On Chinese Commercial Bank Reengineering Under The Condition Of Modern Information Technology

Information technology, as a brand-new form, receives more and more people's concern. From the 1990's the increasing development and the combination of computer net and communication technology, especially the popularization of Internet and the falling of transaction cost, beat greatly on the traditional concepts and actions in commercial trade. Meanwhile, the application of electronic information technology to the financial field not only increases the influence on financial market and financial globalization, but also challenges the traditional bank's businesses, such as its credit card, electronic wallet, netbank etc. Therefore, some financial intermediary business and creative work will take the place of traditional deposit, credit, remittance. And the time and regional limit will be less serious and the cost of net station will falldown. That will make the financial institutions easier to accept such retailing business as personal investments. The creation of skills and the change of serving way result in the electronization, internetting and informationization of the bank's business.In this paper, I first analyzed the developing process of information technology and the financial electronization of commercial banks. The I discussed commercial bank's competition superiority theory and that of its reengineering. Through international comparing and case analyzing, I pointed out the influences of information technology on Chinese commercial bank's reengineering. At the same time, I point out the influences of information technology on Chinese commercial bank's reengineering. At the same time, I pointed out that information technology will put an end once and for all to the traditional managing environment, to the structure, and the money's function. And then, I studied the present situation of the commercial bank, the potential problems and the feasibility of its reengineering. Personally, I think wecan make full use of the development of information technology to reengineer our commercial banks. In that case, we can change the poor conditions of those banks. Finally, I put forward in this paper som practicable measures and solutions to the bank's reengineering. We should use information technology to reengineer the banks' managing system, business, organizational structure and their managing way. Simultaneously, we should use these measures to strenghthen the internative competitive ability of our commercial banks.