Legal Regulation Of Financial Holding Company

China's economy steps into a new milestone after its entry into WTO. Financial industry in China not only faces great opportunities, but serious challenges as well. Mixed management, with its peculiar advantage, became the trend of world financial industry development. As one model of mixed management, financial holding company is applied in many developed countries in the world because of its characteristics. Under present financial regulation system, Chinese government is making great effort to transform financial system into a mixed one, so financial holding company becomes an inevitable choice. At present, financial holding companies which are owned by financial institutions and enterprises has already taken appearance in China. However, regulation vacuum appears because there are no related laws and regulations to financial holding companies. So, in the course of pursuing greater development for financial holding companies, the government should create efficient legal environment for financial holding companies in order that they can contribute more to the whole economy.