A Inovation Study On The Transition Of China's Finance Industril Organization Structure

Financial industry is not just an important industrial department in economic society, but more a strategic industrial sector which the whole nation pay high attention to. As A main measure of degree of development and perfection of financial industry, financial industrial organization attracts more and more attention from researchers. Some of the outstanding works are Money in a Theory of Finance by John G. Gurley and Edward S. Shaw and Financial Structure and Development by Raymond W. Goldsmith. However, those studies mainly take the relations between market structure of financial industry and economy as a starting point, instead of analysing financial industry organizations in a separate way. Moreover, not many documents on systematic study of financial industrial organization can be found. As a brand new ecnomic theory, evolutionary economics has shown enormous prospect in spite of its newly emergence. Therefore, dynamic theory of industrial organization based on combination of evolutionary economics and industrial organization theory is bound to provide new research ideas and methods to the study of changes in financial industrial organizations. On account of this, the thesis will systematically analyse the process of the change in Chinese financial industrial organization with theories of evolutionary economics.Alfred Marshall did the most originate research on industrial organization in the early 19th century. This thesis starts with combing the main viewpoints of industrial organization theory from both Harvard School and Chicago School and new industrial organization theories from Chicago School. Then with a combination of major theories and research methods in evolutionary economics, using the theories put forward by Joseph Alois Schumpeter, the author selects three key research levels of self-organization, selection environment, and dissemination mechanism to construct a dynamic research model of change of industrial organization. A complete industrial organization model on the change of industrial orgnization is constructed by the three key levels, in which self-organization is the self-generation, repair and development in inner system compared to hetero-organization, selection environment includes system and market and dissemination mechanism includes the emergence of novelty and copying, all three are an organic whole to work closely together to jointly study of industrial organization constitutes a change of a complete model of industrial organization.And then, the author analyses the change of Chinese financial industrial organization by the dynamic research method. The author also finds that, although industrial organization shows a great improvement after the Reform and Opening, still imperfections exist. The imperfections are manifested mainly in these aspects: insurance securities and other financial institutions are underdeveloped, small and medium-sized financial institutions are underdeveloped, separate operation does not fit the economic and social development, and market entering and withdrawing barriers are imperfect and so on. At the end of the thesis, the author provides countermeasures to the imperfections which exist in Chinese financial industry organization.Finally this paper, the evolution of industrial organization combining the results of the study of China's financial industry organizations, the shortcomings of the recommendations to propose a solution.