The Internationalization Of The Joint-equity Commercial Bank Of China: The Causes, Paths Choice And Locations Choice.

According to the WTO commitments, the financial markets of China have been completely opened up in December 11, 2006 and the Chinese financial sector has to face to the international competition. Entering WTO and opening financial market is more meaningful for domestic commercial banks:"The Commercial Banks Internationalization"in our country. The foreign banks which are rich in management advantages, technical advantages and property advantages will enter China immediately. In the same time, our country commercial bank, especially the Joint-equity commercial banks also face the question which is how to go to the world financial market. After many year reform and development, our country's Joint-equity commercial banks have many respects, and have highly competitive beyond state-owned commercial Banks, so the conditions of internationalization of the Joint-equity commercial banks already mature.November 8, 2007, China Merchants Bank's New York branch is established, it means the important step of Chinese joint-equity commercial bank in the world's biggest financial market -- the American market, it also means that the strategy of Chinese joint-equity commercial bank Internationalization is preliminary success. Although many Chinese bank have their institutions in the United States, but only the Bank of China and the Bank of Communications have the representative business properties in the U.S. currently. It also highlights the Chinese joint-equity commercial bank's advantage. Meanwhile, China Minsheng Bank is lose in buying United Commercial Bank (UCBH), but its capacity based on development strategies and strength has showed. In addition, every main Chinese joint-equity commercial bank's long-term development report has listed their goals of internationalization. The internationalization is the trend of Chinese Joint-equity commercial banks at this time.This article mainly research on the basis of predecessors' achievements, and combine with the particularity of Chinese joint-equity commercial banks and Chinese economic and financial environment, and try to solve two problems about the path choice and location choice of the Chinese joint-equity commercial bank's internationalization. In order to solve: One, what the Joint-equity commercial banks'particularity and the difference with other banks in China is; Two, what the causes of the Chinese joint-equity commercial banks is; Three, Chinese joint-equity commercial banks should choose which approach to international operations, and its advantages in internationalized operation; Four, Chinese joint-equity commercial banks internationalized management's location choice, and which factors affecting the choice. So far, there are no papers about Chinese joint-equity commercial banks'internationalization problem, this paper try to give the guides to the banks which want to develop in the world.