At present, the openness of China's banking industry is not high, the financial market system and legal system are not perfect, the supervision level is low, and the capital liquidity is poor. Many conditions can not meet the standard of mixed operation conditions in the financial industry. In this case, separate operation is an inevitable choice. Because separate operation is conducive to national supervision, prevent financial risks and ensure the safety of the financial system. However, once the mixed operation is implemented, it is impossible to rely on self-discipline and legal mechanisms, and it is difficult to effectively control risks.
However, the separate operation of China commercial banks is also facing great challenges. On the one hand, domestic banking risks increase, operating efficiency decreases and competitiveness is poor. Due to the development of the securities market, direct financing channels have increased, banks have lost high-quality customers, their profitability has declined, and competition in the same industry has intensified. Some innovative financial products with mixed operation also came into being, such as passbook stock trading, bank asset securitization and insurance funds entering the market. The banking industry itself has produced the requirement of getting rid of the shackles of separate operations. On the other hand, after China's entry into WTO, the entry of foreign banks has brought great competitive pressure to Chinese banks. Its business involves banking, insurance, securities, trust and other fields. With strong financial strength, rich management experience, comprehensive talent pool, complete service products and strong innovation ability, many Chinese banks have incomparable advantages in the short term. This also requires domestic commercial banks to increase the pace of developing mixed operations and enhance their competitiveness.
Reflections on the development direction of China's financial industry. Based on the above analysis, we can see that mixed operation is the development trend of international financial law, and it is also the inevitable orientation of the development of financial business model in China.
Please accept it.