Research In Development Format Of Commercial Bank Featuring In Integration Of Industry And Finance

Recently as long as the integration of industry and finance becomes more and more popular in China, it is getting into a hot topic that how banks featuring in the integration of industry and finance will develop. The integration of industry and finance is combination of industrial capital and financial capital and is an inevitable product as market economy develops. The concept of the integration of industry and finance first occurred abroad, tracing back to the middle of the 17 th century with the occurrence of modern bank format. The integration of industry and finance in China is still in its preliminary stage, sprouting in the eighties, the 20 th century, developing in the nineties, declining in 1995 due to the government’s reorganization of the financial market, and the enthusiasm of the industry in investing financial market running high one more again since establishment of China Banking Regulatory Commission. Bank of Kunlun was established and wholly owned by CNPC in 2009 after approval from China Banking Regulatory Commission, ever since it’s getting involved in practicing and discovering the new bank format of integration of industry and finance in China. Till now Bank of Kunlun has been listed in the sequence of banks featuring in integration of industry and finance together with Zhuhai Huarun Bank and is making great process in promoting Chinese bank format of integration of industry and finance. With the combination of literature research method and case research method, this article starts from research in the theory of integration of industry and finance, illustrates the concept, theory development, internal and external development, compares related cases at home and abroad, concludes pros and cons of different formats of integration of industry and finance and thus presents proper format of integration of industry and finance that fits Chinese circumstances. Furthermore, based on Bank of Kunlun’s practice and analysis on related data and information since its consolidation, the article concludes Bank of Kunlun’s features in integration of industry and finance, namely distinguished corporate governance, distinguished human resource, distinguished corporate culture, distinguished energy strategy and distinguished development layout.Based on deficiency in Bank of Kunlun’s development, this article presents proposals for future development and policy, namely basing on the Four Innovations, strengthening the building of Five Abilities, discovering establishment of Six Formats, tackling Seven Relationships so as to realize the objective of internationalization, large scale, specialization and branding.