Analysis On The Development Of Retail Banking Business Of Joint-stock Banks In China

Since the establishment of joint-stock banks in 1987,the scale and quality of assets and liabilities of joint-stock banks have been greatly improved,which has become a new force in our banking system,created vitality for the development of banking industry,and become an important part of our national economy.Under the trend of accelerating interest rate marketization,deepening financial reform,tightening industry supervision and intensifying competition,the deposit-loan spreads of commercial banks are getting smaller and smaller.Retail business transformation has become the vital way for the development of banking business.Retail banking has a huge space for development.It has the trend of continuous improvement of deposit-loan ratio,excellent loan quality and structure,stable growth of non-interest income,and significant improvement of cost-income ratio.It has gradually become a high-quality business to enhance the profitability of commercial banks.Although some joint-stock banks are also undergoing retail business transformation,there are some problems,such as imperfect system,inadequate innovation ability and risk.As the earliest commercial bank in China,China Merchants Bank puts forward retail bank as a key development.Its successful transformation and development provide a reference for many joint-stock banks.Starting from the present situation of the development of retail business of joint-stock banks in China,this paper sums up the contribution of retail banking business to business income and profit,the advantages of retail scale and other aspects in the current retail transformation of joint-stock banks,and finds that there exist problems such as imperfect retail system construction,insufficient innovation ability,serious infiltration of Internet financial institutions and insufficient risk control ability.Combining with the development process and strategy of the three retail business transformation of China Merchants Bank,this paper compares the profitability,liquidity and asset quality of the retail business of China Merchants Bank and the joint-stock banks in the same industry,highlights the high profits brought by the retail banking business of China Merchants Bank under the strong risk control,so as to form the leading advantages of domestic retail banking industry.This will provide experience and enlightenment for the transformation and development of retail business of other commercial banks,and promote the stable development of China's financial industry.