| China’s foreign exchange reserves at the end of1993balance of$21.2billion, but until the end of2012, the balance of China’s foreign exchange reserves reached$3,311,600,000,000. In the backdrop of the foreign exchange reserves increased year by year, in2006, when he was appointed central bank vice governor Wu Xiaoling "hidden Meeting the people" this historic concept, advocated by market-oriented approach to solve the current foreign exchange reserves of the Bank of China increased year by year and structural asymmetry problem. This is a great encouragement to individual foreign exchange transactions of domestic investors, active use of fluctuations in foreign exchange rate movements on the international foreign exchange market foreign exchange transactions, not only to avoid exchange rate volatility risk, but also able to hand the preservation and appreciation of foreign currency assets.Deposit and loan spreads situation in the one-year benchmark interest rate of the deposits and loans of the People’s Bank of China announced on May1,1996, the interest spread of3.98percentage points, save since July6,2012loan spreads have narrowed to2.75percentage points. And external financing through bank loans, as time progresses, the indirect financing through bank borrowings will be getting lower and lower percentage in corporate finance. Trend of deposits and poor space compression and enterprises gradually reduce the reliance on bank financing, commercial banks are constantly looking for new business, develop new profit growth point. Commercial bank personal foreign exchange business is not only a very low occupancy rate of economic capital and risk and high profit contribution, and the trend of internationalization of the RMB, will increasingly become the development direction of the banking business. However, due to the development of China’s commercial banks in the individual foreign exchange trading business is only twenty years of history, but also due to the restrictions on the country’s current foreign exchange policy, individual foreign exchange transactions of various commercial banks there are not only trading a single species, and the internal mechanism is not perfect, professional The good and bad mixed trading system is imperfect, and business development strategy and business philosophy immature situation. Therefore, how the upper and lower overall linkage, seize the opportunity to accelerate development, to gain greater market space for development, and foster new profit growth point, becomes necessary to make some explore.Wenzhou, Zhejiang, and even the famous hometown of overseas Chinese in the country, the city’s more than50million overseas Chinese overseas, every year a large number of foreign funds into or brought into the foreign currency savings and therefore very rich in resources. The ABC Bank branch in Wenzhou City on December21,2001officially opened personal foreign exchange business, with excellent business promotion and customer marketing efforts, and improve the trading system, first-class venues and facilities, competitive trading offer other advantages, business extremely rapid development momentum in official trading on the first day of trading volume that is nearly$100million, the highest daily turnover hit a record, the highest single-day trading volume exceeded$270million. But the actual problems encountered with the the ABC Bank personal foreign exchange business start-up process and not at the business development to frustrated and decline, until2012, annual volume of only$1.2billion, the situation is not optimistic. Comprehensive analysis of the reasons, by the macroeconomic environment and the operating mechanism, with ABC Bank, Wenzhou Branch Bank’s own business is closely related to the ABC Bank Wenzhou branch of their own strength and competitiveness, make sweeping changes to adapt to the new operating situation is imperative.This article is based on the importance of the development of personal foreign exchange business of commercial banks and urgency, first of all to the development of individual foreign exchange transactions of commercial banks business background and the domestic industry to the development of individual foreign exchange transactions of commercial banks Business Research brief exposition presented writing of this thesis practical significance. Then the concept and characteristics of the foreign exchange currency trading by commercial banks of the exchange price of two ways, the major international foreign exchange market, a systematic exposition, in order to have a basic understanding of foreign exchange transactions, laid the necessary theoretical basis for this thesis research. Then, through case investigation and analysis of the commercial bank personal foreign exchange business start-up process of the actual problems encountered and not at, summed up the measures and countermeasures commercial bank shall develop personal foreign exchange business should need to be addressed.First chapter first introduces the research background and significance of the development of personal foreign exchange business of commercial banks, as well as the theoretical study abroad on exchange rate determination, the domestic development of individual foreign exchange business practice and exploration, this paper research methods and ideas. Sketched out the framework of this study. Finally, pointed out that the research and innovation and shortcomings.The second chapter, the main concepts and features from foreign exchange of commercial bank transaction currency, exchange rate the price of two ways, the major international foreign exchange market, the basic exposition.Chapter III through case research problems encountered in the ABC Wenzhou branch of the Bank of personal foreign exchange business development, economic profile from the introduction of Wenzhou, Wenzhou individual foreign exchange business profile, specific and in-depth ABC Bank, Wenzhou Branch personal foreign exchange business case study.Chapter IV, ABC Bank, Wenzhou Branch personal foreign exchange business SWOT analysis.Chapter V, combined with the actual put forward feasible suggestions for the development of commercial bank personal foreign exchange business.Innovation of this paper and specialty also lies in this:This article is based on the practical research of the author of the ABC Bank, Wenzhou Branch personal foreign exchange business development, based on years of organizing the block of business to specific business practices, the use of real case data analysis ABC Bank of Wenzhou Branch personal foreign exchange business problems. ABC Bank, Wenzhou Branch develop personal foreign exchange business at the same time easy to understand layers of analysis.In this paper, the study found that all commercial banks in the development of intermediary business, the development of personal foreign exchange trading business got a better understanding on the depth and breadth and requirements, they pay more attention both to control operational risks, but also the healthy development of the block of business. In the increasingly fierce banking competition process for ABC Bank branch in Wenzhou City, a complex competitive internal and external environment, only by enhancing the management level of the individual foreign exchange business, banks bigger, stronger business in this block. |
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