Author(s)

Gao Shangjun

Corresponding Author

Gao Shangjun

Abstract

This paper probes into the significance of the implementation of financial innovation strategy by state-owned commercial banks and puts forward some suggestions for its implementation. Firstly, the significance of financial innovation of state-owned commercial banks is analyzed: financial innovation is the need of adapting to the new technological revolution and the embodiment of implementing the management concept. At the same time, it is also the main way to enhance competitiveness and expand the scope of business. It is of great significance for strategic landing, self-promotion and financial openness. Secondly, it analyzes the problems existing in the current state-owned commercial banks' financial innovation strategy. Finally, the paper proposes the path choice for developing financial innovation, and believes that state-owned commercial banks implement financial innovation strategies and enhance their competitiveness. It is necessary to strengthen the cultivation of innovative talents, strengthen the support of financial science and technology, do a good job in the overall planning of financial innovation, give play to the role of front-line employees, learn from the experience of foreign financial innovation, and expand the scope of financial innovation.

Keywords

State-owned commercial banks, financial innovation, competitiveness