II
ABSTRACT
Nowadays, there is a considerable gap in the development of financial services
industry between China and the developed countries in the west,in terms of efficiency
and competition.In order to solve this problem fundamentally,we must find a reasonable
path for the development of the financial services industry,while the Government have
to draw up a reasonable policy,so as to ensure that there will be a healthy and orderly
develpment and constantly improvement in the global market share for China's financial
services industry.The basic idea of module is, through the decomposition and
concentration of modular,to reduce the complexity of the industry,and through
competition between enterprises within the module, to seek the optimization and
upgrading for the entire industry.As a new type of industrial structure, the modular
industries, by enabling the formation of a standardized architecture ,provide users with
higher quality and more efficient service.This article is based on the modular idea to
seek a reasonable path for the development of the financial services industry.
This dissertation analyzes the feasibility of Chinese financial service industry
modularization in the first place, namely, whether the financial service industry is
involved in the modularization industries. The analysis indicates that financial service
industry satisfy the requirement of modularization industry. At the same time, after
modularization, the financial service industry can receive more return than before. So
modularization of financial service industry is feasible and necessary. In the next place,
to solve the question whether modularization promotes the innovation or blocks it, this
dissertation try to establish a model and use Chinese quoted corporations of financial
service industry as an example. Theresult of the case proves that modularization
eventually promotes industry innovation.
Based on the analysis above, we can have a rational approach. At first, the industry
tries to integrate into world financial service market. Second, the corporations try to
expand the domain of their products. With continuous expanding, big corporations will
try to merge other smaller corporations. It could be called integration period. After
dominant corporations emerge, the core module can then be established, and
eventually modularization system of Chinese financial service industry could be
established.
Key words: Financial service industry,Development approach,
Modularization,