Modern Economics & Management Forum

"Establishing the new development pattern with domestic circulation as the mainstay and domestic and international circulations reinforcing each other" was proposed for the first time in 2020. The enormous domestic market is a crucial carrier of the "dual circulation" pattern and is the greatest advantage and confidence for China's long-term economic growth and its ability to face internal and external pressures and challenges. The reorganization of China's economic order and economic factors under the "dual circulation" pattern presents both opportunities and challenges for the high-quality development of commercial banks. Commercial banks should focus on areas such as deepening regional development, implementing the "commercial bank" + "investment bank" model, refining industry client classification, enhancing risk management, and emphasizing talent cultivation to further promote high-quality development in the financial market.