Open AccessResearch on Risks of Chinese Commercial Banks’Independent Innovation
Author(s) -
Mingyou Wang,
Jian Gui,
Jingting Ma
Publication year - 2009
Publication title -
international journal of business and management
Language(s) - English
Resource type - Journals
eISSN - 1833-8119
pISSN - 1833-3850
DOI - 10.5539/ijbm.v4n8p170
Subject(s) - bankruptcy , financial innovation , financial services , china , competition (biology) , business , product (mathematics) , finance , product innovation , financial regulation , financial system , accounting , industrial organization , political science , mathematics , ecology , geometry , law , biology
Since the 90s in last century, financial innovation tends to be different under the condition of loose regulation and the revolutionary progress of information technology. The competition in the finance industry becomes severe and financial institutions lay more stresses on innovations, not only concerning the product innovation but also the services. However, risks come. The bankruptcy of many American financial institutions in last year deserves more attentions from China’s commercial banks that should emphasize on financial innovations. Only by strengthening the internal and external supervision and regulation, can it reduce commercial banks’ innovation risk