Study On The Choice Of Operation Mode In Finance Industry And Its Law Restriction Of China

A familiar dispute about the choice of management mode in finance industry has lasted for a long time. In the thirties of the 20th century, the economic crisis broke out in the capitalist society, the financial market had collapsed. A large amount of banks went bankrupt in the great crises, people began to suspect the rationality of the management stock exchange of the bank and drew the conclusion that integrated operation has resulted in the financial crisis then the separate operation has been adapted in banking industry finally. Since 1970's, a wave of innovation concerning financial globalization and deregulation has swept the world. On November 4`", 1999, the USA congress signed the Law of Financial Service Modernization, which indicated that the pioneer of separate operation abolished this regulation lasting for more than sixty years in USA, Before this, the UK, Japan and Taiwan had experienced "Big Bang"braking down their separate operation. All of these have forecast that the integrated operation, namely the universal banking system, has become the mainstream of financial operating field. But in this whiff of trends, each country has chosen different management mode of integrated operation. There are many differences between these modes. If the integrated operation will be adapted in banking industry of our country, a kind of mode is very important.With the interim being to expire after China's entry into WTO for five years, the Chinese financial institutions are destined to participate in the global economy and to face the keen competition from the "financial conglomerate" of the western developed countries. Against this background, it is inevitable for the Chinese financial institutions to adopt the integrated operation. The financial industry will be in disorder if there is no rules and regulations which correspond to it, therefore, whether do we establish and improve the rules and regulations of financial industry is very important ,which is also the key to the financial industry whether steady and efficient or not.The paper breaks into five chapters except the preface:Chapter One--the review of the developed countries evolvement of financial...