Legal Research On Financial Holding Companies In The International Financial Market

Being one kind of innovation in financial organizations, financial holding companies have become an important mold for financial institutions to run multioperation business in the international financial market. Financial holding companies originated from America, which belong to pure holding companies that manage multioperation business by manipulating their subsidiary companies that operate banking, security, insurance and other financial businesses. Due to their superiority in scale and extent of businesses, financial holding companies have demonstrated overwhelming competition in the international financial market.With respect to introduction and comparison of legal systems on financial holding companies in America, Japan, U.K. and other developed countries, the present paper lays great stress on the argument on firewall system of financial holding companies under a thorough discussion and analysis of capital adequacy acquirements system, anti-trust system and strict liability system. In the meanwhile, by comparing the lead-supervision system in America with the mega-supervision system in U.K., the present paper intends to analyze the supervision regime to financial holding companies. According to the current circumstance in Chinese financial enterprises, a legislation proposal is finally put forward in order to develop financial holding companies in China on the premise of the framework of separating-operation business of nowadays legal system.