Comparative Advantage,Market Orientation and the Development Strategy of Small and Medium-Sized Financial Institutions of China
讨论当前市场约束下中国中小金融机构的市场定位与发展战略选择，主张监管机构应依据不同规模银行的资源禀赋和比较优势原则，为其制定长期规划并营造有利政策环境。
This paper aims at discussing the market positioning and the choice of development strategy of the small and medium-sized financial institution in China under the current market constrained conditions.This paper argues that when the development problems of large state-owned commercial banks and national joint-stock commercial bank have been solved substantially,the monitoring authority must clarify the market position and make a long term regulation plan for the development problems of the small and medium-sized financial institution, adapting to the principle of comparative advantage on providing financial services of banks on different scales,which following their own resource endowment.Creating a favorable policy environment is important for small and medium-sized financial institution to clarify their own market position and develop their comparative advantage.