In the last part of the thesis, some advice has been put forward for developing the operation of the fund in China, that is, firstly, the able companies can establish insurance asset management company to operate professionally according to our own characteristics and the trend for the development of the financial holding group,with the form of wholly owned, originating to establish in the system or establish mutually outside the system;
4. Expatiate the mixed operation trend of global financial institution and the rising of financial holding group. Analyze synthetically the special problems of internal control in the financial group that should be paid attention to, which including the internal control from a group’s perspective, intra-group transaction and fire wall system of the financial group.
The joint forum of financial groups, established with the support of the three major international supervision and regulation organizations, namely, Bassel Banking Supervision Committee, International Securities Federation, and International Insurance Supervision and Regulation Association, issued The Supervision and Regulation Principle for Financial Holding Companies in 1999. By the definition of the above-mentioned Principle, a financial holding company refers to a financial group which provides service, under one single controlling right, in at least two of the three financial industries-banking, securities and insurance.
Under the circumstances of less control in the international finance reform and more open-up of China's financial market, the existing system of domestic commercial bank will put China's financial institutions into an extremely unfavorable position in the competition and it will be difficult for them to compete effectively with international large-scale financial holding companies (FHCs).
Based on the analysis, the author points out we must perfect the legislation and establish the institutions to provide the financial holding conglomerate’affiliated transactions, such as the institution of interior control and the institution of information disclose and so on.
And so, on the base of resource stratagem theory、 efficient theory and inner money market theory, it analyses the main efficiency characteristic of diversity and factors relating to it, then research on the each factor to seek after how each factor determine the total efficiency and developmental of the Financial Conglomerates.