Study On Bills Operation Innovation Of IC Bank

The bill operation of bank started in1990s. IC bank worked as the first banks whichwere authorized to run bill operation. It has developed this operation into professionalizationand large scale. In the background of reform and open up and financial deepening, individualenterprise financial demand, investor financial demand and drastic competition forcecommercial banks to adjust and do innovation. In new era, IC bank needs to do somethingnew.This article studies the bill operation innovation of IC bank. Retrospect modern financialtheories, it consider financial innovation come from outer and inner restriction. We analyzethe factors which affect IC bank’s innovation. Under PEST structure, the political factors areatmosphere of financial innovation, improvement of institution of bill market and monetarypolicy. The economical factors are development of economy, transition of economic structureand banks competition. The social factor is the change of financial concept of enterprises. Thetechnique factor is electronic computerization. We analyze the inner source of IC bank. Weconsider the relative advantages are professionalization and large scale. The weakness reflectsthe problem. It is conflict between individual financial demand and IC bank’s lack of billproducts. We conclude the financial space of bill operation innovation based on SWOT matrix.IC bank should innovate out bill product for intensive bill management, individual cash flowsneed and bill finance products.We analyze IC bank’s bill pool innovation and bill related combination product withcases study. We consider bill finance product and electronic bill product are what to innovatein the future. We give suggestion for IC bank bill operation innovation. One suggestion is toexecute bill pool operation and develop more bill related product. One suggestion is todevelop electronic bill product. One suggestion is to explore new business pattern of billfinance product.