Study On The Evolution, Risk Control And Development Of The Financial Holding Companies

With the development of the financial liberalization and globalization, the entire financial system changed deeply. Accompanying with the booming of new financial institutions, organizational mechanism,transaction tools and the mass merger and acquisition of financial institutions cross industries, the specialized business modes of financial industry disintergrated gradually whereas the mixed business modes rebounded globally with the signal that the main developed countries all picked up it again.Whether our country's financial industry should carry out the mixed business modes is always an important and complicated issue. This thesis, written as an entry of the evolution and development of the Financial Holding Companies, explores the competence of the mixed business modes and the importance of risk control over it. It argues that one country has to choose its own mode in considering of its specific situations instead of just copying the experience of other countries.To justify the above, this thesis consist itself of three parts. The first part makes a introduction to the evolution of the Financial Holding Companies by doing a world-wide comparison of the different patterns of Financial Holding Companies and concludes the general grounds and conditions of growth of the Financial Holding Companies. The second part makes comprehensive study on the risk control over Financial Holding Companies and justifies the importance of the governance structure, internal control and external supervision over it. Based on the theoretic researches of the former two parts, the third part of the thesis studies the ground ther necessity for our country to carry out the mixed business mode and discusses the main problems that our country's financial industry might face in the process of carrying out the mixed business mode. Then, the author puts forward some constructive opinions concentrating on the present situation of China. By reflecting the financial crisis of year 2009, the thesis concludes with a discussion of the enhancement of the supervision system over the Financial Holding Companies.This thesis may contribute on below aspects:1. explore the necessity of the development of the Financial Holding Companies from both endogenetic and ectogenic perspectives;2.probe into the characters of the Financial Holding Companies from angles of financial system and organizational form;3.put forth the holistic development strategy of China's Financial Holding Companies from macro and micro aspects;4. emphasize the crucial role of the government in the development of the Financial Holding Companies;5.think of the post financial crisis development strategy of the Financial Holding Companies.