Mixed Operation Of The Risk Of Financial Institutions In The Context Of Decentralized Management

Under the context of more and more visible financial institutions' mixed operation trends, it's time to reiterate the problem of mixed operation. The point does not exist in the necessity but what changes should financial institutions be confronted with, given such an inevitable trends.The dissertation is studying on the changes of financial institutions' risk management when facing mixed operation. The methodology in this thesis starts from the classical financial theory, Markowitz portfolio model, and tries to use diversification method to put forward a new idea on risk management under mixed operation context for China's financial institutions (financial holding companies).The major fruit of this dissertation is the theoretical framework on risk diversification management for China's financial institutions, and base on the framework, it gives several operational suggestions on how to implement the diversification. Generally speaking, the main idea of this thesis is in line with comprehensive risk management theory, but it follows a different logic and emphasizes a different key point. It's a new in-depth research on risk management theory and contributes to both theory innovation and practical operations.