The Analysis Of International Universal Banking Trend And Its Revelations To China

Under the globalization of the world's economy, and the internationalization and comprehension of countries' financial systems, the globalization progress of universal banking is pushed forward by the 5th international mergence tide since 1990s, which is characterized by the transnational and trans-industry mergence. These transnational universal banks will inevitably affect China's gradually opened financial system and financial market. It is the objective of the paper to discuss how to develop China's financial system to deal with the severe international competition.The paper introduces the background, features and development progress of two typically developed nations' banking system, America and Germany in chapter one. Furthermore, chapter one comprehensively compares the differences in operating function and internal mechanism between the two banking systems, separation and consolidation.The paper goes through the development progress and examines the theory background of China's financial industry's separation and consolidation model. Chapter two further analyzes the deficits in China's banking system, the outside pressures since China's entry to WTO, the current situations and problems of China's financial industry. Chapter two finally concludes that China's banking system will inevitably switch to consolidation model.Chapter three studies the scope economy of universal bank's diversified management from the view of capital specialty. Applying other authors' achievements on the scope economy's current situation of China's banking system, the paper specifically expounds the strengths of universal banking system, and put forward the possibility and feasibility of universal bank to develop in China.Chapter four discusses the path of China's four state-owned banks to consolidation management and universal banking system on the current bases of specialty operation and separation management. The paper tries to construct the organization structure of universal banking from the novel viewpoint, and further mentions the control methods during China's universal banking system's evolving and forming period.