What is the "troika" in the financial world?

Banking, securities and insurance are the "troika" of the financial industry.

Although they are all carriages, people's understanding of these three things is very different. When it comes to banks, people will think that banks are places to deposit money, withdraw money and remit money. When it comes to securities, you can think of the stock price that fluctuates up and down every day. If it goes up, it means making money, and if it goes down, it means losing money. But about insurance, everyone has their own different views.

With the financial reform and the development of mutual funds, it is deeply felt that traditional banks (except inter-bank business) will be the weakest trend in many financial industries (funds, securities, asset management, PE, etc.). Relying on the advantages of policies, we have enjoyed rapid growth for nearly 30 years. However, the profits of domestic banks are still too dependent on spreads, the homogenization of banks is serious, competition is intensified, and the management system is so inflexible. After all, the diversification trend of direct financing makes traditional banks bear the brunt. The end result may be that direct financing channels stifle corporate business, while mutual funds and other asset management categories stifle personal business.

Goldsmith, a western economist, believes that the financial system of a society is composed of many financial instruments and financial institutions. Different types of financial instruments and financial institutions combine to form different financial structures.

Generally speaking, the number, types and advanced degree of financial instruments, as well as the number, types and efficiency of financial institutions, have formed financial structures with different levels of development.

Finance refers to the issuance, circulation and withdrawal of money, the issuance and recovery of loans, the deposit and withdrawal, the exchange of foreign exchange and other economic activities.

Finance is to realize the equivalent circulation of value and profit after the re-integration of existing resources. The professional view is that the process from saving to investment can be narrowly understood as financial dynamic monetary economics. )?

Finance is the behavior that people make decisions on the optimal allocation of resources in an uncertain environment.

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