The Practical Significance Of China's Banking And Insurance Cooperation Empirical Test And Theoretical Discussion

At present, there exist two marketing patterns, integrative management and separated management, in financial market. According to the relative supervisals and laws against finance at that time, separated management has been implemented from 1993, to some extent keeping our financial order stable effectively. But deficiencies of separated management emerged as the development of our market economics and the adjustment of financial system. Under limitation of separated management, the state-owned commercial bank only provides some simplex financial services and tools with insufficient creativeness and venture-transfer system. But the diversification of clients' financing channels and financial assets needs various financial products and tools such as, inflation-proof, increment, risk-avoidance and insurance. With the forbiddance of integrative management losing, "No prohibition means permission" policy puts down the qualification for cooperation between bank insurance and bank securities. The implement of policy for expanding channels of insurance capital gives a chance to cooperation between bank and insurance.Bancassurance, which drew attention from academe recently, means banks enter into insurance by providing various insurance products to clients by definition. Bancassurance in China started in 1995, gradually got confirmation and support now, after decade's running. In 2004, China Everbright Bank surged tide of bancassurance again, with title "Total cooperation", showed a new ascending in our bancassurance.Firstly, the thesis makes brief review on the trend of international financial integrative management and reform of our financial system respectively. Under globalization of economics, it's the most important for us to develop our own financial pattern, even though we could partly take the developed countries' pattern as samples. Secondly, with the limitation of our economic reforms and current policies considered, we verify and discuss the positive effect of bancassurance through efficiency-promoting and risk-reducing respectively, centralizing "controversy between financial risk and efficiency ". The model in the main part is based on economy of scale and economy of scope, which are taken broadly as efficiency index on study of integrative management. Data processing shows:...