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All-round Banking Is an Inevitable Choice of China's Commercial Banks

Yan‐Ling Liu

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Abstract

With the development of integration of the world economy and globalization of banking, multi-business-operation has become the main trend in the development of the world banking business. Currently, China's banking business is still adopting the specialized model of operation, which cannot meet the challenge of the foreign banking institutions after China's entry into WTO. Therefore, it has become an urgent task for us to set up a strategic objective for the future development of China's banking business.

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What this paper is about

With the development of integration of the world economy and globalization of banking, multi-business-operation has become the main trend in the development of the world banking business. Currently, China's banking business is still adopting the specialized model of operation, which cannot meet the challenge of the foreign banking institutions after China's entry into WTO. Therefore, it has become an urgent task for us to set up a strategic objective for the future development of China's banking business.

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Available abstract

With the development of integration of the world economy and globalization of banking, multi-business-operation has become the main trend in the development of the world banking business. Currently, China's banking business is still adopting the specialized model of operation, which cannot meet the challenge of the foreign banking institutions after China's entry into WTO. Therefore, it has become an urgent task for us to set up a strategic objective for the future development of China's banking business.

Key concepts: China, Business, Globalization, International banking, Retail banking, Commercial banking, Banking industry, Task (project management)

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