It Investment And China's Banking Sector Development

Information technology is widely applied in each domain of modern social life, including the banking industry, one of which information technology is earliest applied to. As early as information technology began to develop, information technology began to be applied to the banking industry. Since 1980, information technology is applied to the banking industry more widespread and thoroughly, and the banking starts the informational process.The banking industry has carried on the large-scale investment to the information technology. At the same time the speed of investment is also dramatic. The banking industry has become the high-tech industry which gathers calculator technique, information technology and bank service in integral whole. Huge changes have happened in the traditional banking industry, including the form of money, service mode, the structure of bank, the management of bank and so on. These changes have exerted a major influence on the banking. The paper analyzes the influence that information technology applied to the banking industry has made, and tries to answer the questions as follows. The questions are whether the investment to information technology has created values, and how much to be created and to be converted to the profits. With the instant development of information technology and the combination of information technology and the banking industry becoming closer, the research is necessary and significant.At the same time, the banking industry in China is being at the final stage, at which the financial industry will soon open completely, the competition between domestic banks, between domestic banks and overseas banks, between the banks and the non-bank financial organizations is extremely intense. The research is helpful for banks to...