金融控股公司产生和发展，是金融行业经营从混业到分业、再到协同的必然趋势。虽然金融控股公司在金融服务实体经济、促进我国经济社会发展方面发挥着重要作用，但是，近些年来一些金融控股公司出现资本无序扩张、资本抽逃、循环注资、关联交易、风险交叉传染等问题，引起人们的极大关注，守住“风险”底线成为一切金融发展的前提条件和根本保障。当今，在分业监管和混业经营并行多年后，国务院、央行相继出台了针对金融控股公司监管的指导意见和管理办法，将金融控股公司正式纳入监管范围。本报告立足平衡金融控股公司合规监管与发展创新，系统分析梳理金融控股公司发展历程、存在问题和监管现状，界定金融控股公司定义和分类，并提出有针对性的监管施策建议。
The emergency and development of financial holding companies is an inevitable trend for financial industry to move from mixed operation to separated operation and to coordinated operation. Though financial holding companies have an important role to play in serving the real economy and promoting China’s social and economic development，they are also known for disordered expansion，capital flee，capital recycling，related party transaction and risk cross-infection，and so on. Holding the bottom line of risks is a precondition and fundamental safeguard for all financial development. After years of parallel development of separated supervision and mixed operation，the State Council and the People’s Bank of China have successively promulgated guiding opinions and regulatory measures to formally include bring financial holding companies under regulation. This paper is to identify the balance between compliance regulation and development and innovation of financial holding companies，systematically analyze the evolution，existing problems and current regulation of financial holding companies，define and classify them and give advice on proper regulatory measures.
