An Research On FHC's Development In China

Ever since the latter half of the 20′century, the economic integration, globalization and the internationalization of capital flow have become an unstoppable trend. The cut-throat competition among American and European institutions led to the rise and development of financial holding companies. With the increasingly deepening of financial institutional reforms in China and it's entry into WTO, financial holding company model will surely be the direction for which China's financial institutions are heading, and it will also be the major method with which China's financial institutions are going to sharpen their competitiveness.Although China is the only country in the world which adopts financially divided operation and supervision, and at present there is no clear defining of financial holding company so far as China's legislation is concerned , there does exit this type of company in China. Our financial holding company system is still at its initial stage of gestation and development. The experts and scholars have made a lot of research on the financial holding company's formation , risk and supervision , but a systemic and integrated formula based on China's practice hasn't been provided. The viewpoints of the financial holding company's pattern in China are different.This dissertation integrates China's development of financial holding companies with the studies and achievements of both domestic and foreign experts and scholars in recent years. By referring to the related materials from the U.S and UK which have already set up the system of financial holding companies, the dissertation conducts a comparative analysis with a view to setting up the integrated frame for China's financial holding companies so as to make our theory of financial holding companies get more close to reality, our system of financial holding companies more operational, and attempting to offer an original and operational formula for the financial institutional reform in China.The entire dissertation consists of six chapters. Chapter One introduces the definition and classification of the financial holding company. Chapter Two introduces theoretical basis related to financial holding company, including it's advantage and special risk. Chapter Three Analysis the financial holding companies in the U.S , UK and German, which enlightening the development of financial holding companies in China. Chapter Four Analysis on the necessity and feasibility of thefinancial holding companies'constitution in China. Chapter Five expounds the status and the development problems of the financial holding companies in China. Chapter Six make suggestions to the financial holding companies's development path in China.