| In the 20th century, the global financial industry has finished the dramatic turns of being blended-fragmented-blended. Especially in November 1999, the promulgation of financial services modernization act symbolized that the blended banking system has been employed by most of the countries in the world. China has entered WTO , the financial industry of it must be involved into the trend of the world development gradually, and then the fragmented banking system of China will be impacted greatly for sure. Therefore, the analysis of advantages and disadvantages between the fragmented and blended banking systems, the study of the choice for the financial system in China will play an important role in real life.From the analysis of the advantages and disadvantages between the fragmented and blended banking systems, we can draw a conclusion that it is wise for a country to choose blended banking system if the certain element needed exists. The main goal of it is to explore the proper financial system for our country and propose some suggestions for the realization of the future financial system according to this certain element and the practical situation in China. There are mainly four parts in this essay:The first part introduces the developing process of financial systems in USA, England and German briefly, also draws a conclusion that there is a trend for the financial system in foreign countries. Then, it analyzes the reasons for the direction of blended banking system for the banks in other countries in details, printing out the blended banking system is the result of financial globalization, banks' competition, the improvement of objective conditions, the development of technology and the loose of government's control.The second part mainly analyzes the internal reasons of the changes from fragmented to blended banking system from the perspectives of microcosm and macrocosm. It points out that fragmented and blended banking systems will have different effects on the profit, venture, cost and market competition of thecommercial banks. It belongs to the management strategy of microcosm. Since the blended banking system gives the banks more freedom to operate themselves, it becomes more popular. Then comes the analysis of the venture, efficiency, conflicts of interest and monopoly of fragmented and blended banking systems from the perspective of the whole society. It proves that a country should utilize the blended banking system if there are necessary objective conditions. Finally, it's the discussion of the necessary elements for the blended banking system, mainly including valid financial control, healthy market system, the wish and ability of financial management for the banking system, flourishing security market and complete marketing system.From the third part, it starts the study of the choice for the financial system in our country. First, it recalls the development process of the fragmented banking system of China. Pointing out that it has been adjusted by the financial control department in order to fit the developing needs of the financial industry. Then, It analyzes the conditions needed for the blended banking system in our country from the perspective of marketing operation system, venture control in commercial banks, developing level of security market, financial rules and control level and draw a conclusion that the blended banking system is the practical choice for the financial industry in our country.The fourth part first analyzes the developing direction of financial system in our country, pointing out that the blended banking system will be a necessary choice for the future as a result of entering WTO, internet economy, development of commercial banks and the revolution of national enterprise. Then, it proposes some suggestions for the processing steps of the blended banking system in our country, pointing out that our country will realize the change of financial system gradually in the ways of business cooperation and financial holding company. The last part is the disc... |
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