who is competing for the hope of survival among banks?

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this competitive situation is like a maze, full of opportunities and challenges. for small and medium-sized banks, the key to survival lies in how to "break through" the symbiotic relationship. they need to constantly explore new growth points and, based on this, enhance their competitiveness.

in the case of zhejiang wenzhou ouhai rural commercial bank, we can see the experience of small and medium-sized banks in achieving success in market competition. they adhere to the principles of "small amount, decentralization, mobility, and localization" and have a leading position in the local area. they provide customers with more personalized financial services by deeply understanding the local market and customer needs.

however, not all small and medium-sized banks can achieve success like wenzhou ouhai rural commercial bank. faced with the decline of large banks, small and medium-sized banks in central and western regions are in a passive state and need to actively seek breakthroughs.

"technology" and "innovation" are the keys to future development. small and medium-sized banks need to embrace financial technology and use technologies such as big data, cloud computing and artificial intelligence to improve service efficiency and risk management capabilities. at the same time, they should increase the training and introduction of financial technology talents to create new advantages for themselves.

in addition, small and medium-sized banks can attract more resources and funds by building a cooperative ecosystem and participating in new development models such as green finance, laying the foundation for future development.

the regulatory authorities have also made clear the direction, hoping to guide large banks and joint-stock banks to further deepen and implement internal mechanisms such as assessment incentives and resource allocation to support small and micro business entities and rural revitalization, improve the inclusive financial service mechanism of branches, and promote local corporate banks to adhere to the local service positioning, focus on supporting agriculture and small businesses, and improve governance capabilities. these policies and measures will provide greater development space and guarantees for small and medium-sized banks.

in the competition in the financial industry, small and medium-sized banks need to actively embrace new opportunities and challenges, find breakthroughs, and continue to grow and develop in order to gain opportunities for survival and development in the highly competitive market.