Financial Innovation on China's Commercial Banks

Now financial innovation in China's commercial banks has become an important drive in survival and development,but there are some problems of imperfect financial market environment,backward credit risk and innovative technology,short of qualified talents in financial innovation,and limited financial system,which restrict innovative effects.The commercial banks should quicken their innovative pace,create innovative ideas centered with clients.Based on innovation on main business of financial system and financial derivatives,guaranteed by orderly competition and risk prevention,the commercial banks should promote the process of financial system reform,and increase competitiveness to achieve maximum benefits.