A Case Analysis On Haitong Securities Acquisition Of Taifook Securities

China is playing more and more important role in global market with unprecedented speed. In 2009, the GDP of China rises to US$4,900b, only 4% smaller than Japan's US$5,100b. In Aug 2010, Data on Japan Cabinet Office website shows that China exceeded Japan in GDP in 2Q 2010, and ranked 2nd in the world. China's GDP of 2Q 2010 comes out as US$1.337t, while Japan's is US$ 1.288t, base on average foreign exchange rate of 1H 2010. New Times reports that "it means China economic milestone."Can China become a real economically powerful country in 21st century? Can China win out from the war unseen gunpowder smoke? It depends on China's capacity of financial industry rather than manufacturing ability of "made in China""A Case Analysis on Haitong Securities Acquisition of Taifook Securities" begins its study and analysis with introduction of acquired firm and acquiring firm, further base on basic economic knowledge and incorporation theory, it offers great insight into original M&A intention and detailed M&A effect from various prospects. This thesis also illustrates multiple problems of from aspects which may possibly come out during strategy implementation, offers brief suggestion accordingly, and shed light on internalization strategy for China financial institutions.