Mixed Operation Of Chinese Financial Industry

At the beginning of the paper,we analyze the historical relationship and the logic of universal banking,then we do some research on the practical problem of universal banking and core banking in China. The main points of the paper are as follows:core bank is a baby during its development of universal banks,while universal banks are definite results of financial innovations and deregulation. Nowadays,core bank in China is rational,however,it shows inefficiency and low competitiveness,etc. Therefore,under the base of experiments of universal banks,we need to put forward universal banking in China in order to satisfy the requirements of the financial globalization.There are six sections in the paper. The first section is the general discussion. From the start of financial opening up,I analyze the importance of the topic. After summarizing on different ideas about core banking and universal banking,I show the following viewpoint. With the speed-up of China's entry WTO and the agreement of "the Modem Finance Service Act" in the United States,the pace of the financial globalization and innovation will become faster. The history of the core banking in the United States was over by law. Reestablishment of the mode of the universal banking will make the operation of many other countries toward universal banks. Under the condition of financial opening up policy,the advantage of the international universal banks will bring challenges to China's core banking at present. Therefore,we need to examine the mode of core banking in China,and to formulate the policy of universal banking,all these will not only improve the international financial competitiveness of Chinese financial system,but also make the country enter into international economy and keep economic prosperous and social improvement.1 make comprehensive survey of the research of. core banking and universal banking in Chinese academy and find two main points,whose main lines of analysis are risk,efficiency and information,which concentrates their discussions on the basic and factor research. All the research lack historical and logical analysis,that is,they are one-sided.From the research of the history of core banking and universal banking,I examine logically the rules of the change of financial system. Combining with the fact of our country's financial system,I focus my research on the reality and condition of universal banking in China. In my opinion,at present,the depth of market is low and the reform of the state-owned enterprises doesn't finish,so we shouldn't give up completely the core banking operation system,especially under the present law. Keep the status of core banking,meanwhile we need to do some experiments of the universal banking. As the market depth is improved gradually,the financial safety web is becoming better,universal banking will be a definite choice that will be in accordance with the historical development.The second section does some research on the history of core banking and universal banking. Through the analysis of the changes about the rules of financial system in the United States,Japan and the United Kingdom,I find the probability of the historical development of the core banking and universal banking. In this section I analyze reasons,results and difficulties of core banking in some developed countries,such as the United States,Japan and the United Kingdom. Then I show the reasons and process of the change from core banking to universal banking in order to give out the inner rule and requirement of universal banking.The third section gives the logic research on the universal bank. The main reasons of the transmission are the following:the first reason is the financial innovation and deregulation. The second is the international competitiveness. The third is the improvement of efficient supervision.Following the history and logic research,the fourth section analyzes the status of Chinese core banking and universal banking from the point view of reality. In the first part I give the three standards of the core b...