The Study On Construction Of Shanghai Pudong Development Bank Business Model Of Financial Holding Companies

In the financial internationalization and liberalization, the Group and the development of large-scale trend, accompanied by the rapid progress of information technology and development of comprehensive management of the financial world has become an inevitable trend in the financial industry and realistic option. Financial holding company organized as a form of financial enterprises, is a concrete manifestation of comprehensive financial management. In today's international financial markets, where the most famous commercial banks or financial groups have become almost a financial holding company, such as the United States, Citigroup, HSBC Holdings, Britain, Germany, Deutsche Bank Group, Japan's Mizuho Financial Group.China's financial industry from the separate operation to the comprehensive management of change will surely select the mode of development of financial holding companies, which in our theory and practice community has been basically reached a consensus. However, joint-stock commercial banks, China Construction for the financial holding company specific organizational forms, business models and route choice analysis, is relatively small.At the same time, whether in the practice or in the theory of industry practitioners to "How to build a financial holding company, as well as under the existing policies and regulations of how to build financial holding company" of the proposition there is no clear conclusion.To this end, this article through research and analysis of the various types of financial holding company business model, and the British economist Ronald H.Coase of the transaction cost theory as the theoretical basis and research starting point, with Shanghai Pudong Development Bank of China Limited (hereinafter"Shanghai Pudong Development Bank") for the empirical analysis of the case, discuss policies and regulations in the country under the conditions of the existing building of the financial holding company, how to build the proposition that the financial holding company in order to achieve the financial holding company integration of financial services, customer resource sharing, centralized management, unified user interface, professional and business systems to maximize internal and external groups to reduce operating costs, improve overall efficiency, reduce operational risk and achieve synergies within the group effects of scale and scope of the effect is maximized.Based on the above research background, this article about the financial holding company, the basic concepts of financial holding company business model classification and characteristics of various types of financial holding companies and business models for different aspects of the study conditions, and to Shanghai Pudong Development Bank as the empirical case studies and analysis, and Shanghai Pudong Development Bank to be built on what type of financial holding companies and how to build a financial holding companies to their own opinions and recommendations.There are the five chapters in the Papers.In the introduction, as the paper begins with the theory, on paper background, research methods and ideas, and outlines the background, definition, literature review, the basic framework, research methods, and the main point of this article and innovation, etc. a general description, etc..The first chapter of the Shanghai Pudong Development Bank financial holding companies need to build research, mainly on the basic situation of Shanghai Pudong Development Bank, Shanghai Pudong Development Bank layout of the development of financial holding company status of Shanghai Pudong Development Bank building financial holding company with the conditions and advantages, which demonstrated SPD Banks need to build financial holding company.Chapter II of the financial holding company's business model comparison, mainly on the classification of financial holding company and its characteristics, purely based financial holding company and financial holding company operating two major categories based business model concept, features and application conditions and the environment and to two major categories of financial holding company operating mode of a comprehensive comparison and analysis.Construction of the third chapter of the Shanghai Pudong Development Bank financial holding company's operating mode selection part, the actual situation in China's financial laws and regulations and market environment, research and analysis of the Shanghai Pudong Development Bank building financial holding companies should be business ideas, the selection principle, the business model other aspects, and in accordance with China's financial system in the main scope of business in each market, financial characteristics and the development of the financial holding company in the process of positioning, etc. are described and the description, design the Shanghai Pudong Development Bank building financial holding company's operating model and organizational structure.Shanghai Pudong Development Bank Chapter IV construct the path to financial holding companies design, design development, compared with Shanghai Pudong Development Bank to build the basic objectives of financial holding companies, basic line, and described in this paper and analyzed with the findings and opinions, and Shanghai Pudong Development Bank at this stage Construction of financial holding companies corresponding design challenges of building a path to financial holding company steps for reference.After analysis, the paper proposes the following construction on China's views of financial holding companies:(A) With the economic and financial globalization and information technology, financial management is integrated in today's world development trend of the financial industry and the reality of options, this comprehensive business as a financial one specific forms of financial holding companies will be Our future direction of financial institutions. Shanghai Pudong Development Bank is no exception.(B) Given that China's existing legal, regulatory and risk control level of the actual situation in Shanghai Pudong Development Bank should be selected purely based financial holding company's business model as its main building financial holding company model.(C)To play a financial holding company for the synergies of scale and scope economies to maximize the lower overall operating costs, increase intra-group cross-sales force, strengthening the control of the holding company, financial holding company should establish a unified working platform and back office operations center operations, and operation of the new design professional responsible for operations, customer service and information technology operations and information management company, the primary professional responsibility and internal marketing efforts and operational status of personnel recruitment, training, dispatch, evaluation, etc. the work of human resources management company, and with reason attached to the banking, securities, insurance, trust, leasing, and other subsidiaries to deploy all staff positions related to the two companies to centrally manage and deploy.(D) Shanghai Pudong Development Bank to facilitate the rapid development of financial holding companies to reduce the cost of policies and communications, Shanghai Pudong Development Bank should be used to set up a new way of convertible non-bank financial services holding company and as the parent company of Shanghai Pudong Development Bank. After the passage of the non-bank financial holding company, the implementation of business acquisitions and investment in non-bank financial institutions and their financial business, so as to implement the layout of the whole development of financial business.