Problems of and Countermeasures for Financial Innovation of Joint-stock Commercial Banks

Through financial innovation, the shareholding commercial banks have improved their management institution,advanced their operation ideas, accelerated their technical innovation and enriched their financial products. But there are still many problems for them on the way of financial innovation, such as lag of financial legislation, lack of innovative incentives, closed capital market and shortage of financial human resource. To overcome the problems, banks should launch on reform of their financial innovation concept, organization structure, monitoring and controlling system of finance and financial tools of creation.