Studies On The Regulation System Of The Mixed Operation In China’s Banking

With the progress of economic globalization,integration and the deepening specialization of the financial industry,mixed operation has become a certainty trend of the international banking industry since the late 20~thh century.The banks of major economies entered into a new stage of mixed operation.Because of the special times of the developmental stage,Chinese banking-oriented financial system,in contrast,confirmed separated operation and regulation system in 2003.In recent years,as the deregulation of the government towards banking operation system,as well as the financial innovation,institutional transformation of mixed operation is being realized to a certain extent in China’s banking industry.However,remarkable internal conflicts between mixed operation and separated regulation system were produced by lagging on regulation system reform of the government.Therefore,government’s financial regulation system reform is imperative in the view of mixed operation.This dissertation focuses on the problems of government’s regulations in the mixed operation of China’s banking industry in combination with the analysis tool and theory of new institutional economics and new classical economics within the scope of regulation economics,which highlights the incentive and restraint function of government regulation system.First,this dissertation uses motivation analysis of government regulation in mixed operation of banking industry as its starting point,analyzes and establishes the realistic path of government regulation in the aspect of system and mechanism,and analyzes the main factors that influence the government regulation intention and behavior from the perspective of cost benefit,financial innovation regulation game and effective boundary based on the basic theory of economics.Second,on the basis of summary and induction,this dissertation clears and defines the scope of the mixed operation in China’s banking industry,and the two main modes of mixed operation in China’s banking industry under government’s deregulation including capital mixed operation mode and contractual mixed operation mode.The internal mechanism,degree of mixed operation,and current state of the two main mixed operation modes are also analyzed and discussed based on the efficiency and security perspective.The efficiency of the mixed operation in banking industry is also analyzed and compared by using the method of empirical analysis.Then the dissertation demonstrates the real rationality of the deregulation in mixed operation at this stage.Finally,there is an in-depth analysis of the current situation of China’s government regulation,the problems,and the causes of the problems on the basis of the comparison and reference of the western developed countries’regulation system of mixed operation in banking industry in different historical stages.The research that studies on regulation system of mixed operation in China’s banking industry shows that government’s deregulation does optimize the financial resources allocation to a certain extent and also improves the operation level and competitiveness of the banking industry.There is a significant difference of the efficiency improvement in contribution among different banks in China.However,the government’s regulation of the capital mixed operation mode has a lot of prominent problems,such as insufficiency of systematic supply,high barriers to entry,imperfect regulation mechanism.The deregulation and policy improvement based on efficiency improvement need to be further advanced.At the same time,the government’s regulation lacks predictable and timely effective regulatory arrangement to the innovated regulation of contractual mixed operation mode,which triggers a series of problems,such as the regulatory race,repeat regulation,and blank regulation,and causes serious systemic risks and market chaos.All these problems have risen to the core objectives and tasks of financial regulation at the national level.Therefore,in order to promote the stable development of the mixed operation of the banking industry in our country,this dissertation puts forward series of reform measures that the government regulates the mixed operation banking industry based on the in-depth analysis of problems and causes in current government’s regulation of mixed operation banking industry.