Development Of The Financial Industry Conglomerate Based

This paper is mainly based on the perspective of financial industry development for the enterprise group which is another perspective of industry and finance combination.It is studied by motivation, necessary condition, paths, management and control mode, risk prevention and effect assessment, etc. First of all, Theory of development financial industry in domestic and international group are reviewed and evaluated. Problems existing in the research process and the insufficiency are analyzed. The content and the innovation in this article are put forward. Overall, the development of the group which already has the conditions of the development financial industry, is strengthened by producing synergistic effect, making up for industrial cyclical risks, and improving the group competition.It is provided a powerful support in the financial development of the group by the industry cycle theory, the industry value chain extension theory, the internalization theory, and the scale economic theory, etc. By comparing to the international and domestic financial industry development in the successful group, it is concluded that the financial development is the product which the group gets to a certain stage. There is a need which producing financial reasons. It is the necessary conditions for the development of financial industry that the group entities with a certain industrial scale, the main business lies in the leading position, and there are stabling cash flow and corporate leadership’s ability to control a variety of industries. The more successful in diversified business operation, the more easy to development financial industry.All kinds of possible paths which the group financial industry developing are analyzed in this article. It is proposed for the arrangement of the investment in financial institutions at different cases. In holding or participating, it is analyzed by the model, and concluded that it should be holding investment for produce synergistic effect of financial institutions. Setting up a new institution is should be adopt if the new approval of financial institutions are relatively easy. Otherwise, acquisition mode shall be adopted. The author divides two categories which profit and loss situation has been carried on the valuation analysis.In management and control of financial development for the group, this paper studied the control mode of the financial holding company. Through analysis the advantages and existing problems of the financial holding company, the author believes that through implementation of " the big investment" and " the big financing" strategy can effectively avoid the problem of "hollowing out" of the financial holding company. In terms of risk prevention in the financial development, it is necessary to have a plan development, production synergy as the goal for carrying out the financial industry investment. At the same time, it also need to strengthen the construction of internal control of financial holding company and subordinate institutions, perfecting risk control system.In empirical research, it is discussed by a large number of cases. At the same time, structure models are used, the investment of non-financial listed companies financial stock in the data is verified analysis, it is concluded that the implementation of the financial industry for development of the group is the conclusion of utility; In the five major power generation groups on the basis of analyzing financial developing, it is pointed out that the development of financial in the professional group should be serve the major business, realizing synergy effect as the goal, rather than blindly pursuing financial "full licenses"...