society as a whole. |
