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

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.