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ducts business tips.”
And secondly, in the relevant laws and regulations of the derivatives, the restrictive and prohibiting provisions are in the majority, the encouraging provisions are less, reflecting management’s cautious attitude toward the development of derivative markets. Management tend to be some support in the early stage of development of the market, but once there are problems, immediately issued a highly restrictive document to prohibit and correct, although this could play a defensive role when the risk increased, but it really does slow down, to a certain extent, and does limit the overall development of the related derivatives markets. For example, in 1995, “3.27 treasury bond futures incident” occurred, the relevant management departments had continuously issued a document, then following the final suspension of Treasury bond futures trading, Until now Treasury bond futures trading has not be restored, resulting in China's futures trading can only be carried out within in commodity futures. For another example, before the events of 2004, China Aviation Oil, China Banking Regulatory Commission for commercial banks to participate in derivatives trading holds a certain degree of support and encouragement of attitudes, and then with the outbreak of the incident, “Chinese-funded banks to handle the risks of offshore derivative products business tips,” the introduction, restrictive provisions of the mainstream once again.
Finally, at the legislative level, many laws and regulations have temporary features, leading to its effectiveness affected by the implementation less effective. At the same time, due to a number of departments have the right to appropriate regulation, leading to the relevant provisions of the various departments issued no shortage of room for conflict with each other, but also easy to form the fuzzy area on the legal concept, then the effects of the implementation of laws and regulations adversely affected. Moreover, in the actual implementation process, all departments are often introduced a variety of temporary notice, require such additional loopholes in the original legislation, leading to the seriousness and authority of the relevant laws is being undermined.

6.3 Advance comprehensive risk management
A comprehensive risk management is the core and key to build world-class commercial banks. China's banking sector is less competitive, and there are large-scale emergence of non-performing loans, because of the inherent factors in its history and the external objective factors. But the risk identification, management, control and disposal capacity is not strong; this is also a very important factor. We can say that the future competition of commercial banks, must not just the size of the competition, or even not simply effective competition, but on including credit risk, market risk and operational risk, and so on, the overall banking risk management capability of competition. Comprehensive risk management ability and its level directly the core and key to determine the success or failure of banks to build world-class commercial banks. Faced with international competition, commercial banks must change their ideas and establish the scientific development concept, to develop and launch world-class commercial banks with the corresponding risk management objectives and risk management tools, and constantly strengthen risk management and risk manageme