Financial Holding Companies: Theory and Practice

Author: Xiong Bo
Publisher:
Publish Date: 2002-02-01
Features: Financial holding companies are currently a focal point of attention in China, and researching how to develop China's financial holding companies has significant practical implications. The author begins by discussing the origins of financial holding companies, examines the current status and development trends of financial holding companies through comparative studies abroad, and elaborates on the positioning and functions of China's financial holding companies. They also investigate the property rights relationships and authorized management issues. Subsequently, the author studies the current status of domestic financial holding companies in China, proposes pathways for establishing Chinese financial holding companies, argues that purely Chinese financial holding companies are the direction for developing financial holding companies in China at present, and explores how to manage them. The book also conducts an empirical analysis using the China Everbright Group Corporation as a case study. Finally, the author analyzes the impact of joining the World Trade Organization (WTO) on China's financial industry, proposes countermeasures for developing Chinese financial holding companies after joining WTO, and discusses the future prospects of China's financial holding companies. The author concludes that as China's financial regulatory authorities continue to improve and enhance their oversight capabilities, operation-focused financial holding companies will be the future direction for the development of China's financial holding companies.