Model Selection And Risk Study Of Mixed Operation Of Joint-Stock Commercial Banks In China

Since the 1980s,driven by financial liberalization and integration,more and more countries began to carry out financial innovation reform.In the 1990s,western countries took the lead in relaxing financial regulations,accelerating the integration of financial resources and encouraging commercial Banks to carry out mixed operation.However,China's economic system has experienced the transformation from planned economy to market economy,and the reform of the financial industry is still in the exploratory stage.Therefore,China's commercial Banks have initially carried out the mixed industry cooperation with the insurance and fund industries,and gradually expanded to the securities,trust and futures industries.After nearly 20 years of development,mixed operation has gradually become a common choice for China's commercial Banks.In particular,due to the late start and small size of joint-stock commercial Banks,mixed operation is an important strategy for their curve overtaking,transformation and upgrading.Further research has found that there are many modes of mixed operation in commercial Banks.Which mode should China's joint-stock commercial Banks choose?This is a question worth delving into.According to the practical experience of mixed operation mode in the world,the mixed operation mode of commercial Banks mainly includes financial holding company,bank holding company and universal bank.These three models are relatively mature in the United States,the United Kingdom and Germany and have made outstanding contributions to the country's economic development.However,there are big differences in scale economy,scope economy,information advantage,risk control,conflict of interest,shareholding situation,capital operation and monopoly risk.Therefore,the mixed operation of joint-stock commercial Banks in China must take into account the basic national conditions.The logical structure of this paper describes three problems in detail:First,what is mixed operation?In chapter 1-2,this paper introduces the background and theoretical basis of mixed operation,providing theoretical support for the following discussion.Second,why should China's joint-stock commercial Banks carry out mixed operation?Chapter 3 of this paper,by analyzing the development of the business model of Chinese commercial Banks,points out that it is an inevitable trend for mixed operation to be put into use again after being separated from each other;Taking Ping An Group's acquisition of Shenzhen development bank as an example,this paper analyzes the improvement of Shenzhen development bank's profitability,growth ability,operation ability and risk control level before and after the merger.Chapter 4 selects data of 11 commercial Banks in recent 8 years as samples,and divides them into state-owned commercial Banks and joint-stock commercial Banks for regression analysis.It is concluded that state-owned commercial Banks often have better financing channels and development space than joint-stock commercial Banks due to their long history and comprehensive strength.Therefore,mixed operation is an important strategy for joint-stock commercial Banks to overtake each other and speed up development.The regressive analysis shows that the mixed operation degree of joint-stock commercial Banks is deeper than that of state-owned commercial Banks.Third,how does China's joint-stock commercial Banks carry out mixed operation?First of all,chapter 5 of this paper introduces the experience of mixed operation in the United States,Britain and Germany.It is found that the reform of commercial Banks in the above typical countries all originates from their historical origins and is an inevitable product of economic development.Therefore,the enlightenment to our country is to put an end to copying and using,and to imitate and innovate.Secondly,on the basis of chapter 5,chapter 6 proposes that the joint-stock commercial Banks should choose the mode of financial holding company based on the actual situation and the need of future supervision.This paper introduces the practical experience of the financial holding company mode of Ping An Group.Finally,it is proposed that the supervision department should perfect the supervision mode of mixed operation and strengthen the supervision of internal transaction of joint-stock commercial Banks.The bank itself should do a good job in risk control,use firewall and information disclosure system to monitor and stop the short-sighted behavior in operation,so as to realize the healthy development of the mixed operation of joint-stock commercial Banks in China.