Banks, that is, commercial banks, are indirect financing channels. Due to the early "semi-official and semi-commercial" color and long-term operating advantages of the banking industry, it has gained incomparable brand, asset and channel advantages over other three types of financial institutions. At present, the speed of banking opening to the outside world is accelerating, and most state-owned banks are restructuring. Joint-stock commercial banks have begun to find their own segmentation and positioning respectively. At the same time, powerful banks have launched a new attack on insurance investment, and their corporate finance departments have begun to transition to investment banks, and trust-based wealth management business has gradually developed. In the foreseeable future, large banks will become "universal banks" with all financial business functions. It occupies an unparalleled dominant position in China's financial system.
The securities industry is actually separated from the securities part of commercial banks, which is the so-called "investment bank" in Europe and America. Due to the chaotic market rules, the capital market is sluggish and the opening up is slow. At present, the securities industry is in an unprecedented downturn. At this time, the regulatory authorities intend to relax the opening of the securities industry, and international investment banks have "absorbed on dips". It is conceivable that foreign capital will play a decisive role in China's securities industry. However, with the high-level promotion of direct financing development, if the stock market picks up and the large amount of overseas financing bills return to A-share listing, the securities industry may still have a chance.
The insurance industry is a relatively closed system. China's insurance industry has experienced a wave of investment climax and is currently in a consolidation period. On the whole, although China has a large population and an imperfect social security system, it is a paradise for the life insurance industry. However, the gap between the rich and the poor in China is serious, and the number of people who really consume insurance is far from rising. In the previous "big explosion of life insurance industry", the integrity of agents was widely questioned. Therefore, the insurance industry will inevitably experience a long-term bleak business process.
Trust industry is a characteristic of China. Internationally, trust is only a financial agreement model and does not constitute an industry. Domestic "trust companies" are roughly equivalent to the asset management business of foreign banks. As "the most imaginative financial tool", the trust industry "makes waves" in China, which is typical of "letting it go at random and managing it at death". At present, the regulatory authorities focus on banks and give priority to "strict discipline" in the trust industry, and have carried out five large-scale rectification in succession. China's trust industry is still exploring its own path, and it is impossible to enter the main position of the financial industry in a short time.