Division and Combination in the Financial Industry: Global Evolution and Chinese Practice

Author: Shao Dongya
Publisher:
Publish Date: 2003-08-01
Features: This book primarily relies on the new division of labor theory in emerging classical economics, modern financial theory, and law and economics as its theoretical foundation. It employs various methods such as model construction, empirical analysis, case studies, and policy research to provide a multi-dimensional perspective on the division and integration of the financial industry, commonly known as the issue of financial de-regulation and consolidation. The book reveals the intrinsic mechanisms and objective trends of the division of labor in the financial industry, offering theoretical support and policy recommendations for the evolution of the division of labor and regulatory system in China's financial industry. This book is committed to cross-applying economic and legal methods to study financial issues. It tentatively constructs a theoretical framework for the evolution of the division of labor in the financial industry, placing the issue of financial de-regulation and consolidation within the broader historical context of the evolution of division structures and regulatory frameworks. It systematically examines the micro-mechanisms of universal banks and specialized banks using the theory of division evolution, thereby providing fundamental insights into the real-world changes in the division and integration of the financial industry.
Building on this theoretical framework, the book conducts empirical research on the evolution of the division of labor in the U.S. financial industry from multiple perspectives, compares the paths of the division of labor in typical countries such as Germany and the United Kingdom, and conducts an in-depth institutional analysis of the division structure of financial regulation. The book focuses on the historical trajectory, current status, evolutionary path, and strategic choices of the division of labor in China's financial industry. Based on a historical review and theoretical reflection of the evolution of financial de-regulation and consolidation in China, it analyzes the current state and issues of the division of labor in China's financial industry, discusses the inherent necessity and constraints of implementing consolidated operations in China, proposes a "three-pronged approach with gradual response" transition strategy for China's financial industry to move toward a moderate consolidated model, and elaborates on the key aspects of implementing this strategy.