The Theoretical And Empirical Study On The Core Competitiveness Of Listed Commercial Banks In China

With the opening of China's financial market and the promotion of global integration process,the strong foreign banks and China's commercial banks have launched unprecedented comprehensive competition,which has made the operating environment changed dramatically.The simple scale drive of commercial banks is coming to an end,the regulatory arbitrage disappears,and the extensive expansion era ends,and the bank will enter the new era.Therefore,to improve the core competitiveness of commercial banks has become the most important task in the development of commercial banks.Therefore,the comprehensive analysis and evaluation of the competitiveness of commercial banks is meaningful and imperative for the development of China's financial market.The theory and application of enterprise core competitiveness have been developing rapidly in the last 30 years.By referring to a large number of domestic and foreign academic papers and related journals,this paper expounds the connotation and extension of the core competitiveness of enterprises,and sorts out the concept of the core competitiveness of commercial banks.Commercial bank is a special kind of enterprise,which needs further theoretical and empirical research.The core competitiveness of commercial banks mainly consists of resource elements and capability elements.Based on the resource elements of human resources,material resources and intangible resources mastered by commercial banks,different capability elements are constructed at the upper level,including management ability and sustainable development ability.The top level is the core competitiveness of commercial Banks.This article chose factor analysis as the core competitiveness of commercial banks analysis method,selecting 6 first-level indicators and 13 secondary indicators,including indicators including safety evaluation index,liquidity index,profitability index,development ability evaluation index,the scale strength innovation ability evaluation index and evaluation index.The selection of indicators simultaneously satisfies the scientific principle,comprehensive principle,comparability principle and operational principle.In the empirical part of this paper,16 commercial banks that had been listed on the a-share market by June 2016 were selected as the research object.The 2017 annual reports published by the most time-sensitive banks were selected as the source of sample data,and SPSS Statistics 21.0 was used for factor analysis of the data.Through the dimensionality reduction of 13 factors,four common factors were finally obtained,namely,scale strength and stable profitability factor,growth ability factor,risk management factor,innovation ability and liquidity factor.The top banks were China construction bank,Ningbo bank,agricultural bank and industrial bank.In the comprehensive ranking,four large state-owned joint-stock banks,including industrial and commercial bank of China,China construction bank,agricultural bank of China and bank of China,are leading,while Hua Xia bank,China Min Sheng bank and China CITIC bank are lagging behind.In the end,the paper puts forward some policy suggestions for improving the core competitiveness of commercial banks,such as improving the profitability of commercial banks,enhancing risk awareness and risk management,and developing actively and focusing on innovation based on the results of the empirical analysis.