Risks and Systematic Countermeasures of Private Banks in an Era of Hypercompetition ()
Abstract
The establishment and development of
private banks are of great benefit to improve the financial system in China,
since it has been in an important period of the financial system reform.
Despite such an excellent opportunity, private banks are still faced with many
risks, such as imperfect legal environment, fierce competition in the banking
sector, lack of outstanding management personnel and a proper market position.
In order to address these issues, the government should improve the legal
environment, and enhance effective supervision. On top of this, private banks need
to expand profit channels through financial innovation, have an appropriate market
position and improve the management level. Systematology by Bertalanffy (1937) is
valuable for analysis of the problem.
Share and Cite:
Lu, M. , Meng, Q. and Zhang, Y. (2015) Risks and Systematic Countermeasures of Private Banks in an Era of Hypercompetition.
Open Journal of Social Sciences,
3, 15-22. doi:
10.4236/jss.2015.37003.
Conflicts of Interest
The authors declare no conflicts of interest.
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