金融业混业经营模式比较研究

The Comparison and Choice of Mixed Operation of Financial Industry

混业经营已经成为金融业发展的趋势。金融业混业经营在带来规模经济、范围经济、协同效应、分散风险的同时,也会造成一定的风险。当今的混业经营模式主要有德国式的全能银行模式、英国的单一金融机构控股公司模式和美国的纯粹金融控股公司模式。这三种模式在混业经营的效益和风险上各不相同。基于我国的金融业发展状况,认为以商业银行为主导的单一金融机构控股公司是较为适合我国金融混业经营的模式选择。

The mixed operation has become a trend in the financial industry. While it has brought about economy of scale, economy of scope, coordination effect, dispersion risk,, it has also given rise to certain risk. Currently , the major forms of mixed operation include the German comprehensive ban model, the British single financial holding company model, and the American pure financial holding company model. These three forms are different from one another in economic profit and risk. Based on the conditions of China＇ s financial development, we hold this view that the model of the single financial holding company with the commercial bank as the main part is suitable for the mixed operation of China＇ s financial industry.