The Second Generation Of Payment And Settlement System Of The People's Bank Of China's Impact On Commercial Bank Management

The payment clearance system of Central bank is the key part of the payment and settlement system, it is also one of the most important infrastructure to ensure economy and financial operation. With the development of our marketing economy, the first generation of this system led by People’s Bank of China can’t meet the needs of fast advancement of modern economy and finance, therefore we desperate to set up a platform for easy handling, safe operation and centralized payment---The payment clearance system of the second generation. This new system will surely have a significant and far-reaching influence on the management of China’s commercial banks. To make sure the smooth management after its operation as well as the prevention of its potential risks are the main tasks of the People’s Bank and participant finance institutions. This article mainly makes analysis from the following aspects:Firstly, the introduction of the payment clearance system of the second generation, including its overview, construction course and comparative analysis with the system of the first generation. Secondly, the analysis of its influence on business banks management. Finally, after the appliance of this system, the potential risks and opportunities brought about by work flow reengineering and business development and the ways to cope with them, promoting its business and enhancing its competiveness.The second generation of payment clearance system ley by People’s Bank of China with the involvement of other financial institutions is a high efficient, secure and modernized system. The thorough and rounded analysis and the transformation of the participating institution is of great importance. Additionally, how to ensure its final-period management,risk prevention, business development and being well-prepared for its new system is one of the most significant research among the participant institutions.