Research On Mixed Operation Of Banking And Insurance Industry In China

With the continuous development of China's economy,especially after the reform and opening up,the increasingly fierce competition in China's financial industry,banking and insurance industry cooperation from the tie-in sales of the past to gradually become a more profound cooperation.1995 "Commercial Bank Law" for the first time proposed a bank to diversify the development to relax the authority to open the bank's investment prelude.At the same time,with the continuous development of the global economy,the financial structure has undergone major changes,a variety of financial functions gradually combined,the banking and insurance industry in order to improve their own strength,they expand strong cooperation,To break through the shackles of separate business,the implementation of the banking and insurance industry mixed call for the growing voice.In 2008,China Banking Regulatory Commission(CBRC)signed the Memorandum of Understanding on Strengthening the Cooperation and Deepening Cooperation in Banking Insurance Industry,and supported commercial bank investment insurance company.Since then,the two leading "leading enterprises" of China's financial industry have been officially divided into business Operating.Banks can invest in insurance companies,insurance companies can invest in banks.It can be said that the implementation of the banking and insurance industry mixed operation,is China's financial industry to carry out a major and important reform.Therefore,it is of great significance to explore the advantages and disadvantages of the mixed operation of banks and insurance industry to find out a mixed mode of banking and insurance in line with China's national conditions.This paper discusses the risks,advantages and disadvantages of the mixed operation of banks and insurance by taking the mixed operation of banks and insurance as the research object.Mainly through the use of access to literature,in the preparation of a large number of preparatory work before writing,through China's largest literature database to collect a lot of information related to this paper,writing a solid foundation for the writing.According to the status quo of the mixed operation of banks and insurance,the reasons for the mixed operation of the banking and insurance industries are analyzed:one is the change of economic development;the second is the continuous promotion of market demand and supply;the third is economic integration Business model is facing severe challenges.Fourth,the inevitable development of the process of market economy requirements.According to the three major modes of foreign bank insurance and mixed operation:German-style all-round banking model,British-style subsidiary model,American-style financial holding company model,analysis of the pros and cons,and finally elaborated for China's banking industry,:Effective partner model.And then from the operational aspects of the regulatory aspects of the legal aspects of the balance of the market economy,banking and insurance industry,the main business will face the risk.Including systemic risk,regulatory risk,reputation risk,information asymmetry risk,monopoly risk and other aspects of in-depth and meticulous analysis.According to the existing risk situation put forward the risk of the bank and the insurance industry to minimize the risk of the countermeasures:the establishment of risk control mechanism,improve the relevant legal rules,improve the relevant regulatory system and other aspects of countermeasures:through the establishment of risk control mechanisms to increase financial Supervision system,improve the relevant laws and regulations,improve the relevant supervision and management system,improve the operational level of business people,choose in line with China's national conditions of the mixed business model.Finally,QS bank as an example to further analyze the advantages and disadvantages of mixed operation.Draw the conclusion of the implementation of bank and insurance industry mixed business advantages:to achieve economic benefits on the win-win cooperation for the two sides to save economic costs,build brand,financial and technological advantages.The implementation of the mixed operation led to the lack of human resources;information technology can not keep up,can not achieve the sharing of resources;QS bank traditional advantages can not play out the advantages of the two sides of the banking and the insurance industry,and so on.