The phenomenon of financial mixed operation and it's impact on traditional supervision model have not only attracted theory-researcher s' attention but also put financial regulators into making bitter option.
This paper illustrates whether China can and how to develop conglomerated financial operations and tries to persuade the financial supervising authorities to accept the conglomerated operating mode by providing some approaches.
The system of financial holding company established by Gramm-Leach-Bliley Financial Modernization Act in U.S.A. is the organizational innovation of financial mixed-operation.
Many developed countries, such as Japan and Canada, and a lot of developing countries have adopt the system of financial holding company to implement mixed-operation one after another , the system of financial holding company has become the main organizational system of financial mixed-operation in the world.
Under WTO system, in order to tackle the reality of fierce international competition, China must give up the financial separated-operation legal system to implement financial mixed-operation system, and foster and develop the financial holding companies and set up Chinese financial "aircraft carriers".