On The Legal Poly-Supervision System On Financial Holding Companies

The key of defining the financial holding company(FHC) is to clear about its meanings of finance and holding characteristic. In the tradition, the financial industry workings divides into the dividing industry workings and the mixing industry workings. But with group mixing industry workings and corporations dividing industry workings, scientifically said, the workings of financial holding companies is the comprehensive workings.FHCs differ from single-crop corporation in its workings, and this impact China financial regulation system based on the workings of single-crop corporation. To face this impact, the Chinese banking industry regulation committee, the Chinese securities regulation committee and the Chinese insures regulation committee established the regulation system on FHCs by themselves. This system has achieved certain purpose, but it has a good many limitations also. Strictly speaking, now, China doesn't have the legal regulation system on FHCs. At the same time, restricted by the tempo of China financial sector and capability of regulate, China should choose the legal poly-supervision system on FHCs.Since the legal poly-supervision system on FHCs of America has made typical success in the world, it set an important example for China. The writer thoroughly studies the legal poly-supervision system on FHCs of America. Using these studies and considering practicality of China, the writer conceives certain strategies or advices to establish legal regulation system on FHCs of China.The article is divided into three parts: the introduction part, the main text part in four chapters and the conclusion part.In the introduction part, the writer introduces the research background and the meanings of the research in this paper.The first chapter is the conception and workings of FHC(s). First, by clear about its meanings of finance and holding characteristic, the writer defines FHC. Second, the writer expatiates on the general conceptions of the workings of financial industry, discriminates the comprehensive workings of FHCs from general workings and categorizes the comprehensive workings of FHCs.The second chapter is the poly-supervision system on FHCs of China. First, the writer defines financial regulate. Second, the writer expatiates on and analyses the legal poly-supervision system on FHCs. Third, the writer presents the actuality of poly-supervision system on FHCs of China and notes its defects.The third chapter is the legal poly-supervision system on FHCs of America. First, the writer presents the evolvement of American regulate relative law on FHCs. Second, the writer expatiates on and analyses the reformation of American financial regulate system. Third, the writer expatiates on and analyses the major contents and features of American legal poly-supervision system on FHCs. Finally, the writer analyses and expatiates on the revelation of the legal poly-supervision system on FHCs of America to China.The forth chapter is the strategies or advices to establish legal regulation system on FHCs of China. First, the writer defines the object and subject of legal poly-supervision system on FHCs of China. Second, the writer proposes certain strategies or advices to establish new mechanism of cooperating about financial regulate and the uniform financial communication system. Third, the writer proposes certain strategies or advices to establish legal plenitude ratio of capital and internal dealings regulation system on FHCs of China.In the conclusion part, first, the writer summarizes the conclusion of this paper. Second, the writer briefly introduces the criterion of design proposal. of the legal integration regulation system on FHCs of China. Finally, the writer notes that restricted by his acquirement, there are some deficiencies in this study.