Regulation of Related-Party Transactions of Financial Conglomerates;

Bafin has supervised financial conglomerates in consolidated basis according to European Financial Conglomerates Di- rective since 2005.

Thus financial groups begin to be established in order to avoid the legal handicaps,which is significant to the reform of Chinese financial system.

China s insurance enterprises,in particular insurance and financial group compa- nies,should improve their competitive competence and their brand recognition,reduce cost of operation,and offer more com- plete product ranges to customers through coordinating their life and P&C businesses and further mobilizing their internal re- sources.

Sharing and using of customer message in financial group has been limited by personal privacy right.

In view of the pattern of mixedopeation and domination of the financial industry by financial groups in the current international financial world,the paper,raising the question of how financial supervision system responds,mainly discusses on how to reform the organizational structure.

as one of the organizational innovation in the course of financial integration, financial conglomerates have turned out to be none other than a double-edged sword.

Mixed operation is the global trend in the financial industry, one manifestation of which is the ascending development of the financial conglomerates all over the world.

With financial liberalization and the innovation of the financial instruments, the finance industry becomes the pillar industry gradually, so that the financial conglomerates are more and more important to the country, the society and the individual.

The basic reason for the rising of pluralistic finance bloc is the growth of social productive forces to meet the needs of global economic affairs.