Content preview:
chapter one
The Development Track of Modern Financial Holding Group
The international financial crisis that broke out in 2008 caused heavy losses to some large financial holding groups, which caused people to worry about the development prospects of financial holding groups. However, compared with financial institutions engaged in single financial business, financial holding groups still show great vitality. In the post-financial crisis era, the comprehensive operation of the financial industry with financial holding groups as the main carrier is still the general trend.
the first paragraph
The rise of modern comprehensive financial management
The economic crisis in 1930s led to the financial industry in western countries changing from mixed operation for nearly a hundred years to strict separate operation. However, since 1970s, under the background of economic globalization and financial liberalization, the pace of financial innovation has been accelerating. The rise of floating rate bills and financial futures in the 1970s, the appearance of bill issuing instruments, swaps, options and forward interest rate agreements in the 1980s, and the rapid rise of financial derivatives and structured products since the 1990s have effectively promoted the innovation and comprehensive management development of the financial industry and accelerated the strategic adjustment of the international financial industry. In order to adapt to the increasingly fierce competition of financial globalization, governments all over the world have adjusted their financial legislation to accelerate the transformation of financial industry from separate operation to comprehensive operation. Gold realization ...