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Academic Journal of Business & Management, 2021, 3(4); doi: 10.25236/AJBM.2021.030417.

Reflections on the High-quality Development Strategy of Commercial Banks under the New Development Pattern of Dual Cycles

Author(s)

Hanqi Wang1, Yupin Wei2

Corresponding Author:
Yupin Wei
Affiliation(s)

1Jilin Bank Board Secretary, Changchun, China

2Management Information Department of Jilin Bank (Financial Research Center), Changchun, China

Abstract

China needs to reach the goal of a new development pattern with domestic and international dual cycles as the core while the two complementing with each other as soon as possible. 2021 is a special year. In view of the severe damage caused by the COVID-19 epidemic to the world, this strategy can promote the sound operation of the Chinese society to a certain extent, and it will also help to adhere to the path of socialist China. Besides, this strategy will have a greater impact on domestic commercial banks to a certain extent. Therefore, commercial banks need to attach great importance to strategic reconstruction methods, correctly recognize future prospects and world changes, and determine their own positioning and development direction in a timely manner. This helps to give play to their auxiliary functions in economic dual cycles.

Keywords

Cycles; Commercial Banks; Strategic Thinking

Cite This Paper

Hanqi Wang, Yupin Wei. Reflections on the High-quality Development Strategy of Commercial Banks under the New Development Pattern of Dual Cycles. Academic Journal of Business & Management (2021) Vol. 3, Issue 4: 84-87. https://doi.org/10.25236/AJBM.2021.030417.

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