Local Financial Holding Group Was Established

With the economic and financial globalization and speeding up of the country's financial industry, Domestic financial institutions facing an increasingly competitive situation. At the same time, the large industry capital from domestic and foreign are speeding up the acquisition process on domestic financial firms. All this makes the survival of local financial institutions to become more and more difficult. How to form a resource sharing, access to synergies and economies of scale and avoid and guard against the risk by form a local financial holding group, is a major issue of the local governments and local financial institutions.This article first reviewed the relevant theoretical research results, analysised the main advantages of the Financial Holding Group, and compared Domestic and foreign financial holding group and the organizational model. Then, this article focus on the formation of the necessary of Hunan local financial holding group. It would be useful to improve the local financial services industry's competitiveness, in line with local economic development in Hunan Province to speed up the "financial first" strategy, it is also the need for Create a regional financial center. Followed by article on the formation of local financial holding group in Hunan, respectively, from the macro-environment, Hunan local conditions, conditions of the main unit. Hunan formed the view that the local financial holding group has had the feasibility of the theory and reality.The initial program of forming a local financial holding group in Hunan Province is designed based on this. The principles and the construction model of Hunan local financial holding group are clarified, basic design of construction are proposaled, the relevant organizational structure and management model are constructed, development goals and implementation plan of strategies module are defined, and to ensure the success implementation of the program a number of policy recommendations are raised. Author hope this article helps Hunan forming a local financial holding group, Strengthen the capacity of financial innovation, improve the regional economic structure, speed up economic restructuring, and provide some useful reference to other provinces and cities to form local financial holding groups.