Cooperation Under Specialized Financial Regime And Choosing The Right Forms Of Financial Holding Company

With the development of new economy and the economic globalization, the competition in international finance is competing more and more. The globalization, electronicalization and universalization, the trans-industry & trans-national operation, multinational merger and diversification of financial business become more and more popular. The organization of financial enterprises shows more and more diversification all over the world. Restricted financial operation is transforming to comprehensive one. The new development in international finance needs universal functions in a financial service company. The financial holding company and financial group are becoming the most popular forms in international financial industry.China formally entered the WTO in Nov. 2001 and the opening of Chinese finance is inevitable from all aspects. China is fastening the modernization of its finance industry while the WTO also requires its member country to setup its new regime in the 5-year adapting period. In the regime of restricted financial operation system, Chinese financial industry is improving its competition power through the cooperation between bank-securities, bank-insurance, insurance-securities and research in relevant theories and practice.My essay is working on the theories and practice of Chinese financial holding company according to the restricted finance service companies and development of the universal finance in China. My goal is to offer some valuable conclusions or suggestions for the new reform and development of Chinese finance industry. There are 5 components: 1st, the background and importance for the finance reform and development; 2nd, introduction of the current operations of Chinese banking, securities, insurance, trust companies and their future tendency on the condition that they are strictly regulated and supervised. 3rd, the optimizing choice of the form of financial holding companies under the current financial regulating system and increasing inter-financial cooperations; 4th, the fundamental theories of financial holding company along with the development of these companies in China and some existing problems; 5th, the strategies and goals of Chinese financial holding companies, especially from financial legislation, supervising system and its improvement, the reform of financial operating system, building a good business environment. Some operational procedures and ideas are under consideration while we are optimistic and confident about it.