Analysis In China Financial Structure Evolvement And Impetus

Financial structure is the sum of existing financial institutions and instruments, which is a static concept. The change of financial structure, also called financial development in other occasions, would take another form in the developing countries. Some economists had defined it as financial deepening. The institution modifications of financial structure are the financial development in the transforming economy.The different financial structures have different characters and represent differently in the development of economy, which also play different roles in the economic development. Generally speaking, the modification of financial institution is a slow motion process, and maintains relatively steady in a given period. But, from the beginning of Reformation & Opening, China's financial structure has changed rapidly and is deficient of steady. The main reason is that China has been in the process of reformation of economy systems. As a necessary part of economy system, the financial system has been also in the process of changing. The main impetus of the changing is government. Under the permission of government, the civil institutions can exert effects also. In this sense, the modification of China's financial structure is the typical compulsory institution modification.According to the process of the reformation of financial system, China's financial structure can be divided into three periods. In every period, the categories of finance institution, forms of organization and the number are different; as a result, the financial system is different. The financial structure takes on different characters in different periods, which reflect the development of finance.Besides the compulsion of government, there are other factors that have effects on the financial structure, such as the development of economy, the reformation of ownership and the change of the corporations' operation and management. The influencing mechanism is both cost and inspirit. As the new institution economics tells us, there is no economic stimulation, there is no innovation. It is important for the analysis on the modification of China's financial structure to analysis all the factors.The article is arranged as follows: In the first chapter, the origin, development, changing of the theory of financial structure is narrated. Besides, its actuality and application in china is also stressed in it. The discussion on the reformation of China's financial system is the main content in the second chapter, because the reformation is the decisive reason of the changing of financial structure. In the third chapter, I put emphasis on the development and differences of financial structure in different periods. By analyzing the indexes, such as financial interrelations ratio and the development of financial structure, the characters of financial structure in different periods are compared. In the fourth chapter, the impetus of the financial structure's modification is the pivotal content. Because china is in the process of innovation transforming, it is important to analyze the impetuses that result in the modification.Up to now, there are no any theses to analyze the modification of China's financial structure systematically. I expect that my research can open a new way to this field.