The Reform of Human Resource Management in China?s State-owned Commercial Banks ---Case Study of Bank of China, Jinan Branch

Introduction

Research background

Just like with U .S . banks , subprime mortgage crisis also inflicted losses to China 's banks . `Bank of China , Bank of China Hong Kong branch Industrial and Commercial Bank of China and People 's Construction Bank of China purchased some subprime mortgages . However , the loss caused by the crisis was very limited to these financial institutions , due to the unopened credit market in China (R , Pan , 2009

.9 ) Not only that `until December 2007 , in the global financial institution market value ranking , Industrial and Commercial Bank of

China , People 's Construction Bank of China , Bank of China , and China life insurance were listed as the top 4 (Ping Lian , 2008 ) These evidences improved the strength of China 's banks , and they are playing an increasingly important role in global financial system . However , the indirect effect of this financial crisis and disparity of HRM practices between China 's banks and western banks cannot be ignored . In order to maintain current strength and global competitiveness of China 's banks , many dimensions such as development of managerial skills , technology up gradation , improvement risk management and HRM reforms need to be optimized

Undoubtedly , since a `competitive advantage ' today is very much related to the intangible assets , to gain critical resource , human resources are the strengths and core competitive advantages of banks ' development . The competitions between banks can be seen as competition of knowledge skills and human resource . Moreover , the experiences of western banks put pressures on Chinese banking industry . Chinese...