The Theory Of Financial Medium And The Development Of Universal Banking In China

Now, economic and financial globalization promotes the development of universal banking system. Many western countries represented by the USA and Germany are striving to develop universal banking of various forms in different ways in order to enhance the competition power of their banks in the international financial market. But in China, although the banks are speeding up their development and reform, and some financial holding companies have emerged in China, we still have a long way to go compared with the western countries. As a regular member of the WTO, China will fulfill the promises to open roundly the financial business at the end of 2006. The foreign universal banking will inevitably have a great influence on China, which make China has no other choice but develop universal banking. But the development of universal banking in china has a long way to go.This thesis aims at constructing a theoretic frame systematically to explain the rationality of the exist of universal banking and the inevitability and feasibility of the development of universal banking in china .On this base, this paper brings forward the strategic assumption of developing universal banking that is suitable to Chinese national conditions. To follow such a logic idea, this...