China's Finance: Go Out from the System's Error Area of "Divided Profession Management
WANG Guo-gang (The Finance Research Institute of the Academy of Social Science of China, Beijing 100732)
After July, 1993, China put financial divided profession management into practice. But, we thought that the view originated from USA didn't fit for China's practice. China's financial divided profession management was a kind of administrative divided profession system, it resulted the "restoration" of planned economy in financial industry. It not also brought bad result to the development of China's finance, but also affected the development of physical economy. To reform the system of financial divided profession management, put financial mixed profession management into practice was the tendency. So, we must develop professional financial setup, establish local financial system and perfect financial control.