China Economic Net Beijing January 25 (Reporter Wang Xinchuan) Bank Working Conference 2011, January 20 to 22 in Shanghai. Bank of Party Secretary, Chairman Hu Huaibang said at the meeting, through the international financial crisis after the world economy is undergoing profound and complicated changes, showing a series of new features. But overall, China's banking sector is still in a position to accomplish a great deal of important strategic opportunities.
Hu Huaibang analysis, first, China continues to maintain steady and rapid development, the main business of commercial banks to the rapid development of the market provides ample space. rapid growth of commercial bank deposit and loan business has not changed the basis for stable development.
Second, the transformation of economic growth as the main line, restructuring and development for the commercial banks have created new market opportunities. The next five years, China accelerated the pace of economic restructuring, economic development will be presented from the View from the growth pattern of adjustment, with the start of consumption and domestic demand, consumption, the concept of gradual change, China will enter the consumer society, commercial banks, consumer credit, asset management and credit card business will thus enter the golden age of development. The upgrading of industrial structure and adjustment, the new industrial base, commercial banks to optimize credit structure will create the conditions. The prospect of carbon finance market, commercial banks also contributed to the development of green financial products and business development promising. The restructuring of the income distribution from the point of view, in recent years, Chinese social class forward, Some experts predict that the next 5 years of commercial banking services including financial planning consultants, including business class will achieve an average annual growth of more than 70%. This shows that Chinese society has entered a period of rapid accumulation of wealth, the middle class and rich people are constantly growing, these are all commercial banks brought a wealth management business huge potential customer base and business development. From the coordinated development of regional economy, in addition to the Yangtze River Delta, Pearl River Delta, the Bohai Sea, North East Asia, North Bay, West Coast and Midwest, etc., are faced with the rapid development of opportunities for commercial banks to create and foster new growth pole the conditions.
Third, the rapid development of financial markets, comprehensive operation of commercial banks has opened a new path. With the increasingly sophisticated financial market system, multi-level capital market and foreign exchange, futures, precious metals market and steady development of new types of markets, to bring the financing to commercial banks, clearing, custody and other aspects of a large number of service needs; the same time, financial innovation further open space, commercial banks can rely on capital markets and more business-related organizations, to more diversified modes of service delivery, providing liquidity to create, enhance risk management and benefits of various types of products, to better meet existing clients diversified financial needs; will also enable more direct involvement of commercial banks, capital markets, providing customers with asset management, securities underwriting, securities brokerage services. To commercial banks by a single round, from the separation of comprehensive changes to the face more opportunities and space, depth docking platform for financial markets, bond underwriting, clearing and settlement, asset custody, special financial advisory business is expected to achieve leapfrog development.
Fourth, accelerate the process of internationalization of the RMB, the international strategy for commercial banks, paving the way to accelerate. With China as the world's second largest economy, the consolidation of the status of, more Chinese enterprises In particular the accelerated internationalization of the renminbi, creating a huge cross-border clearing and investment of RMB business needs, a substantial enhancement in the international financial system, the right to speak, extends the room for growth in financial institutions, commercial banks will gradually enter the international development strategy production period, more opportunities open up overseas markets, more space, more favorable conditions, business philosophy of globalization, overseas distribution network and the characteristics of large-scale cross-border business more visible.
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