Sichuan Province, The Formation Of The Feasibility Study Of The Financial Holding Company

Financial development is definitely a vital part of the contemporary economy. Sichuan Province, as a well-developing province in Western China, has many local financial institutions (mainly small & middle sized). Its financial developing condition plays a highly important role in the implement of China's Western Development Project. During the reform of local financial institutions, the key solution for their survival and development is to remove the historical burden, improve the operation and management, and strengthen their ability of supporting local economic development. Therefore, it is very important for the healthy financial development to research and find an effective way of integrating the local financial resources.On the base of analyzing the developing process and tendency in financial industry, this dissertation will make a clear point that integration of financial business has to be the choice in the development in financial industry. In the current system of financial business segregation in China, establishing financial holding group is a realistic option to change the system from segregation to integration.Firstly, it will analyze the advantages of financial holding enterprises and the tendency of financial business integration, then discuss the reasons which result in the development of financial holding enterprises. Moreover, an analysis of different form of financial holding enterprises will be produced through the research of some developed countries'financial holding organization, such as UK, Germany, Japan, etc. It will be extremely useful for our country to develop the financial holding enterprises.Secondly, this dissertation will analyze China's present condition of financial industry, point out that financial holding enterprises in the present framework also start to grow up with deepening of financial reform. Those local financial institutions have to improve the current situation while they are facing more and more competitive challenges. Inevitably, merge and restructure become the realistic choice for them.Lastly, a key solution for the reform and development of the local financial institution in Sichuan Province will be concluded, which is to construct a local financial holding group (Bank of Sichuan as the host company). Then this group will merge or take over other non-banking institution, such as security company, insurance company, trust company, so as to control them and become the financial center of Western China.The main contributions of this dissertation are:(1)A plan of establishing Bank of Sichuan, then organizing a financial holding group upon it. The specific procedure and methods of implementing this plan are also included.(2)An crucial analysis is to put the prospect of local financial institution into the large framework of globalization, consequently higher requirement has to be made for the reform and development of local financial institution.