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Study On Development And Innovation Of Finance Intermediation On The Way Of Institution Vicissitudes

Posted on:2005-02-25Degree:MasterType:Thesis
Country:ChinaCandidate:R B ZhangFull Text:PDF
GTID:2156360125958759Subject:Finance
Abstract/Summary:PDF Full Text Request
Emergence and development of finance intermediation are attributed to building and evolution of its functions of cutting short exchange cost including information-searching cost, giving its investors services of risk cost management and value-elevation on the basis of efficient information management by advantages of scale-effect, technologies and institutions. For the institution vicissitude, finance institution has always evolved on the way to act more efficient functions of finance intermediations. Risk management has increasingly become the core function which is furtherly strengthened in the competition with the capital markets. In the other hand, stronger function asks for more efficient finance institutions.Development of finance intermediation means the scale expansion and the function evolution. In China, fund risk management is the oriental cause of its finance institution vicissitudes or finance intermediation development, because it provides the risk management function with risk acceptors with good function of risk management, various finance products, and help build the indirectly-regulated interest rate institution as one of its core institution.Finance institution in China will evolve along such an undersatisfied road as following: the administrative regulations should be moved off and the two-side finance structure consisting of large-medium-small scale banks and various funds and capital markets will be developed increasingly. Meantime, the condition of our capital markets will be also improved previously on the basis of developed finance intermediations. All these regulations should be observed during the finance institution innovation from the standpoint of long-run development of finance and economy .Presently, the key to developing our finance intermediations lies in the innovation of the inner institutions firstly, then the foreign institutions.The innovation is led to increasing the risk-distributed abilities of finance intermediations, for which finance institution and products should be innovated by the rigid competition among the finance system. In the view of our present bad -abilities of risk management, across-whelm businesses should be considered prudently to operate. Ncverthelcssly, the mode of America may be input in the developed conditions because it gears to the fluids of the world economy development and industry structure improvement.
Keywords/Search Tags:Institution vicissitude, Financial intermediation, Capital market, Risk management, Fund, Bank structure
PDF Full Text Request
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