2011•Journal of Anhui University of TechnologyRequires access
A Brief Introduction to Financial Innovation of Commerical Banks in China
Yanli Sun
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Abstract
The present financial innovation of commercial banks in China stays generally on the superficail level for operation innovation due to the restrictions of systems,environment,concepts and mechanism.It is necessary to reform the financial regualtion systems for the creation of relaxing policy environemnt suitable to the financial innovation of commercial banks,and at the meantime commercial banks are supposed to change their ideas,enhance the financial innovation abilities,strengthen the risk management of innovation and marketing,and explore actively the effective approaches to financial innovation.