Resarch On The Development Model Of China Mobile Financial Company

Financial company of enterprise groups, as non-banking financial institutions, provide financial services for the enterprises group it belongs to. The establishment of financial companies is the inevitable result as the economic developed and has significant influence on the economic system reform of china. China Mobile Communicaiton Corporation was established in April20th,2000. After ten years development, the total asset of China mobile is more than one trillion yuan and the customers of the company is more than600million. The financial company of China mobile officially formed in April2012. However, the position and the development model of the financial company are still been discussed and explored in the group company. The paper first compared several typical development models of financial companies around the world and attempted to propose a suitable development model for the financial company of China mobile. The research has some theoretical value and practitional significance to promote the development of other financial companies that belongs to state-owmed group companies.Based on the financial intermediation theory, inernal caoital market theory, transaction cost theory and other relative financial theories, literature review, comparatibe analysis, case studies, SWOT ananlysis and other research methods have been used in this article to analyse the development process and the problems of financial companies in China. After comparing with the major development models of financial companies around the world, some development experience that can be learned from by Chinese financial companies was found out. At the end, the development model and the development path were proposed for the financial company of Chnia mobile company based on the comprehensive analysis of the company. According to the development environment and the life cycle stage of the China Mobile Group, based on the RFC (risk manangement, funds management and capital operation), a dynamic development model is proposed for the financial company of China Mobile Group in this article. On the start-up period, the internal connercial bank mode should be adopted and as conditions improved the development model can be gradually transisted to the inernal mixed business banking mode or financial holding company mode.