Discusses The Chinese Native Commercial Bank To Commence A Venture

Modern banks is no doubt the tremendous role played in the country's economic development process by the Western developed countries in the modernization process to prove this point. In the course of modernization of China's economy, the financial sector is also in transition from traditional to modern. In China's financial industry from the traditional toward the modernization process, Ningbo is undoubtedly great credit to the banking house. In this paper, Ningbo banking house had implemented posting system, to perspectives on modern banking house, China's financial sector contribution. I found posting system to achieve the modern Chinese financial institutions--- banking house of a city to open accounts and clearing system for settlement of technology and breakthroughs in,so that the community may be expanded money supply. Money credit intermediation industry was resulted into a bank intermediation of credit, credit intermediary function, especially the creation of the currency function of the credit be fully demonstrate that this is precisely the modern commercial banks and traditional financial institutions do not produce the difference. The delineation of the scope for banks, domestic academic research, only the objects remain in the loan is not the level of productive enterprises, as a criteria for the classification. This is not in line with the reality of history, and is the result of lack of understanding of financial theory. This paper seeks to right the history of Ningbo banking house to make a completely new interpretation of the characteristics from Ningbo banking house had the most research into the accounts system to demonstrate the local commercial banks, benchmark, that is, Ningbo banking house. After posting the implementation of the system can be called the banking house in Ningbo Commercial Bank, while the previous banking house can not be called commercial banks. Posting system was implemented, so that Ningbo Commercial Group to master the financial lifeline, so make full use of the money of the advantages to restructuring and banks after the banking house backed, participation, support and promote the development of modern national industry, fully demonstrating the financial sector and industrial closely integrated features. Posting system as the rise of Ningbo to help provide a strong system of protection, while posting system allows Ningbo banking house occupied money Industry, high ground, for orders of Industry and Commerce to provide a guarantee. Can be said that modern Ningbo account system as a strong cohesion and unity to help provide the institutional strength of support. It is also enduring the endless help Ningbo basic reason.