Banks' responsibilities

Core values of social progress and sustainability should be promoted in their strategies for going overseas

International disputes and conflicts have occurred frequently in recent years as more Chinese corporations actively carry out transnational strategies. For Chinese commercial banks overseas, some of the conflicts have been caused by their lack of understanding of the importance of fulfilling their social responsibilities.

Corporate social responsibility is an important part of the development strategies of multinational corporations. Transnational commercial banks not only provide valued-added financial services for the public, they also have a unique function in regulating resources, acting as one of the driving forces of local economies. But for a long time, the financial community in China has not attached enough importance to CSR, which has made it difficult for Chinese commercial banks to fully integrate into the international financial market.