Mixed Operation Of China's Banking Industry Securities Industry Research

After China's entry into WTO, Chinese financial sector will be open comprehensively to the outside world. After five-year transitory time, the foreign financial institutions with rich actual strength will come to China to carry out intense business competitions with Chinese financial institutions. As they all practise mixed business, this will cause a strong shock to Chinese financial institutions which practise diversified business. This paper systematically explains the shock our financial sector is subjected to after joining WTO, analyzes the necessity and feasibility of putting forward mixed business in China, moreover, brings forward specific measures and discusses the reform of financial regulatory system under the condition of mixed business. At the end of the paper it put forward some propositions to perfect relative conditions for the practice of mixed business.In the first place the article represent the theory of mixed business, starting from the historical change of financial operational system in main western developed countries and drawing from their historical experience of mixed business, the article utilizes the method of combining logic with history and integrate with real status of Chinese financial sector to study China how to propel the system of mixed business, so as to find a development pattern which suit Chinese financial sector.The main conclusions of this article are following: first, it has become the necessary choice to practise mixed business in China. Second, starting from the real status, conditions of mixed business have not formed in China. If we immediately practise this system, huge risk will produce, finally this will affects sound development of Chinese economy. Third, China should propel the system of mixed business step by step, through strengthening the cooperation between banking and securities to foster the condition and establishing the financial holding company to propel mixed business, based on the full development, finally enlarge mixed business to insurance and comprehensively practise mixed business. This will greatly enhance the international competitiveness of our financial institutions, build up "super aircraft carrier" of Chinese financial sector to meet the international challenge after China's entry into WTO.