Financial supermarket refers to an integrated operation mode that integrates various products and services of financial institutions, and provides many financial products and value-added services to enterprises or individual customers through cooperation with various social institutions and departments such as insurance, securities, evaluation, mortgage registration and notarization.

the development of financial supermarkets is mainly manifested in the omnipotence of business. Banking, insurance, securities and other financial services will be gradually integrated. Banks began to set foot in the capital market or financial derivatives market, and a large number of non-bank financial products and their derivatives have become the main products of banks today.

in terms of income, the income brought by traditional business to banks is less than 4%. The second is the integration of banking and insurance. Since 213, the insurance products of Ping An, Xinhua, Pacific, China Life Insurance and other insurance companies have set up agents in some commercial banks and postal savings offices.

expanding information

the role of financial supermarkets

"financial supermarkets" are not uncommon in developed countries. In many countries and regions, there is no such concept as "bank savings offices". Financial outlets scattered on the street can undertake almost all conventional financial business.

When foreign consumers enter a multifunctional "financial supermarket", it is like entering a supermarket. All kinds of financial needs, from credit cards, foreign exchange, automobiles and home loans to insurance, bonds and even taxes, can be met.

In Japan, many banks provide consumers with one-stop financial services that integrate banking, life insurance and other agency services.

In the United States, ordinary people can buy open-end securities investment funds as long as they go to commercial banks, and the stock market and foreign exchange market can also be seen in banks. If they want to trade, all the settlement can be done here at one time. It not only affects the traditional consumption behavior of individuals to some extent, but also becomes a symbol of a bank's image.

its economic and social benefits are very good. According to statistics, in the United States, consumer credit accounts for 2% of total bank loans. In Canada, one-third of ordinary bank loans are provided to individuals, and the financial supermarkets of the world-famous Citibank and Hongkong HSBC have become the main business of bank income.

In China, due to the closed property rights structure of banks and the influence of local protectionism, there are few mergers and acquisitions between banks. In March 1999, China Everbright Bank took over the creditor's rights, debts and business outlets in the same city of the former China investment bank as a whole, which was the first step for China's banking industry to restructure its assets according to market principles.

With the scale benefits of Everbright Bank's acquisition of the original investment bank gradually emerging, more commercial banks will embark on the road of merger and reorganization, resulting in a number of large banks with sufficient capital, strong assets and wide business scope.

reference sources? Baidu encyclopedia-finance supermarket