| First part: The brief and main points. Looking back the financial industry development in the world, onerule is true on the whole, which is combination to separation, then tocombination. It is not as easy as it looks: the later combination doesn'tdeny the separation to simply get back the original one; it is a zigzagprogress for the financial industry to pursuit the "security" and"efficiency" under the relocation of the financial industry function causedby the market divide.Chapter one: The path of the financial industry in China. This chapter is mainly to picture the background about establishinguniversal insurance in China. From the beginning of CRPC to 1978, thefinancial institution was just one department of government, with noattention about how to manage itself. From the middle 1980s to the early1990s, the financial industry structure was dominant by the four nationalbanks and complemented by other non-bank financial institutions, whichwas an original universal finance. Without the corresponding law, strongsupervision and effective inter-control, the financial industry was badlydisordered in 1993-1994; as a result, the law about compulsive separationfinance was published by government in 1995. But the environment hasbeen changing greatly until now; the separation finance maybe fit thefinancial industry development at present whereas it wouldn't be in thefuture. The problems of current separate financial industry are caused bythe fund efficiency, finance innovative and our entrance into WTO. Wecan find the future of financial industry in China would definitely gotowards the universe finance.Chapter 2: The universe finance in the world: practice andexperience Starting from the financial industry development in America, thechapter put the emphasis on the financial services holding company fromits appearance to across-the-America and gave the City corporation asexample. In addition,《GL-BACT》, which had an important impact on thefinancial services holding company, was also introduced in this section. The main part of the chapter is to discuss how the insurancecompany to combine with other financial institutions under the universalfinance background. The action includes two parts: one is theorganization integration, there are three modes can be chosen: universalinsurance company, mutual stock holding company, financial serviceholding company. The other is regulation integration that can be markedas institution supervision and function supervision. After whole and deepanalysis about these measures, I concluded that the financial serviceholding company and function supervision would be the best choice forthe developing country. As for the company operation integration wasconcerned, this part compared the bank insurance and insurance fundinvestment that are the typical universal finance representation. All abovetry to answer how to reach the universal finance for the Chinese insurancecompany.Chapter 3: The financial service holding company is the ideal choicefor the Chinese insurance company. We have already known that the future of Chinese financial industrywould be universal finance, so how the insurance company can choose toadapt the huge change and develop it under the universal finance. Theanswer is the financial service holding company, whose necessity andfeasibility will be given later. The first section is the necessity analysis of financial service holdingcompany. From the macroeconomics: the first, the globalization ofeconomy and finance following our entrance into WTO bring greatpressure on the Chinese insurance companies. They are confronted withfierce competition stress. At the same time, the technology progress andfinancial product innovative supply different financial institutions topenetrate each other without extra cost. The second is that the separationregulation became flexible as The first financial service holdingcompany---CITEC Holding, has already been formally established inBeijing on December 5th, 2002. As for the financial institution individuals, they were suffere... |
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