The International Experience Of Multi-operation In Finance And A Suitable Pattern In China

Since the 1980s, the global financial industry has undergone tremendous changes; one of the major change is that the financial institutions became group pattern, globalization and multi-operation. In all developed countries, separated operating system in finance was broken; the operational restrictions among financial institutions have been abolished, and the cooperation between banking, securities, insurance and other financial institutions gradually shift to deep-seated. During 1990s, a number of super financial groups birthed, their assets are large-scale and multi operations, so they are able to provide "one-stop" financial services and products which including banks, securities, insurance, trust, leasing and asset management for the worldwide customers.At present, China's financial market has emerged a number of large financial groups such as the CITIC Group, China Everbright Group etc. They were responsible for the full liberalization of the financial sector and international financial giants' competition. But in the meantime, these domestic financial groups have many problems in the internal construction, property rights system and business model etc, relevant laws and regulations has not yet been started. Therefore, in China the development of the financial group must based on China's national conditions. And the first job is to find a suitable business model, only on this basis to find that we are able to adjust and improve the group's internal control, risk management, Property and financial regulatory reform.This paper is aimed at finding a comprehensive business model for China's financial group. Although the financial industry is still operating under separate supervision and operation, however, multi-operation in finance becomes a trend. Therefore, it must be studied in the initial stage of this issue, other whiles it would lead to chaos.This paper attempts to analysis the three typical integrated business models in the world and compares them to sum up the applicability, advantages and disadvantages of those models. Then, do some research on the development of China's financial industry. Finally put a theoretical model for the multi-operation of China's financial industry.