China's Supervision Of Financial Holding Companies On The Legal System

Since the 1990s, the development of financial integration has been quite fast under the powerful push of the trend of economic globalization and the cross-sector operation becomes a trend. Furthermore in the international financial circle has "M&A" wave in banking, security and other financial sections has exceeded a wave, which led to the production of diversified financial conglomerates in unprecedented speed. In order to comply with the trend of universal banking system, the west countries have gradually loosened financial control and financial institutions in those countries developed towards it.Under such background of universal banking system, the appeal to keep up with the international trend has surged upward in China. As for the specific model and way, most scholars took financial holding company as the best one. Especially when the firstfinancial holding company--CITIC Group established in December of 2002, uponconsent by CPC central committee and State Council, many financial institutions and industrial groups wanted to have a try in this area. But all the practice in the area is not standard and norm. More importantly, the legislation of our country is a blank too in the supervision on financial holding company. So, it is an urgent task to take research on the risk-management and supervision of financial holding company of China. The aim of our research is to give necessary theoretical support to the establishment and normalization of financial holding company in China.This article obtains from the financial holding company's development background, has carried on the limits to the financial holding company's concept, described the financial holding company in the domestic and foreign development present situation; In the general risk, the special risk which faces to the financial holding company make the analysis in the foundation, through model overseas to financial holding company's supervising and managing experience, proposed with emphasis how our country should from the legislation the rules and regulations finance holding company, carry on supervising and managing to the financial holding company the main content, enable our country by the time the financial holding company to obtain the healthy development.