Method Research Of China’s Separate-to-Mixed Financial Regulation And Supervision

Under the influence of enhanced financial innovation and increased international competition, comprehensive financial management represented by financial holding companies has become the mainstream choice and development trend for global financial sectors. In recent years, driven by national policies and financial benefits, many financial institutions and industrial entities in our country have established financial holding companies. At present, financial holding companies have become the dominant mode of comprehensive financial management in China. The development of financial holding companies has posed a serious challenge to China’s current financial regulation and supervision system, and has also become a practical problem that cannot be avoided in the financial system reform.Under the background of quickly expanding financial holding companies in China, this paper analyzes the development status of financial holding companies and its reasons, concluding that the mode of financial holding companies will become the dominant form of future financial management. Starting from the unique risks in financial holding companies and their possible systemic risks, the unsuitability of the current separate financial regulation and supervision to financial holding companies is analyzed, highlighting the urgency of turning from separate to mixed regulation and supervision for Chinese financial regulation and supervision in order to address actual needs. Through research into the classical modes of international financial regulation and supervision and other countries’practical experience in choosing and improving financial regulation and supervision modes, this paper, in response to Chinese national realities and the development of financial holding companies, proposes to establish a regulatory and supervisory system that target-oriented, macro-prudential and micro-prudential so as to put into effect the supposition of mixed regulation and supervision, and a method plan is put forward to finally realize the transformation in three stages based on China’s current system. The possible innovative point in this paper lies in incorporating the research of financial holding companies and Chinese financial regulation and supervision reform into the same logical framework. From the perspective of rapidly developing China’s financial holding companies, the research into the reform routes for China’s separate-to-mixed financial regulation and supervision carries practical significance.