2. The function of financing funds and equity refinement, that is, the financial system gathers funds by providing various mechanisms, leading to large-scale inseparable investment projects;
3. Provide channels to realize the transfer of economic resources in time and space, that is, the financial system provides methods and mechanisms to promote the transfer of economic resources across time, regions and industries;
4. Risk management function, that is, the financial system provides means and methods to deal with emergencies and control risks.
In reality, the financial systems of different countries in the world are different, so it is difficult to summarize them with a relatively unified model. One is Germany, where several big banks dominate and the financial market is very unimportant; At the other extreme is the United States, where the financial market plays a great role and the concentration of banks is very small.
Between these two extremes are other countries, such as Japan and France, which are traditionally dominated by banks, but in recent years, financial markets have developed rapidly and played an increasingly important role; The financial markets in Canada and Britain are more developed than those in Germany, but the concentration of banking is higher than that in the United States.
Extended data
According to the status and functions of China's financial institutions, the main systems are as follows:
Central bank. The People's Bank of China is the central bank of China, which was established in June 1 948+February1. Under the leadership of the State Council, formulate and implement monetary policies, prevent and resolve financial risks, maintain financial stability, provide financial services, strengthen foreign exchange management, and support local economic development.
Financial regulatory agencies. China's financial regulatory agencies mainly include: China Banking Regulatory Commission (CBRC), which was established in April 2003. It mainly undertakes the banking regulatory functions handed over by the People's Bank of China, and uniformly supervises and manages banking financial institutions, trust and investment companies and other financial institutions.
State administration of foreign exchange. Established in1March, 979 13, and then entrusted by the People's Bank of China; 1In April 1993, according to the institutional reform plan of the State Council approved by the first session of the Eighth National People's Congress and the Notice of the State Council on Establishing a State Bureau under the management of ministries and related issues, the State Administration of Foreign Exchange is the State Bureau under the management of the People's Bank of China, and it is an administrative organ that manages foreign exchange according to law.
The board of supervisors of key state-owned financial institutions. The Board of Supervisors is sent by the State Council, responsible for the State Council, and supervises the asset quality of key state-owned financial institutions and the preservation and appreciation of state-owned assets on behalf of the state.
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