Research On Construction Of Financial Holding Company

The mixed operation system will represent the orientation of the future financial management system in the whole world. The cut-throat competition among American and European institutions led to the construction of financial holding companies. The joint forum of financial groups, founded with the support of the three major international supervision and regulation organizations, namely, Bassel Banking Supervision Committee, International Securities Federation, and International Insurance Supervision and Regulation Association, issued the Supervision and Regulation Principle for Financial Holding Companies in 1999.A financial holding company refers to a financial group which provides service, under one single controlling right, in at least two of the three financial industries-banking, securities and insurance according to the definition of the Principle.In this paper, the meaning and purpose lie in : firstly, to achieve our financial management system transformation needs. Construction of the financial holding company has become China's financial management system transition realistic choice. We will be able to meet current financial regulatory requirements and the sharing of the proceeds of the operation mode. Secondly, China's financial institutions to enhance the strength to deal with the fierce international competition. Construction suits the actual conditions of China's financial holding companies will solve the current financial problems raise the overall level. Thirdly, financial institutions specialized and diversified needs. Emerging financial holding companies to reduce the overall operating costs and speed up financial innovation, specialization and diversification of the effective reunification.With the increasingly deepening of financial institutional reforms, our economy will develop steadily. The construction of financial holding company model, which fits for china's situation and world's trend , will surely be the direction for which china's financial institutions are heading, and it will also be the major method with which china's financial institutions are going to sharpen their competitiveness.Firstly, this article introduced the financial holding company's survey and its success in USA,UK, JAPAN, and analyzed the construction theory of typical financial holding company. Secondly, in this foundation this article studied and expatiated the construction of our nation's financial holding company from the construction pattern, way of construction, government structure, supervision aspect to guarantee the success construction of financial holding company.the innovative use of historical analysis, qualitative analysis, comparative analysis of the building of financial holding companies are established path design model, stock model management structure and regulatory model creation, summing up the predecessors various theories specific, trying to build our financial holding company framework of the overall pattern. China will be the financial holding company theoretical studies closer to reality strengthening financial holding company building the operational regulations, certain forward-looking. Given the limited capacity, this shortfall is that the financial holding company of Construction and no details, lack of specific measures analysis of the model, hope for the future in-depth and comprehensive study done some groundwork.