The theories that explain the finance operating institute change include risk and efficiency, demands and supplies of institute change and information based economics.
This paper attempts to analyze the finance operating institute change and concludes the path dependence and the direction of finance operating institute change on the basis of the theory of incomplete contract.
Multi-operation business is the basic trend of international finance development. Finance management system in China should be compatible with that of international finance management. However,there are still obstacles to Multi-operation business in China,which determines the gradual process of transformation to Multi-operation.
as reference models that all have developed and comprehensive financial holding company system which will definitely serve as useful reference for China’s case through comparative studies.
Financial supervision system is in an disequilibrium due to the requirement of system selection, techniques, and system services and the changing of concerning financial operation system, leading to the allured and compulsory system evolution of financial supervision system.
Multi-operation business is the basic trend of international finance development.Finance management system in China should be compatible with that of international finance management.However,there are still obstacles to Multi-operation business in China,which determines the gradual process of transformation to Multi-operation.In this process,measures should be taken to perfect a series of conditions.
This paper looks hack processes of the evolution of American multi-operation business systems. It also expounds the course in which the finance and the unity-operation business in China was formed. In addition, it gives an analysis to the present necessity of the finance and unity-operation business in China. Meanwhile, it puts forward some countermeasures upon the ways to practise and develop the finance and the multi-operation business system.
In the face of economic globalization and financial liberalization in the world, the mixture business mangement turns out to be a natural choice for China's finance. In combining foreign experiences with practices in China, we will prove that whether China's finance chooses the mixture business management or not should de-pend on the market. What' s important now is to create a good market environment for financial derivatives, so as to promote the financial management reform.