The Discussion On The Managerial System And Spirit Of ExchangeShop In Shanxi

Exchange shop in Shanxi was the earliest folk financial organization that specially dealt with the remittance between different areas. During the development of about one hundred years, it formed the perfect managerial system and spirit. Its experience and lessons were followed by modern bank later. Therefore, exchange shop in Shanxi was called the originator of bank of China. This paper inquires into the above-mentioned questions from five parts.The first part and the second mainly expound the historical conditions before exchange shop in Shanxi was produced and the developmental general situation. Exchange shop in Shanxi was the outcome of the development of commodity economy. At the same time, its appearance accelerated the development of commodity economy and the extension of internal market.The third part mainly discusses the managerial system. it initiated the remittance between different areas, which made money clearing system of China change. That is, it was transferred from transporting money to remittance; Exchange shop in Shanxi carried out the system of general bank and branch bank and the system of personal labor as capital stock that were unique. The former was the organization base of exchange shop inShanxi. The latter reasonably mediate the labor-capital relationship. The system was a great progress. In addition, the part explores the system of its collection and operation of capital, employing system, and so on.The fourth part expounds the managerial spirit. The ideas of the managers of exchange shop in Shanxi were confined to traditional culture. In the influence of traditional ideas, exchange shop in Shanxi brought about the abundant spiritual culture. This part probes into the managerial spirit from three respects, such as the hardship of founding exchange shop, worshiping credit, the root of person.Finally, the paper makes an analysis of the historical reasons for its decline. The essential reason is that exchange shop in Shanxi had no financial institutional innovation.