Differentiated Competitiveness of China's Listed Banks and Competitive Strategies for Agricultural Bank of China

China's listed banks are very important to China's entire stock market and banking industry,and even to China's GDP,and the study of their competitiveness is of great significance. The ranking of competitiveness and how to improve the competitiveness are important topics of in-depth studies. Among listed banks,Agricultural Bank of China is particularly worthy of attention due to its close relationship with agriculture. Related domestic studies mainly include design of evaluation indicators of listed banks,recommendations for improving the competitiveness of listed banks,and factor analysis on the competitiveness of listed banks. Through extracting the concept of differentiated competitiveness from works of scholars in other fields,this paper explained the competition pattern of China's listed banks. Finally,it came up with recommendations for Agricultural Bank of China improving its differentiated competitiveness.

International Experience and Hainan's Path to Building a Free Trade Port

According tothe unified arrangement of Document No.12 of 2018 issued by the Central Committee of Communist Party of China(CPC)and the State Council,the first free trade port(FTP)with Chinese characteristics was to be built in Hainan.Certain difficulties and challenges will inevitably arise during the building of the port,including lack of a unified foreign trade structure,low added value for the tourism industry,low utilization rate of foreign investment,and lack of innovation and openness within the financial industry.However,Hainan also enjoys certain advantages that are conducive to the building of a FTP,such as the existence of its natural outlying islands,a sound ecological environment,experience in reform and innovation of special economic zones,and policy support from the central government,as well as other basic conditions beneficial to the construction of such a port.Hainan must learn from the successful experience of other international FTPs in areas such as trade regulation,business environment,port clearance,financial openness,and fiscal and tax policies.It will be necessary for China to benchmark not only against the highest international standards but also to focus on positioning by differentiated functions,lay a solid foundation for development and transcend policy incentives,make up for financial shortcomings,encourage financial openness and innovation,and carry out differentiated fiscal and tax policies.At the same time,the division of powers and functions between the central and local governments must be properly handled,and an integrated administrative organization that promotes collaboration between the central and local governments mustbeestablished.