Research On The Development Strategy Of H Financial Holding Company Under The New Regulatory Environment

Forty years of reform and opening up,China's economy and finance have achieved leaping development.With the continuous promotion of financial innovation and mixed operation,China has formed a variety of types of financial holding companies/groups.Financial holding companies,which have significant industrial financial characteristics and unique development advantages,have developed into an important part of China's economic main body and have also become an influence on gold An important factor of financial stability.Zhou Xiaochuan,former governor of the people's Bank of China,pointed out in his speech on China's financial development at the G30 international banking seminar that the reasonable control of financial holding companies will be included in the important content of national financial work,and promoting the sound development of financial holding companies will help maintain China's financial security and stability.Guo Shuqing,chairman of the Bank of China Insurance Regulatory Commission,made it clear in an authoritative interview with the people's Daily that the next step would be to clean up and standardize financial holding companies and strengthen the prevention and resolution of various risks.Later,at the end of July 2019,the central bank issued the Tentative Measures for supervision and management of financial holding companies(Draft for comments),which is intended to include financial holding companies in the framework of macro prudential supervision.The new regulatory regulations reflect the regulatory guidance that financial holding companies must"operate with license",and will strictly control the approval and access of financial holding companies.Subsequently,with the formal implementation of the measures and the implementation of supporting rules,financial holding companies will be subject to Industry and individual development strategies will have a significant impact.As the core financial platform of H group,facing the objective challenges of the new regulatory environment of financial holding company industry,H financial holding company needs to clarify its strategic positioning,formulate effective implementation strategies,and achieve licensing requirements through strategic adjustment and resource integration.Firstly,this paper defines the related concepts of financial holding company(Group),expounds the typical development mode of financial holding company and the main regulatory and legal framework it faces,clarifies the related theories and analysis tools of development strategy,summarizes the related researches at home and abroad,and clarifies the theoretical and policy context of financial holding company;then uses PEST model and IFE matrix and other management tools Combing and analyzing the external environment and current situation of H financial holding company,analyzing the development characteristics and laws of representative financial holding company,focusing on the current regulatory environment,business status and the major development direction of the company,and clarifying the necessity of adjusting and optimizing its strategic objectives and implementing the overall strategy of M&a,so as to adapt to the new regulation System and new market competition,to achieve the sustainable competitive advantage;then analyze the internal environment of H financial holding company,focusing on the shareholder background and internal support of the group,the company's resource capability structure and internal advantages and disadvantages;finally use SWOT tools to summarize and improve the development strategy and specific implementation plan of h financial holding company:clearly put forward that h financial holding company should formulate acquisition and Holding the plan of insurance companies and cultivating development as soon as possible as a capital engine to promote their rapid development and growth in the new regulatory environment;at the same time,corresponding to the strategic goal of industrial investment banks,we should increase the acquisition and merger of high-quality securities institutions,supplement the short board of securities investment banks,provide a good listing exit mechanism for industrial investment,especially grasp the capital market such as the introduction of science and technology innovation board and registration system The opportunity of reform is to gain double benefits of"underwriting+direct investment".Based on the new regulatory environment,this paper makes an in-depth study of H financial holding company's development strategy,which can provide judgment and decision-making basis for the company's decision-makers to deal with the new regulatory regulations in a forward-looking way and adjust the strategic development plan in a timely manner.The relevant research conclusions are helpful for H financial holding company to effectively respond to policy risks and achieve healthy and sustainable development in the new regulatory environment Other enterprises should strengthen strategic management to provide reference and reference.