9 同桥大学 经济与管理学院 TONGJI UNIVERSITY SCHOOL OF ECONOMICS MANAGEMENT Chapter 5 Financial Institutions 柏新华保险 B BAN K 保险 汇丰银行 自泰碧安证 GUOTAI JUNAN 9-10楼
Chapter 5 Financial Institutions
The Economics of Money and Banking Chapter 5 Financial Institutions 》Agenda The Economics of Financial Intermediation Classification of Financial Intermediaries : ● ■ China's Financial Institutions ● 2 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 2 GUO YING SEM TONGJI UNIVERSITY The Economics of Financial Intermediation Classification of Financial Intermediaries China’s Financial Institutions Chapter 5 Financial Institutions Agenda
The Economics of Money and Banking Chapter 5 Financial Institutions Figure 1 A Summary of the Role of Financial Intermediaries 1.Pooling savings Accepting resources from a large number of small savers/ Financial Intermediation The Economics of lenders in order to provide large loans to borrowers. 2.Safekeeping and accounting Keeping depositors'savings safe,giving them access to the payments system,and providing them with accounting statements that help them to track their income and expenditures. 3.Providing liquidity Allowing depositors to transform their financial assets into money quickly,easily,and at low cost. 4.Diversifying risk Providing investors with the ability to diversify even small investments. 5.Collecting and processing information services Generating large amounts of standardized financial information
The Economics of Money and Banking 3 GUO YING SEM TONGJI UNIVERSITY 1Financial Intermediation The Economics of Chapter 5 Financial Institutions Figure 1 A Summary of the Role of Financial Intermediaries
The Economics of Money and Banking Chapter 5 Financial Institutions >>Bank Financial Institutions 2 A:Central Bank Intermediaries The central bank of a nation is the core of its financial system and has Classification of Financial a special position and functions. Bank of issueissue and regulate currency Banker's bank:lender of last resort banker to the state/government 4 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 4 GUO YING SEM TONGJI UNIVERSITY 2 Bank Financial Institutions The central bank of a nation is the core of its financial system and has a special position and functions. Chapter 5 Financial Institutions Intermediaries Classification of Financial Bank of issue： issue and regulate currency Banker’s bank: lender of last resort banker to the state/government A: Central Bank
The Economics of Money and Banking Chapter 5 Financial Institutions >>Bank Financial Institutions 2 B:Depository institutions or depositories Intermediaries Depository institutions or depositories refer to those financial Classification of Financial intermediaries that raise funds by accepting demand deposits,savings deposits and time deposits and then use those funds for making various loans and buying securities Commercial banks Credit cooperatives 5 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 5 GUO YING SEM TONGJI UNIVERSITY 2 Bank Financial Institutions Depository institutions or depositories refer to those financial intermediaries that raise funds by accepting demand deposits, savings deposits and time deposits and then use those funds for making various loans and buying securities Chapter 5 Financial Institutions Intermediaries Classification of Financial Commercial banks Credit cooperatives B: Depository institutions or depositories
The Economics of Money and Banking Chapter 5 Financial Institutions >>Bank Financial Institutions 2 C:Specialized Banks Intermediarie Specialized banks are financial intermediaries that specialize in Classification of Financial providing some financial services which are authorized and limited in a certain scope.They are the manifestation of development of specialization in the financial field. Import and export banks Development banks Agricultural banks 6 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 6 GUO YING SEM TONGJI UNIVERSITY 2 Bank Financial Institutions Specialized banks are financial intermediaries that specialize in providing some financial services which are authorized and limited in a certain scope. They are the manifestation of development of specialization in the financial field. Chapter 5 Financial Institutions Intermediaries Classification of Financial Import and export banks Development banks C: Specialized Banks Agricultural banks
The Economics of Money and Banking Chapter 5 Financial Institutions >>Non-bank Financial Institutions 2 Insurance companies Investment banks Intermediarie Classification of Financial Pension funds and retirement funds Investment funds Venture capital firms Finance companies: consumer finance companies business finance companies sales finance companies 7 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 7 GUO YING SEM TONGJI UNIVERSITY 2 Non-bank Financial Institutions Chapter 5 Financial Institutions Intermediaries Classification of Financial Insurance companies Investment banks Pension funds and retirement funds Investment funds Finance companies: consumer finance companies business finance companies sales finance companies Venture capital firms
The Economics of Money and Banking Chapter 5 Financial Institutions 》》》 Overview of China's Financial System 3 Before 1949 China. China's financial system was well developed before 1949.for example,Shanghai was one of the financial centers of Asia s Financial Institutions during the first half of the twentieth century. 鞋铺福2进 記昌异日 10不用0图 8 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 8 GUO YING SEM TONGJI UNIVERSITY 3 Before 1949 Overview of China’s Financial System Chapter 5 Financial Institutions China ’s Financial Institutions China’s financial system was well developed before 1949. for example, Shanghai was one of the financial centers of Asia during the first half of the twentieth century
The Economics of Money and Banking Chapter 5 Financial Institutions 》》》 Overview of China's Financial System 3 1949-1978 China After the foundation of the PRC in 1949,all of the pre 1949 capitalist companies and institutions were nationalized by 1950. Finan China's financial system consisted of a single bank-the People's Bank of China(PBOC),a central government-owned and controlled bank under the Ministry of Finance. Instit The PBOC is served as both the central bank and a commercial banks, controlling about 93%of the total financial assets of the country and ions handling almost all financial transactions. ▣The PBOC used both a“cash plan"anda“credit plan"to control the cash follows in consumer markets and transfer flows between branches. 9 GUO YING-SEM-TONGJI UNIVERSITY
The Economics of Money and Banking 9 GUO YING SEM TONGJI UNIVERSITY 3 Chapter 5 Financial Institutions China ’s Financial Institutions 1949—1978 Overview of China’s Financial System After the foundation of the PRC in 1949, all of the pre 1949 capitalist companies and institutions were nationalized by 1950. China’s financial system consisted of a single bank– the People’s Bank of China(PBOC), a central government-owned and controlled bank under the Ministry of Finance. The PBOC is served as both the central bank and a commercial banks , controlling about 93% of the total financial assets of the country and handling almost all financial transactions. The PBOC used both a “cash plan” and a “ credit plan” to control the cash follows in consumer markets and transfer flows between branches
The Economics of Money and Banking Chapter 5 Financial Institutions 》》》 Overview of China's Financial System 3 19781984 The PBOC departed the ministry and became a separate entity China,s Financial Institutions by the end of 1979 The three state-owned banks took over some of its commercial banking businesses. The fourth state-owned commercial bank,the Industrial and Commercial Bank of China was formed in 1984,and it took over the rest of the commercial transactions of the PBOC 10 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 10 GUO YING SEM TONGJI UNIVERSITY 3 Chapter 5 Financial Institutions China ’s Financial Institutions Overview of China’s Financial System 1978—1984 The PBOC departed the ministry and became a separate entity by the end of 1979 The three state-owned banks took over some of its commercial banking businesses. The fourth state-owned commercial bank, the Industrial and Commercial Bank of China was formed in 1984, and it took over the rest of the commercial transactions of the PBOC