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在我国,修订前的《证券法》规定,证券业和银行业、信托业、保险业分业经营、分业管理。修订后的《证券法》在此基础上规定“国家另有规定的除外”。同时,修改后的《证券法》,也已经摒弃了“禁止银行资金违规入市”的表述,代之以“依法拓宽资金入市渠道,禁止违规资金入市”。从而为未来合规资金的入市预留了空间。但是,银证混业仍存在许多难以解决的问题,如银行资金入市的可行性,如何平衡银证融合的利弊,监管体制应作哪些调整或变革。这将是风险与利润的一次新的权衡。
In our country, the pre-amended “Securities Law” stipulates that the securities and banking, trust and insurance businesses should be managed separately and separately. On the basis of this revised “Securities Law” stipulates “except as otherwise provided by the state.” At the same time, the amended “Securities Law” has also abandoned the statement “Prohibiting the illegal entry of bank funds into the market” and replaced it with “expanding the channels of capital entry into the market according to law and prohibiting illegal capital from entering the market.” Thus leaving room for future market entry of compliant funds. However, there are still many difficult issues to be solved, such as the feasibility of bank funds entering the market, how to balance the pros and cons of the combination of bank and securities, and what adjustments or changes should be made to the regulatory system. This will be a new trade-off between risk and profit.