Financial Business, Consolidated Operating Income And Risk Simulation Analysis

Recently, more and more developed countries have abandoned the separated management model and returned to the mixed model. The mixed model is becoming prevailed in the whole world. In China, some financial organizations have already broken the law restrictions and try to invent some mixed financial services. But, there has been rarely a clear and reasonable judgment to the return and risks of practicing mixed model in China. The researches on developing path, the formation structure and the practicing model of the mixed financial management are lack of scientific foundations. Therefore, this thesis makes mixed financial management as its target, and tries to draw a clear conclusion of the returns and risks of practicing mixed financial management model in China in both a theoretic aspect and a demonstrated aspect. Especially, this thesis referring to some existed researches, utilizes a virtually demonstrated way to analyze the returns and risks of practicing mixed financial management in China. Under these analyses, bring out a primary analysis on the developing paths of practicing mixed financial management.This thesis first definitely puts forward the significance and theme of the research, and then summarizes some existed researches and tells the innovation of our research. Secondly, we introduce some basic definitions of the mixed financial management; summarize the developing path of Chinese financial management. Thirdly, we analyze the returns and risks of mixed financial management in a theoretic aspect; point out that scale economy, scope economy, cooperation effect and the increase of service efficiency are the probable returns and the capital safety, collection and delivery of risks, interest confliction and diversification discount are the probable risks. The major part of this thesis is under the reference on the Boyd and Graham (1988) model, analyzing the return and risks of practicing mixed financial management in China on a demonstrated aspect. The model makes a virtual mergence of commercial banks, equity companies and insurance companies in Chinese financial market; calculates the finance indexes of the mergence result. The thesis utilizes mean-variance model, regression model and COV model to analyze the virtual mergence results; draw a conclusion of the returns and risks of practicing mixed financial management in China from the macro view, financial industry and micro view. After these analyses, the author tries to make a primary research on the developing paths, and gets a conclusion that the pure financial holding company is the...