Innovation And Case Study Of Financial Holding Company

A financial holding company refers to a company whose principal business is a financial business and simultaneously controls or operates two or more financial subsectors such as banks,securities,insurance,trusts and so on.Financial holding company and its subsidiaries have independent legal personality,to carry out the corresponding business and bear legal responsibility.But the parent company control of subsidiaries through the equity,subsidiaries have frequent businesses,all of them has a strong relevance.With the the background of financial industry from separate business into mixed business,the financial holding company become a new organizational model,and has a wide range of applications and rapid development.However,as a new organizational structure,the managers or theorists have notes that financial holding companie has its unique advantages and urgent problems to be solved.the advantages of the financial holding company lies in the in-depth integration of internal resources,the formation of synergies,reduce transaction costs and cost expenditures,and promote business integration innovation.But at the same time its severe internal transaction risk,legal supervision risk and monopoly risk,have made many financial holding company's development is not satisfactory,and even the emergence of the collapse and government rescue situation.Moreover,the regulatory policy of China's financial industry is still dominated by industry supervision,and most of the domestic research is to discuss the development of China's financial holding company and legal supervision of the problem,but for the company's core business model innovation research is less.But the core of financial holding company's future development is to improve their own model.Therefore,how to analyze the innovation of its key business in a successful case is the urgent problem to be solved in the research of financial holding company,and the research on this is little.Therefore,this paper uses theoretical guidance and empirical research to carry on the research,through the six chapters to elaborate the financial holding platform,use the Guangdong GW Financial Industry Group Company as the research case,detail analysis of its financial innovation.The first chapter is the introduction part,mainly introduces the research background,the research purpose and the existing domestic and foreign research summary,answer why the research topic,as well as the existing research progress.The second chapter is the development history and current situation of the financial holding company,and introduces the historical background of the financial industry from the business separate operation to the mixed operation,the situation of the mixed industry development and the famous case company,introduces the definition of the financial holding company and business characteristics,and the classification of China's financial holding company and case analysis.The third chapter is the financial holding company related theory research,introduces the scope of economic theory and the theory of economy of scale,the answer to cause the financial holding company,financial holding company innovation and diversification affects the performance and risk management,and the challenge of financial holding company has brought.The fourth chapter is the case analysis,introduce of innovation mode of Guangdong GW Financial Industry Group Company,by building three sub platforms of operations,equity investment,asset securitization,take the industrial investment fund as the key design,accelerate the adjustment of industrial structure,promote the transformation and upgrading of enterprises.The fifth chapter is the case study results and suggestions,mainly introduces the practical operation and effectiveness of Guangdong GW Financial Industry Group Company to build three sub platforms,and suggestions to improve.The sixth chapter is the conclusion,the financial holding company model is still in exploration and development.Although there are still many shortcomings,they wil contribute to China's financial development through the corresponding improvement.