An Inquiry Into The Co-operations Between The Bank System And Capital Market In The Process Of Financial Reform In China

Since 1970's the global financial system has underwritten enormous transforms, both capital market and other non-bank finance intermediary institutions develops vigorously , the both sides of main fund suppliers and demanders have had more and more investment and financing implements . The commercial bank is suffering forceful competition with non-bank financial institutions.The author believed that: as a direct financing method, capital market is the replacement to indirect financing of bank. Chinese capital market will have a big development. At present, if commercial bank reformation and development want to realize a breakthrough, it must make good use of capital market right away.In the article, the author believed that at present China has not possessed the basis changing"being allotted managing, being allotted supervision", being allotted managing will be the basis of Chinese finance system operating still. For the condition of turbid managing has not mature yet, the commercial bank cooperating with capital market becomes a kind of transition pattern.This article chiefly introduced the theories of financial structure evolutionary and development, setting forth the finance Functional Perspective theory. From"Financing structure","risk - avails match theory","the different estate"and "information disclosure mechanism"several angles, the author compared the commercial bank and capital market and its space working together. the author suggested"making the fund of capital market and commercial bank flow orderly","pushing forward the commercial bank and security company assets bond-rization","changing financial institution's organization frame and running pattern","working together to develop overseas business","developing across-market financial instruments"and so on.