Western commercial bank's latest development trends

Author: Zheng Xianbing
Publisher:
Publish Date: 2002-09-01
Features: As China's entry into the WTO draws closer, China's commercial banks will face broader and fiercer competition from Western commercial banks. To emerge as the ultimate victor and at least one party's winner, we must confront this issue head-on and gain a comprehensive understanding of the management systems and operational characteristics of Western commercial banks. The unique aspect of this book lies in its summary of the development of Western commercial banks from a fresh perspective. Due to the author's early involvement in researching financial theory issues and his extensive work at China Merchants Bank, as well as his studies and research at the University of Manchester in the UK and the fifth-largest commercial bank in the US, he has summarized lessons and insights that can be and applied to the development of Chinese commercial banks. The book covers topics such as the corporate governance structure of Western commercial banks, the operational models of Western commercial banks, the "three elements" for survival of Western commercial banks: customers, employees, and shareholders, one of the development trends of Western commercial banks: the pursuit of scale, the second development trend: the pursuit of comprehensiveness, the third development trend: the pursuit of breadth, the fourth development trend: the pursuit of innovation, and the fifth development trend: the pursuit of speed.