Studies On Bank Reengineering In China

There is no doubt that the further reform of China's market-oriented economy and the rapid development of intermet-based information technology have made a tremendous impact on her own traditional banking institution, organizational system and payment system in existence which all came into being in the era of planning economy; what's more, with the advancement of China's entry into WTO, domestic banking industry has also confronted a severe challenge from outer environment, in other words, from western multinational banks for they have succeeded in implementing bank rccngineering and wanted to dominate the corresponding market in China. In fact, we can safely draw a conclusion that banking institutional reform in China didn't get into the inner essence and achieved a little in aslow tempo. Therefore, it is high time domestic banking industry made a sensible choice. Commercial banks especially stated-owned exclusive ones ought to adopt principles of Cooperation Rccngineering Theory and Dank Rccngineering Theory, absorb foreign banks' successful restructuring experiences and seize the timely opportunity to carry out banking recreation. Their outlets lie in undertaking reforming traditional organization structure, operation procedure and management system thoroughly so as to enhance competitiveness, suit the development of information technology and follow the latest development trend of international banking industry.The thesis is instructed with the basic theory of Marxist Economics and refers to the related contents of Cooperation Recngincering Theory, Bank Rccngineering Theory, Modern Financial Organization Theory andManagement Theory. Based on the objective laws of bank rcengineering and the valuable experiences of foreign banks with domestic practice, the thesis revolves around a series of such core issues as what is bank rcengineering, why and how to put the theory into effect. After investigating the historical origins, basic principles and practical foundation of Bank Recnginccring Theory, it focuses on the fundamental framework of China's bank rcengineering, probes into how to smoothly carry out the theory and emphatically points out three key aspects of this significant innovation: business process rcengineering, organization restructuring and management recreation.