On Financial Innovation of Commercial Banks in China

Innovation has become one of the most important themes of social development. Financial innovation, one of the important components of innovation, has played an important part in the development of social economy, especially the financial industry. Commercial banks make up the main part of the financial system; the financial innovation of commercial banks undoubtedly is the key to financial innovation. This article mainly discusses the reasons of financial innovation of commercial banks in China, the existing difficulties, the double influences, the developing orientation and key points, etc. aiming at offering some references for financial innovation of commercial banks.