Study On The Financial Innovation Ability Of Urban Commercial Banks In Central China

The rise of Central China is the core policy to promote the rise of Jiangxi,Hubei,Hunan,Henan,Anhui and Shanxi provinces.The central region of China not only has the strategic orientation of "three bases,one hub",but also occupies a key position in the national economic pattern.Create a new growth pole in the central region,it needs two-pronged "blood transfusion" from the country and "hematopoiesis" of the central region itself.Finance is the core of modern economy.Finance plays a role of lubricant in the process of economic development.Urban commercial banks have become an indispensable part of Chinese financial system and financial market,that is,six large state-owned commercial banks and twelve national joint-stock commercial banks after the "third echelon".At present,it is urgent to promote the innovation and development of the city commercial banks in the central region in order to carry out the strategy of "the rise of Central China" deeply.How to effectively improve the overall innovation ability of the urban commercial banks in the central region is a major issue related to the financial stability and even the overall development of the central region.Therefore,it is of great theoretical and practical significance to use the scientific evaluation method to evaluate the innovation ability of the city commercial banks in the central region,and to put forward feasible countermeasures and suggestions to improve the innovation ability of the city commercial banks in the central region.First,Based on the general enterprise innovation theory and the traditional commercial bank innovation theory,this paper discusses the basic connotation of financial innovation and the particularity of urban commercial bank financial innovation.It defines the basic connotation of the financial innovation ability of urban commercial banks,and comments on the evaluation methods of the past innovation ability,which provides the theoretical support for the empirical analysis below.On the basis of studying the existing financial innovation evaluation system of commercial banks,this paper establishes a set of evaluation system of financial innovation ability of urban commercial banks,which takes into account both operation and science.Secondly,in the part of empirical research,this paper selects 14 urban commercial banks in central China as the research samples,and uses factor analysis method and TOPSIS method to analyze its financial innovation ability from 2015 to 2017.At the same time,choose the other six regions of the city commercial bank to compare the differences in financial innovation capabilities,and based on the empirical analysis result to the central region typical city commercial bank-Jiangxi bank has carried on the case analysis;Finally,combined with the results of empirical research and the actual situation of the development of urban commercial banks in the central part of China,this paper draws lessons from the successful experience of joint-stock commercial banks.The countermeasures and suggestions for improving the financial innovation ability of urban commercial banks in central China are mainly embodied in the following aspects: carrying out characteristic marketing,perfecting innovative products,developing characteristic business,perfecting internal control mechanism and developing investment and loan linkage business and so on.