What is Wholesale Money?

Wholesale Bank (Wholesale Bank) is a concept relative to retail banking and belongs to the financial field. Western banking divides banking business into retail banking (Retail Banking) and wholesale banking (Wholesale Banking). The main customers of the wholesale banking business are large enterprises, institutions and social organizations, which generally involve large amounts. The definition of "wholesale bank" will vary according to the regulation of banking operations in different countries and at different times. "English-Chinese Dictionary of International Finance" to Wholesale Banking: Wholesale banking refers to the borrowing and lending of huge sums of money between banks, which is different from the retail banking industry traditionally constituted between banks and their customers.

Wholesale bank

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Wholesale Bank (Wholesale Bank) is a

Bank wholesale business means

The impact of foreign banks on China's banking industry after China's accession to the WTO has been borne by the wholesale business. This is because, since the 1980s, the business carried out by large foreign banking groups in China has been concentrated in the field of wholesale business, such as issuing short and medium-term syndicated loans to Chinese enterprises and organizations, issuing notes and bonds, providing financial leasing, and risk. Management and other businesses, including aircraft leasing, overseas investment, steel industry, petroleum industry, real estate and energy transportation. In addition, it also provides advanced banking services such as currency clearing, trade settlement, bill custody and fund management to Chinese financial institutions. After joining the WTO, foreign banks will enter China's banking market to compete in accordance with the provisions of the agreement. Their market share in China, especially in the corporate loan, securities underwriting, and credit guarantee markets, will continue to increase, thereby greatly changing the structure of our financial market. As consumer demand for consumer credit in our country is not very extensive, the retail business market is still immature, coupled with the entry of retail business into our market five years after China's entry into the WTO, large banks like Citibank and Bank of America Although they have a strong consumer credit department, they do not have the advantages of retail outlets in the retail business, and they still focus their development goals on the wholesale business sector. Foreign banks operating wholesale businesses, whether they are wholesale banks dominated by wholesale businesses or other large-scale banking institutions, have long-term experience and strength in exploring international markets. For example, the net income of Citibank and Chase Manhattan Bank in the United States mostly comes from outside the United States. They are cross-regional national institutions in China, and they have an extensive international network of institutions. With strong capital strength, they have the risk of entering new markets. Affordability and strong operating skills and management level in the capital market.

Foreign banks may enter China through their branches and affiliates, or they may enter the Chinese market through joint ventures with Chinese financial institutions. In this regard, business will be concentrated mainly in big cities. The possible situation is that foreign banks use the RMB funds to borrow and lend the market, provide funds for related securities companies to underwrite stocks and bonds, provide credit guarantees to short-term financing for some large competitive companies, and make good customers for some important industries and enterprises. Becoming their service targets will directly compete with the wholesale business of our banks in these areas. In China's financial system, institutions with wholesale business functions are fragmented, operating methods are incomplete, and their overall competitive strength is far below the international advanced level. Business ideas and concepts are not in harmony with the situation of international and domestic economic development and changes. The comparison of the severe situation at home and abroad has made us realize that it is urgent to improve China's wholesale banking organization system, improve its wholesale banking business functions, and enhance the overall competitiveness of its wholesale business. In China's securities industry, the competitiveness of wholesale business institutions and wholesale businesses is even weaker. There is no strong national investment bank with international competitiveness that focuses on wholesale business such as project financing, securities issuance and underwriting. Under such circumstances, China's national wholesale banks, mainly wholesale businesses, will face the historical mission of foreign wholesale banks and other large banks operating wholesale businesses in the future international market competition.

The practice of modern market economy development tells us that "the way out for the financial industry lies in change and innovation." Although Western countries are different from China's social system, their financial market organization structure and operating mechanism are the highly developed products of modern commodity economy. They can and should use them to serve the socialist market economy in accordance with the principle of "bringing in the doctrine." As a result, the latest developments in the Western banking industry, especially wholesale banking and wholesale banking, include new financial regulations, new competitors in commercial banks, new customers emerging in the financial market, and new pioneering areas of banking in line with this. New financial products and new management methods have important reference values for us. We must actively study, master, and learn from and absorb the advanced experiences and successful practices of wholesale banks and wholesale banking businesses in Western countries, and accumulate a certain amount of experience before foreign banks can fully launch wholesale businesses in China in order to successfully resist foreign banks. Impact on China's banking business.