Research On Institutional Innovation Of Shenzhen Development Bank

Facing with the loan crisis, we should reconsider the financial innovation and the international financial market.As a emerging market country , China should speed up the the step of financial innovation and take this opportunity to reduce the disparity with the developed countries, strives for the initiative position in the global economic pattern adjustment. Under the influence of the loan crisis, as well as economic policies that People's Bank of China decline interest rate and Bank reserve against deposits rate, how Shenzhen Development Bank that rises rapidly in our country financial industry survives is a big problem.The system is a series of rules, procedure and the behavior moral standard, it is for the purpose of restraining personal behavior that pursue welfare or maximization benefit of the effectiveness..It is official regular and the unofficial rules as well as their implementation mechanism constitution. The official rules refers to a series of policy and rule which people create consciously,including politics regular, the economical rule as well as rank structure formed from them. The unofficial rule is a kind of agreement which reformed unconsciousnessly in the people association.Including value idea, ethics morals, manners and customs, ideology.System's function is broad.The most basic function is reducing the transaction costing,creative incentive mechanism and restraint mechanism.Determining factor of economic growth is the system and the institutional innovations.Institutional innovations is the activity establishing the new system to obtain the supplement profit.institutional innovations is measures and countermeasures that innovator reforms the present system.Generally speaking, the factor that affects the institutional innovations includes seven aspects, country by chance, market scale, production technology,changes of Receives anticipated, laws and policies, uncertainty of system. System's developing process is balanced from the institutional innovations to the system, Arrives at the institutional innovations again.the process of institutional innovations, the factor appairs,and realizes institutional innovations.The commercial bank system is the core of financial system.The commercial bank system may define as follows: It is refers to a series of rules, the convention and the organization wicth control commercial bank transaction activity, limits the space that people choose in the banking transaction activity, restrains and drove that people's credit behavior reduces the banking transaction activity the uncertainty ,reduces the transaction cost, protects the relations of creditor's debt rights, urges the banking transaction activity to carry on smoothly, enhances the efficiency of bank finance resources.The commercial bank system includes two aspects: official institutional arrangements and unofficial institutional arrangements. Official institutional arrangements includes :laws and rules, contracts.Unofficial institutional arrangements includes credit idea, financial consciousness, enterprise culture. The commercial bank credit activity achieves three goals: security, fluidity, profit making. The new system economic proposes by the evolution viewpoint union economic analysis method causes the system vicissitude pattern and the compulsory vicissitude pattern, these two patterns summarized basically mixed the camp banking system and the minute industry banking system's theory characteristic.The system vicissitude is refers to the people to strive for to make a profit the opportunity spontaneous initiative and the organization implements to the present institutional arrangements change or the substitution, creates the new institutional arrangements, is the people, in the pursue is imbalanced by the system when the profit opportunity which brings about carries on spontaneous system vicissitude. The compulsory system vicissitude has the following several characteristics:①Rentability.②Compulsory.③Radical -like. The compulsory system vicissitude is the national law introduction, the implementation system change and the system substitution, is the supplies leading system vicissitude way. Forceing to implement the system vicissitude the main body is the country. The bootstraping system vicissitude also has three characteristics:①Rentability.②Voluntary.③Dual main bodies.What Shenzhen Development Bank L.P. is progresses that the row matrix structure innovation organizational structure in services department's foundation. The subject matter has two aspects: First, the department establishes not scientifically, take the product or the service as the center. Second, does not have in the department the economies of scale, between trans-departmental lacks the coordinated and the information communication, causes the Shenzhen Development Bank L.P. between each product and the service sector lacks causes the insider dealing cost coordinated the enhancement.Internal control questions of Shenzhen Development Bank L.P. are : Enterprise culture; Risk recognition and appraisal. Innovation ability of Shenzhen Development Bank L.P. is one kind of dynamic adaptiveness. The factor of Shenzhen Development Bank L.P.'s institutional innovations include country by chance, market scale, production technology,changes of receives anticipated,laws and policies,uncertainty of system..Overall mentality of Shenzhen Development Bank L.P. : to perfect company organizational structure and legal person management structure; to perfect internal control system. Shenzhen Development Bank L.P. organizational structure and legal person management structure innovation goal. At the same time, the Shenzhen Development Bank L.P. must establish the reasonable highly effective organizational structure and the legal person management structure, guarantees the Shenzhen Development Bank L.P. decision-making the formulation and the execution. On the other hand, the Shenzhen Development Bank L.P. has a reasonable function system, causes the people to implement the specialized labor division and the intercoordination effectively. Also, suggested an effective authority system, causes the Shenzhen Development Bank L.P. the organization members can accept and carry out superintendent's decision.Shenzhen Development Bank L.P. controls from the inside system's innovation goal first, Shenzhen Development Bank L.P. must form"the control culture"good; Monitor and correction flaw this mainly refers to the investigation and the appraisal aspect, it is the bank internal control system's last defense line.The new system rule's determination, is not by the minority special interest group, is also not impels purely by the government, but together gambles by the entire social group result. The reform in fact is an evolution society gambles the process, the reform strategy choice space is the boundary and the partial system is balanced, redundant gambling and"the competition"can reduce the reform the transaction cost. The Shenzhen Development Bank L.P.'s shareholder and the shareholder, the shareholder and the management and so on between various special interest group has gambling, gambling is participates in the main body pursuing own effectiveness maximization the process, is precisely this kind of gambling is guiding the Shenzhen Development Bank L.P. direction and the tendency balanced.Shenzhen Development Bank L.P. management structure and exterior organization institutional innovations countermeasure introduction independent director, guarantees board of directors's independence; Sets up the board of directors respective Technical committee, and formulates the explicit regulation to know, guarantees the board of directors function the full display. First, continues to consummate the Shenzhen Development Bank L.P. organizational structure the matrix form reform, the matrix form management can help the Shenzhen Development Bank L.P. adapts when the exterior condition of business change to strengthen the fast response ability. Second, organizational structure to network structure development. The Shenzhen Development Bank L.P. must establish truly in the organization institutional innovations take the customer as the central management idea innovation process, not only need achieve the new creativity, the product and the research project production, but also wants the positive implementation and promotes its marketability the process.Internal control institutional innovations countermeasure of Shenzhen Development Bank L.P.: Raises the high quality enterprise culture science, including the reasonable personnel system, practices practitioner's again educational system, to carry out the expert decision-making system gradually. The risk recognition and the appraisal, the internal auditing censorship aspect, the Shenzhen Development Bank L.P. should achieve: The higher authority good investigation department to the subordinate good investigation department's service observation, its goal stresses on work counselling, the comparison supervision and the whole advancement; The general headquarters investigation department halves the sub-branch good Business agency regular and the non-periodical convention or the special inspection, stresses in the inspection service compliance, the risk and examines and considers cautiously; accredits the regional minute sub-branch investigation personnel to business agency's daily inspection; Shenzhen Development Bank L.P. interior daily self-examination; to employ from a unit other than one's own some society intermediary organization carries on the inspection and the appraisal.