New Money The Banks Thought And Practice

Qian xinzhi is an important figure in financial history of modern China. Before leaving the mainland, he worked in Bank of Communications and hold crucial position in Four-bank Deposit Association; at the same time he worked in the National Government Ministry of Finance, Department of Finance in Zhejiang Province and other government departments; and investment Zhongxing Shipping Company, Pacific water fire insurance company and other enterprises. In addition, he is also enthusiastic about vocational education, social assistance and other social affairs. It is obviously that his financial activity spreads widely, however, the research on Qian Xinzhi is still on the beginning stage that just focus on the his communication with other peoples, the specific study of his bank thoughts have not yet been seen. Consequently, this paper tries to locate Qian's bank thoughts and practice as research objects, and aims to provide a comprehensive assorting and objective assessment.Qian Xinzhi has many insights on bank thoughts, which may be traced back to his early year's professional training and participation in bank practice. Meanwhile he can take advantage of his professional position to combine the thoughts and practices of bank construction. The bank thoughts of Qian is multifaceted, first of all, in the aspect of bank business, he advocates independent operating and saving business. Secondly, in the aspect of bank institutional construction, he emphasizes on financial supervision system, advocates currency reforming and bank regulations. He maintains Bank of Communications and four lines for a long time, which not only promoted his enterprises, but also contributed to the restoration of rights and interests. Generally speaking, Qian Xinzhi combined his thoughts on bank construction with business practices, which promoted the modernization of Chinese banking industry and provided new methods and inspiration for the reformation and development of Chinese Bank Industry.