Zhengzhou Joint-Stock Commercial Bank Development Phenomena Research

Zhengzhou locates in Central China and keeps being key military site ever since. In 1990's there occurred the famous Business War, a severe competition between Asia Shopping and others shopping businesses. In the beginning of 21st century there occurs severe financial competition between joint stock commercial banks and state-owned banks. For those joint stock commercial banks their Zhengzhou offices keep well development and high internal ranks. The Zhengzhou branches of each joint stock commercial banks blooms after several years'development, their main business index ranks remain the first three places. It's the prominent Zhengzhou Phenomenon in financial circle. Senior personnel coming from Zhengzhou spreads throughout each bank, the Zhengzhou branches has become the Pool of Personnel, the Treasury Place and the Engine of business. The effect of Zhengzhou Phenomenon comes throughout nationwide. This passage displays the Zhengzhou Phenomenon of joint stock commercial banks and reveals the internal and external reasons in the aspect of macro economy environment, culture factor and internal management respectively. Shanghai Pudong Development Bank Zhengzhou branch as the individual case is the research focus of this passage. After China's WTO entrance the banking industry will open thoroughly. It's the key issue for China's state owned banks and joint stock commercial banks to survive and develop continually while facing the severe competition from foreign banks. This passage aims to reveal the reason of Zhengzhou Phenomenon hoping to benefit the occurent banking reform.