The Research Of The Optimization And Development Strategy Of Cross Border Payment And Settlement System For Commercial Banks In China

With the construction of "the belt and the road initiative" and the internationalization of RMB,China's commercial banks have ushered in the strategic opportunity of "going global".Through the massive demand for financial services along the "the belt and the road initiative",commercial banks are actively exploring the development of financial innovation,deepening the expansion of overseas business areas,upgrading the capabilities of overseas financial services,enhancing customer stickiness,accelerating the layout of overseas institutions according to their strategic needs,and improving their internationalization level.The cross-border payment and liquidation system of commercial banks,as the infrastructure of the "going global" of commercial banks,has a direct impact on the promotion of the "going global" strategy of commercial banks.Therefore,how to strengthen the construction of the infrastructure of the cross-border payment and liquidation system for cross-border industries by commercial banks in combination with their own development strategies,providing better support for international Business efficiency,innovation needs,and security,is a challenge placed in front of commercial banks.Through the combination of literature analysis,case analysis,comparative analysis and multiple linear regression analysis,this paper makes a thorough analysis of the current situation and Optimization Countermeasures of cross-border payment and liquidation system of commercial banks in China.Firstly,it introduces the theory of payment and liquidation and related research at home and abroad.Secondly,through the analysis of the opportunities and challenges faced by China's commercial banks in the development of international business,it provides the basis for the necessity and direction of the optimization of cross-border payment and liquidation system of commercial banks in China.Thirdly,through the comparative analysis of the main payment and liquidation systems at home and abroad,it can provide reference for our commercial banks to build cross-border payment and liquidation system.Finally,through case analysis and SWOT analysis about small and medium-sized commercial N bank and large state-owned J bank.,this paper summarizes the key elements of the construction of cross-border payment and liquidation system including domestic business outlets,overseas branches(internationalization degree),cross-border payment and liquidation professional team,cross-border payment and liquidation IT system,and so on.On this basis,25 banks are selected.The data disclosed in the annual reports of listed banks from 2013 to 2017 are analyzed by multiple linear regression.The results show that domestic business outlets and professional teams of cross-border payment and liquidation are sensitive to the impact of cross-border payment system,while overseas branches and IT systems are relatively less sensitive.Through the research,the following suggestions are drawn:the construction of cross-border payment and settlement system needs to be based on safety,efficiency and innovation,and combined with the scale and location of commercial banks,cross-border customer levels of services and strategic planning of international business,from the choice of cross-border payment and settlement mode,IT planning and construction,internal organizational structure optimization of banks,business process optimization and transformation;The supervision and management of cross-border payment and liquidation system and the construction of risk management system,especially the training of cross-border payment and liquidation personnel and the layout of business outlets,should be carried out in a comprehensive and long-term plan to formulate a cross-border payment and liquidation system that conforms to its own characteristics.