With the successful listing of Agricultural Bank of China in July 2010，Large commercial banks have become listed banks，Begin to accept the challenges and tests of the global capital market。As the direction and end point of bank operations，Optimizing and adjusting the profit model has immediately become the core task of the bet365 apuestas strategic transformation of all banks。The top priority is to adjust the bet365 apuestas strategy、Change the way of growth、In the process of optimizing bet365 apuestas structure，Strive to accelerate the pace of profit model transformation，Establish a new profit model with outstanding value creation capabilities as soon as possible。

bet365 apuestas direction

The transformation of the bet365 apuestas of China’s listed banks is a transformation of growth mode，It is the transformation of listed banks from an extensive high-risk growth model to an intensive low-risk growth model。

The basic elements of bank profit model transformation can be summarized as“One core、Four basic points”，That is, the core of correctly positioning the profit model，Clear profit growth points，Segment profit objects，Improve profitability measures，Improving the profit barrier。Specifically，In order to maximize long-term shareholder value in the new market environment，Listed banks under the guidance of financial innovation，Based on the principle of intensive and efficient use of economic capital，To adjust bet365 apuestas structure、Change the way of development、Implementing diversified operations as a means，By maintaining a reasonable level of net interest margin、Expand non-interest spread income、Control cost expenditure，Realize the transformation of the profit model from an extensive high-risk growth model based on expansion of traditional credit scale to an intensive low-risk growth model with balanced development of spread bet365 apuestas and non-spread bet365 apuestas，From traditional bet365 apuestas type to diversification、Balance、Stable transformation。Among them，Correctly position the core of the profit model——Maximizing shareholder value；Clear profit growth points——Maintain a reasonable level of net interest margin、Expand non-interest spread income、Control cost expenditure；Segment profit objects——Providing personalized services through service innovation；Improve profitability measures——Through product innovation，Exploring bet365 apuestas depth，Expand bet365 apuestas scope；Improving the profit barrier——Carry out mechanism innovation，Mechanism innovation is an important support for product innovation and service innovation。

The advantages of this profit model are highlighted as follows: maintaining the relative stability of the net interest margin level is the basis for the transformation of the profit model；Market segments can fully meet the increasingly multi-dimensional needs of customers、Personal needs；Developing differentiated competitiveness can overcome the pressure of strategic convergence in the same industry；The capital occupation of non-interest spread bet365 apuestas is relatively low，Small impact from the economic cycle but higher returns，Can reduce over-reliance on spread income for profitability，Reduce risk concentration。

　bet365 apuestas path

First, adjust the credit structure，Improve asset quality，Maintain an appropriate level of net interest margin。With the gradual advancement of interest rate liberalization、The intensification of industry competition and the improvement of the bargaining power of high-quality customers，Bank interest spreads have shown a shrinking trend。But from the experience of international banking industry，The relative stability of the net interest margin level is the basis for the transformation of the profit model of listed banks。Therefore，Although the rate of return on credit assets of my country’s listed banks will further decline in the future，However, credit bet365 apuestas is still an important profit growth point for listed banks。

For credit bet365 apuestas，my country’s listed banks should maintain their existing advantages，Focus on adjusting asset structure，To improve the profitability of asset bet365 apuestas，Actively optimize the liability structure，To reduce liability bet365 apuestas costs。First of all, we should actively support advanced manufacturing、The development of modern service industry and strategic emerging industries，Support energy conservation and emission reduction、Circular economy、Development of green economy such as environmental protection industry；Secondly, green credit policies must be strictly implemented，persistence“Environmental protection one-vote veto system”，Strict control“Two Highs”Industry and overcapacity industry loans。

What needs to be noted is，In the stage of modern listed banks，Subject to capital adequacy ratio and return on equity requirements，Banks cannot expand credit scale without limit，But through“Initiate—Sales”Mode，Syndicated loan、Credit asset transfer and asset securitization and other means，Compete on credit origination and credit flow。This is the manifestation of credit bet365 apuestas under the new model。Maintain customer relationships through credit initiation，Transfer risk and part of profits through asset sales，And obtain intermediate bet365 apuestas income，It is also the more popular bet365 apuestas model of foreign banks。Currently，ICBC has proposed to be a major bank in credit transactions and credit flow。The prerequisite for competing for the advantage in credit flow is to have an advantage in credit origination，Therefore，Credit origination will remain the main battlefield for big banks in the future。The credit origination bet365 apuestas must be viewed from a new perspective，Through financial innovation and cross-selling，Make credit origination bet365 apuestas a low-cost occupation、Intelligence-intensive bet365 apuestas driven by high efficiency。At the same time, strengthen credit bet365 apuestas risk management。

The second is to explore the depth of the bet365 apuestas，Expand bet365 apuestas scope，Achieve growth in non-interest income，Expand diversified sources of profit。

The main source of non-interest income is intermediary bet365 apuestas，So to achieve growth in non-interest income is mainly to expand bank intermediary bet365 apuestas。In recent years，With the relaxation of regulations、Capital market development，New areas of listed banks continue to emerge，The development of intermediary bet365 apuestas shows scale growth、Channel expansion、Structural Upgrading Situation。However, there is still a big gap compared with foreign banks in terms of bet365 apuestas depth and bet365 apuestas scope，This is mainly related to the development stage of my country’s listed banks。

Currently，To expand diversified sources of profit, my country’s listed banks must realize traditional bet365 apuestas and emerging bet365 apuestas、Balanced development of agency sales and innovative bet365 apuestas, as well as public and private bet365 apuestas。A company that realizes traditional and emerging businesses、A listed bank with balanced development of agency bet365 apuestas and innovative bet365 apuestas as well as public and private bet365 apuestas，It will be better able to withstand the impact of external market fluctuations on one or more intermediate bet365 apuestas incomes than a bank that only relies on its advantages in one aspect。

The third is to optimize banking processes，Strengthen cost management，Control operating costs to increase profitability。Currently，China’s banking industry has entered a period of relatively stable growth but fierce competition，Bank profitability will decline compared to the period of rapid expansion。In this context，Strengthening cost management and control is more important for improving banks’ competitive advantages and profitability。For this，First，To carry out bet365 apuestas process reengineering，Sign up the relationship between the front, middle and back offices，The&ldquo that realizes the internal operating mechanism;Streamlining”，Improve operation and management efficiency and reduce costs，This is also an inevitable requirement for the transformation of profit model；Secondly，Control employee costs through a compensation and performance linking mechanism，While keeping employee income and corporate profits changing in the same direction，Guarantee that the rising rate of employee expenses is lower than the rising rate of bank profits；Again，Increase technological innovation to reduce cost-to-income ratio，Through technology platform construction，Support and promote the bank’s customer service、Process Reengineering、Product Innovation、Electronic channel construction, etc.，Thus improving the operational efficiency of the bank，Reduce operating costs。

(Author’s unit: bet365 apuestas China Postdoctoral Research Workstation)