Cross-industry "": China's Securities Industry's Strategic Choice and Institutional Arrangements

Author: Qi Yongzhong
Publisher:
Publish Date: 2005-04-01
Features: This monograph combines the current practical development status of China's securities industry with the typical practices and experiences of international conglomerate operations, meticulously analyzing the path for China's securities industry to achieve self-development under the trend of conglomerate operations, and re-examining the real-world issue of how regulatory authorities can effectively and fairly regulate the industry under conglomerate operations. The book proposes new insights, concepts, and methods in scientific theory and technological levels, contributing to broadening the field of this discipline. The research on this topic holds significant theoretical and practical innovative value. In line with the new trends of global financial development, implementing conglomerate operations is of great theoretical and practical significance for advancing China's financial system reform, particularly for the self-development of China's securities industry and the reasonable, effective, and fair regulation by the supervisory authorities. Legend has it that there is a bird that, at the time of its demise, gathers and sets itself ablaze in flames, achieving rebirth in the process. Its feathers become fuller, its voice clearer, and its spirit more profound! This is called the "Phoenix's Nirvana." Today, conglomerate operations for China's securities industry are no less than this. Despite countless storms and challenges, China's securities industry still stands tall in the sky with its independent spirit. Conglomerate operations are like a lightning bolt, unveiling the curtain of rebirth for China's securities industry. This book, based on China's actual conditions, conducts an objective and comprehensive analysis of the issues of financial separation and conglomerate operations, systematically elaborating on the current status and future trends of financial conglomerate operations, as well as the influencing factors and underlying drivers that have led the global financial industry to shift from separation to conglomerate operations. It also analyzes the changes in the philosophy of government financial regulation and the innovation of the modern financial regulatory system under the environment of financial conglomerate operations. The book focuses on exploring the strategic choices for China's securities industry under conglomerate operations, and ultimately designs the institutional arrangements for China's financial regulatory authorities to transition from separation to conglomerate operations.