The applications of electronic commerce for the local financial institutes have been advocated for a while. However, the contents of these systems were limited in contrast to the counterparts of the foreign systems. In order to investigate the obvious differences between them, we first gathered a lot of business transactions that were executed on the Internet as well as other online services and then divided them into five major process types. Inheriting the spirit of the feasibility study of the system development, we also proposed a research framework containing four major feasibility factors such as cost/benefit, organizational, technical and operational. Based on that architecture, some driving forces as well as resisting forces for the adoption of electronic commerce were also collected. Then, we arranged the face-to-face interview to visit five EDP chiefs of the local financial institutes to verify the validation of our research framework. Finally, we conducted a mail survey in the banking industry and got some findings. Most bankers appreciated the benefits of financial electronic commerce and had technical confidence to develop applications in-house. Slow legislation and unreliable network security were two major obstacles to restrict the transactions of electronic funds transfer. Besides, the real value of financial electronic commerce seemed to be overestimated.