Research On The Survival Trajectory Of Shanxi Draft Banks Before 1900 Revolution

In the late Qing Dynasty, Shanxi draft banks set up branches with huge funds and excellent reputation all over the world, at the same time, they use bills to mobilize funds at domestic and foreign capitals, therefore get the reputation of "Land of Wealth". After the Taiping Heavenly Kingdom Movements, Shanxi draft banks become Qing government’s main official funds exchange major force and important financing, after the Sino- Japanese war, based on the Qing government public funds remittance business,Shanxi draft banks win a larger profit space. Shanxi draft banks use a large number of "draft letters" which Shuttle around the branches, between institutions at all levels to undertake the transfer of information, business reports, transfer funds and other responsibilities, these letters are an important element at Shanxi draft banks’ operational activities. "Shanxi draft banks history data"(updated version) includes 1230 draft letters which are first-hand information to reflect Shanxi draft banks’ business from its rise to decline, having high research value. There are many researches having used part historical information of these draft letters from different sides, either directly or indirectly, however because sorting out all theses draft data would waste a lot of time,also with huge amount of work, so at this point, no one could complete the finish work of all these information. Conducting a comprehensive analysis of historical data and research, with longitudinal depth study according to time and space order is beneficial to reveal the Management behaviors and Development law of Shanxi draft banks comprehensively, So this articles defines the two points above as “survival trajectory”of Shanxi draft banks.Therefore, based on the existing draft of letters and historical data, this article studies the survival trajectory of Shanxi draft banks before Boxer Rebellion. This article mainly uses the historical data classification and sorting method, chart method, simple data analysis method and historical method to analyze the length(macro level) and the breadth(micro level) of Shanxi draft banks’ survival trajectory. Because of its business information occupies “half of the country “of the draft letters and historical data, this article uses its "business" as the “representative “of Shanxi draft banks survivaltrajectory. Firstly, this article uses the Shanxi draft banks macro development context as a benchmark, from the study of the Transformation of Shanxi draft banks main service object, the development of types of business, the transfer of the exchange centers, the adjustment of branches, and then draw the Shanxi draft banks roughly survival trajectory the business change as the point, making a Longitudinal study of Shanxi draft banks s Development law. Then, Based on the existing draft of letters and historical data,this article mainly analyzes Shanxi draft bank’s business philosophy, mode of operation and management system, analyzing the Inner power to boost Shanxi draft banks’ successful development. Lastly, this article combines the two aspects, extracts the successful experience of Shanxi draft banks, and then takes examples for the contemporary banking industry. In conclusion: In the survival trajectory of Shanxi draft banks, it always follows the development of the times, seeking the best business models which can provide profits, including business objects always follow the big clients,develop business with the development of the times, Exchange centers follows the economic centers’ change, branches maintain the elastic expansion and contraction to be adapt to the change of the situation: at the same time, Integrity business philosophy,flexible mode of operations, prudent managements, expanding breadth of Shanxi draft banks survival trajectory,also they support Shanxi draft banks to become the "leader of the financial industry". Thus, on the basis of the above analysis, the modern banks should conform to the requirements of the times, advance with the times development;adopt flexible, humanized management mode; inherit Confucian businessman’s Sincerity-oriented, people-oriented corporate culture, avoid operational risks and make prudent operation.