The report sums up the development of the global and China's finance industries for the past few years. On the basis of analysis of recent years' accurate data, macroeconomic control policy, financial reform policy and statutes, it describes the structure of China's finance industry and competition situation in the industry from various angles. Then, it presents a comprehensive analysis and assessment on some major financial enterprises.
The report especially points out the following: As the world economy recovers gradually, China's financial industry has seen fast development. Along with the innovation of financial services and development of the e-finance industry, there is strong demand for mixed operation in the financial industry. This brings broad development space for banks, securities companies and insurance companies. While their profitability keeps improving, financial enterprises need to further control financial risks. Market competition has intensified following China's WTO entry, and enterprises have to reinforce their risk resistance through M&A, financing and IPO.
Meanwhile, the report examines problems that exist in China's financial industry against the backdrop of the international financial industry. The problems include unbalanced market structure, irrational ownership structure, narrow business scope, low profitability, loose regulation, and imperfect statutes.
After analyzing major factors affecting the development of China's finance industry from 2005-2009, the report presents qualitative and quantitative forecast of the industry. Finally, it provides development strategy and recommendations for the government, enterprises and investors respectively.
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