| Since 80's in 20th century, many countries have come across with problems in financial system. Financial risk and financial crisis have become a difficulty that calls on great economic resources to solve no matter in developed countries, developing countries or countries with economic system in transition period. Especially, the Southeast Asia Financial Crisis in 1997 has drawn close attention from various countries towards financial stability because of its wide affected area, deep influence, high cost in addressing and complex formulation reasons.As the nucleus of payments mechanism and the main provider of capital resources for economic development, the security and efficient operation for financial sector are crucial to the development of national economy. Therefore, financial sector has been regarded as a special sector and its activities are widely observed by regulating body and the public. The transforming function from financial sector's liquidity makes it more risky compared with other sectors. The asset and liability structure in financial institutions is expressed as liability of high-liquidity and asset in lack of liquidity and this unique asset and liability structure especially relies on the public's confidence. The depositor could not monitor or evaluate the financial status of the financial institutions generally, therefore, the run on banks will occur to the financial system if only one financial institution comes across with the dilemma of being unable to pay its liabilities. The liquidity shortage may cause the suspending of payments and the run on a bank or financial institution could proliferate as an epidemic within the whole financial system as a result of the diffusiveness and amplification of financial risk even if other financial institutions are healthy and stable. Consequently, individual and regional financial risk could be escalated to systematic financial crisis to cause the waste of enormous economic and social cost. China should give more attention to financial risk. Financial sector plays a more important role in China's economic development compared with countries with relatively developed market economy, which does not only encourage saving as theessential financial media to transform savings into investment but also is the important sector that conducts national macroeconomic policies and pushes forward national economy. Accordingly, financial sector in China bears the reform cost along with the transition of economic system, which is subject to not only market risk, but also the systematic risk with complicated formulation reasons and mechanism. Therefore, to improve the healthy development of banking sector in China and to maintain the security of financial sector and economy, the research into financial risk does not only render crucial theoretic meaning, but also the practical importance. This thesis conducts the analysis towards the formulation mechanism of financial risk in systematic transition period and its stabilization mechanism under the support of mathematics model and data using theory of information economics and systematic economics. This thesis believes that the essential formulation reason of financial risk is the long-term deviation from balance in financial market. The harmony in financial sector is established on certain equilibrium status. Financial crisis will come up when the equilibrium status is disrupted to certain degree and with the influence of internal and external impacts. The formulation mechanism and stability mechanism of financial risk could be defined tersely as follows: financial system has inherent instability, which could accumulate and build up gradually under the influence of impacts (drive mechanism). Financial risk will come along and proliferate gradually under the influence of conducting mechanism to affect the material economy. The financial risk could be controlled gradually under the influence of stability mechanism. This thesis is divided into seven chapters. Chapter I is the introduction. Chapter II expound...
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