Study On The Optimization Of Processional Financial Financing Products Of ICBC XA Branch

With the development of reform and opening up,our socialist market economy is becoming more and more mature,and the proportion of private economy in economic composition is climbing year by year.Since 2019,The Party Central Committee and The State Council attach great importance to the development of inclusive finance and explicitly propose to vigorously develop inclusive finance.At this time,the development of inclusive finance has been elevated to a national strategic height.The continuous promotion of inclusive finance plays an important role in promoting the development of regional real economy,perfecting the domestic financial system,optimize the structure of commercial bank’s products,improving people’s living standards and expanding employment.However,the unstable production and operation conditions of private small and micro enterprises make them significantly different from large and medium-sized enterprises in terms of product suitability and availability when cooperating with commercial banks.The problems of difficult and expensive financing still exist,which also restricts the development of small and micro enterprises.As an important part of Chinese financial institutions,commercial banks are the main force providing financing services for small and micro enterprises.The People’s Bank of China,the China Banking Regulatory Commission,the Ministry of Finance and other government departments at all levels have also issued a series of policies and regulations to encourage financial institutions to provide financing support for small and micro businesses.However,under the influence of many factors,there are still many difficulties and problems leading to its difficult implementation and popularization.This difficulty is especially apparent in the traditional state-owned commercial banks.At the same time,with the gradual increase of local commercial bank brands in recent years and the continuous rise of bank-like financial institutions,the development of inclusive services of various institutions is uneven,and the industry competition is increasingly fierce.This paper defines the concept of inclusive finance,the object of service and the field of application.Based on the theories of "Macmillan Gap",information asymmetry,STP,etc.,by referring to a large number of literature and comparing with the business development of interbank financial institutions,this paper takes the XA Branch of Industrial and Commercial Bank of China as the research object,and makes a detailed study on the status quo,existing problems and how to reform its inclusive business.Combined with the author’s years of experience in small and micro credit work,From the aspects of market demand,product structure,scene optimization and achievement,this paper analyzes and summarizes the current development direction of the bank’s inclusive business,and puts forward specific optimization methods.The optimization suggestions provided in this paper have improved the product structure of the inclusive business of ICBC XA Branch,improved the service efficiency of the bank in the small and micro enterprises in the region,and also created a new profit growth point and considerable income for the bank,contributing to the regional economic development of XA City.The purpose of this paper is not only to enrich the XA branch of ICBC’s inclusive business product structure,but also to provide reference for other commercial banks to better serve small and micro enterprises.