A Research On Risk Management Of Chinese Financial Holding Companies

Since 1990s, financial integration has been speeding up by the drive of economic globalization. And now, mixed operation has become a trend in the financial field. The tidal wave of mergers and acquisitions of financial organizations including banking, insurance and securities is bigger and greater one after another, which leads to the large-scale universal financial service groups popping up at an unparalleled speed. In order to follow such trend, western countries also deregulate the controlled finance gradually, and financial organizations develop more and more all-powerful and all-around. European continental countries like Germany carry out the mixed operation of universal banking traditionally. Likewise, America, UK, Japan and Korea turn divided operation into mixed operation one after another. In response, supervision sectors in certain countries also make corresponding adjustments, from single supervision sector to uniform one.In the background of China's entering into WTO, the voice of mixed operation setting up in China is louder and louder. With regard to the patterns and approaches in detail, the majority of scholars figure out that financial holding company is a favorable way to enhance the competitiveness of domestic financial organizations and make a smooth transition to the system of financial mixed operation. In particular, since December 2002, the first holding company approved by State Department and authorized through People's Bank of China —CITIC Holdings was listed, some financial organizations and industrial groups have been inclined to...