Research On The Model Of Financial Services Integration In The Binhai New Area

Since the beginning of the 1980's, with the financial globalization's competition intensifying, customers'demand for financial services diversifying, information technology innovating and financial controls deregulating, and integration of financial services has become an inevitable trend and realistic choice of the global financial industry's development. In the background of economic globalization's rapid development, China's economy is increasingly integrated into the global economic system, however, China's financial reform is lagging behind the overall economic reform, and as China remains divided operations in finance area, the financial institutions have restrictions in expanding their scales and providing different types of services. In 2006, China's five-year financial transition period of opening has come to the end, so foreign financial institutions already pose great threat to China's financial industry. In order to explore integration of financial services'experience, Binhai Area was taken into the country's overall strategy layout in 2006, and became the test base of integrated financial management. Thus how to use the operation of the innovation of the integrated finance to effectively promote regional economic development has become an unavoidable issue.The article firstly analyzes the feasibility of integration of financial services and the regional financial theory in order to find the theoretical foundation of the integration of financial services in Binhai area. Then the article gives a specific analysis of the mature comprehensive operation model in Germany and the United States, making the conclusion that every country's selection of financial comprehensive management model is based on its own economic characteristics, and draws the conclusion that in present stage pure financial holding company is more suitable for the current economic characteristics and the regulatory environment in China. And then the article makes fully study of the structure and the pros and cons of existing domestic financial holding companies in order to find basis for the establishment of financial holding company in Binhai area. At last, the article firstly makes analysis in the current financial holding company of Binhai Area, and points out the defects. Then the article systematically set forth the scheme of the financial holding company in Binhai area, including establishing parent financial holding company, achieving overall listing, constructing the information platform for sharing resources, implementing subsidiaries'complementary and constructing company's internal control.