Financial holding companies have been a major business model in our financial market. The National Financial Work Conference pays high attention to the development of the financial holding companies. But regulations are not clearly in the law yet，what we can sure is that the space has been saved in some relevant laws. The People’s Bank of China is formulating the Regulations of Financial Holding Companies，which is expected to be released soon. However，the basic problems concerning the financial holding companies need our further studying. This article points out that：the definition of financial holding companies should not only refer to international experiences，but the actual development of our financial industry. Introducing the Graded Financial Licensing System，and the model of pure financial holding companies is what we suggested. As for the regulation of financial holding companies，we need to take The People’s Bank of China as the main regulatory authority，to take the China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission respectively to supervise subsidiaries of financial holding companies. In the future，we can unify them as one regulatory mechanism，which can make The People’s Bank of China and Financial Stability and Development Committee of the State Council to be effective. Reflecting the standards of traditional financial regulation，perfecting financial statistics，developing real-time monitoring indicators and comprehensive statistical mechanisms to satisfy the more practical demands. Paying attention to the special problems which induced by the financial holding companies，enhancing the competitiveness of financial holding companies，perfecting the data-sharing mechanism，building an orderly recombination system.