Banks And Securities Cooperation And Development To Explore

The finance of China has been operated separately since July of 1993 ,and the original intention was restraining the overheating of economy at that time and rectifying the financial order , and with the issuing of " The Law of the People's Republic of China on Commercial Banks " in 1995 and " Securities Law of PRC" in1998, the separate?fragmented?banking system has been changed into a monetary system with meaning for a long time .It requires the business of commercial banking , securities business , commercial insurance business to separate strictly. The purpose of separate?fragmented?banking system is to protect the security of the financial system, however, while it is easy to supervise and take precautions against the risk, the separate fragmented banking system has reduced the business efficiency of the financial institution, such as the operating efficiency, the innovative efficiency and the efficiency of resource distribution.According to the practice of our country, the separate fragmented banking system was unable to promote the competitive power both of our commercial banks and our securities companies effectively over the past 10 years, which are difficult to face the challenge of foreign financial institutions of mixed operation after joining WTO. But on the other hand , our financial system is not still qualified to launch mixed operation. So, under the separate fragmented banking system, it's a realistic choice to let banking and securities business (commercial bank and capital market in other words) carry on cooperation of a certain degree at fund , business , organization.This thesis is divided into five chapters. The first two chapters mainly explain why our country at present will launch the cooperation between banking and capital market (CBBC), the last three chapters mainly discuss the problem of how to launch CBBC in our country.The first chapter launches the theoretical foundation of CBBC , including the functional and structural finance theory, the economic theory of the special-purpose assets theory , the large-scale production theory, the range –scale production theory and the enterprise's strategy theory. The second chapter mainly discusses the background of our country's launch of CBBC at present. On one hand our country is qualified to launch CBBC, On the other hand, our capital market and commercial banks both have potential crises in their respective development , and only through CBBC could they remedy the mutual defect and promote the competitiveness together . The third chapter describes the current situation of CBBC in our country , and it analyses from two aspects: one is the mutual fund flow between banks and capital market , the other is the main ways of CBBC at present . The fourth chapter is the key part of this thesis, the author makes her own analysis about the development trend of CBBC, and puts forward six feasible suggestions: (1)Develop and utilize the information resources together and improve the operational efficiency of both banks and securities companies; (2)Allow bank credit funds enter the stock market orderly and rationally to widen securities trader's financing channel; (3) Develop assets management business through CBBC; (4)Through the platform of capital market , improve the mobility of commercial banks' credit assets ; (5)Set up financial holding company; (6)Accelerate pushing into the commercial bank and securities company capital securitisation.The last part of this thesis analyses the risk that CBBC might cause , and puts forward the measure of taking precautions against the risk . The main contribution of this thesis is that through deep research on CBBC , using the research approach of linking theory to practice, the author elucidates the important issues that are interrelated with CBBC and puts forward feasible suggestions about the development trend of CBBC in the future.