On The Development Of Chinese Bankcard Industry Under The Open-up Finance System

The bankcard, a new-type comprehensive financial payment means, is a production attributed to the combination of traditional financial business and modern information technology, and is also the inevitable outcome of Currency Development Rule revealed by Karl Marx. The bankcard industry is one of the industries which has the most development potentialities in modern economic. The bankcard industry of developed countries represented by USA, has gone into mature phase and formed an enormous industry system. However, Chinese bankcard industry is still in a phase between Introduced period and Pullulated period, and the whole industry scale and competitive power are very weak. There are wide gaps compared with the mature industrialization management. As a result, our bankcard industry is facing a more serious challenge from its competitors abroad. Therefore, there are significant senses to expedite the development of Chinese bankcard industry through timely summing up the practiced experiences of domestic and overseas bankcard industries' development, deeply analysis of the differences between ours and overseas' mature bankcard industries, and drawing on their experiences and research results.This paper views from the angle of the whole circumstances of the bankcard industry. Firstly, the paper analyzes bankcard industry's operation mechanism and market characters and expatiates participators in industry value-chain and their "Competition and Cooperation" Relationship . Secondly, paper analyzes the course of development and actuality of American bankcard industry, which provides a reference for the development of China. Thirdly, this paper organizes course of development and actuality of Chinese bankcard industry, and also contracts and analyses the development indexes of such industry of P.R.China, the USA and R.O.Korea. it puts a view that both internal mechanism and external financial eco-environment restrict the development of Chinese bankcard industry; Basing on the ordinary Least Squares,paper analyzes the influences made by bankcard working environment to bankcard business. Finally, this paper provides the problem of working environment has been a "bottle-neck" to industry upgrading toward a step further, which needs Government, Industry, Market and others to advance together in order to make a good effect. Paper provides corresponding tactics aiming at the restrict factors with the hope to expedite the development of Chinese bankcard industry.