A Comparison of Strategies for Internationalized Development between Chinese and Foreign Banking

After entering WTO,Chinese banking faces an open environment of financing globalization.But it still has to deal with a lot of obstacles in its way of development,such as the limitation of system,backward equipment,shortage of talented people,etc.Under the circumstances,Chinese banking must draw on foreign bank's international experience,develop overseas business positively,improve the integrative service of the currency,and increase its international competitiveness.That's the inevitable choice of Chinese banking in order to exist,develop and accommodate itself to world's banking.