On The Holding Company Of China's Financial Regulatory System Legal Issues

The financial holding company is the result that the global finance seek efficiency and balance since the 20th century. It has become the main choice of the counties whose financial system is changing from separate operation to universal operation. The financial holding company defined in the article is a company that provides multi-financial services in such fields as banking, insurance and securities by way of directly or indirectly controlling or holding a certain percentage of these financial companies' shares and other ways and never performs other operations and managements.In recent years, the financial holding companies developed quietly in China. But according to the relevant laws and regulations and the requirements of "separate operation, specialized supervision", the financial holding company's status in law hasn't been defined and there are barriers on its supervision. With our entry into WTO, the financial fields will be opened and we will confront great challenges coming from the international financial groups. So it is extremely important for us to keep the financial risks away by studying the supervision system of the financial holding company.The article consists of the main body, the preface and the concluding remarks. The main body includes four chapters, of which the first chapter introduces the principle theory and current development of the financial holding company; the second and the third chapter analyses the connotation of the financial supervision, compare the supervision and legislation of the financial holding company in British, USA and Japan, conclude the use for reference to our country. On the base of these, this article introduces the functional supervision, builds the umbrella supervision pattern to realize the rigorous and efficient supervision over the financial holding company in our country. In these chapters, the article discusses the supervision system construction of the financial holding company in China by analyzing the supervisions over the corporate governance structure, capital adequacy, internal trade, and illicit competition. The forth chapter introduces such precaution and rescue measures against risks as market admittance, establishment of the "fire wall", duties that the mother company bears to the son company, and deposit insurance system, puts forward some advises for improvement.