The Research On The Risk Of Oversea Merger And Aquistion In Chinese Bank Industry

Oversea merger & acquisition is the only way of the Chinese enterprises' internationalization, and it's also an important measure for the enterprise operation under the globalization background. The oversea M & A of banking industry in our country has already started and become a high-profile phenomenon. International experience shows that the opportunities for M & A of banking industry will greatly increase under the global and regional financial crisis. After the Asian financial crisis, banks in Europe and America merged & acquired KorAm Bank, Korea First Bank and Korea Exchange Bank in one fell swoop. In the Japan's economic recession, there have been large-scale bank merger & acquisition tides, and the number of banks drop sharply. In the past 30 years, China has accumulated at least 2 trillion dollars of foreign exchange reserves. As respected that the money will be used for more foreign exchange M & A activities, and the spread of the subprime crisis is precisely just to greet the arrival. In the current subprime crisis of the United States, many global financial institutions are in the fluidity difficulties. With the great enhancement of the asset size and financial strength after the stock market reform, Chinese commercial banks should take advantage of this opportunity and choose a number of promising banks to carry out M & A. This is the significance of this thesis. Specifically, the full text is divided into following five parts.The first chapter introduces the purpose and significance of the risk research for oversea M & A of banks, and reviews the research situation of risk about the domestic and cross-border M & A. Then it points out that in the current economic situation, the study of oversea M & A of banks has far-reaching significance.The second chapter analyzes the motivation of oversea M & A of banking industry based on the concept of risk and oversea M & A risk. Cross-border M &A of banking industry is the result droved by many kinds of motivation together, but the core motivation is nothing more than to maximize profit. Under the influence of the current subprime crisis, the economic situation at home and abroad provides a historic opportunity to banking industry in our country to carry out cross-border M & A,which now becomes one of the main motivations of Chinese banking industry to carry out oversea M & A.The third chapter focuses on the risk identification and evaluation of oversea M & A of banks. On one hand, oversea M & A is an effective way to expand the scale and enhance the competitiveness for Chinese banks, but on the other hand, there are also many risks such as international politics, markets, operations, and integration. First it discusses the risk existing in the oversea M & A of banking industry in our country and researches the relationship and transfer among the risks. And then it uses analytic hierarchy process (AHP) and fuzzy evaluation method to build overseas M & A risk assessment model to manage risk well.The fourth chapter, combined with the relationship and conductivity of the risk in the process of oversea M & A, we put forward measures and proposals to guard against the risk, such as strengthening the country's external activities and reduce political risk; improving the system of government support; developing reasonable M & A plan and the integration plan in order to evade and guarding risk.The fifth chapter is an empirical study which is the case of the Industrial and Commercial Bank of China acquires the Standard Bank of South Africa 20% stake. In the current financial crisis, we hope to give certain guide to the banks in China to evade and guard risk in oversea M & A.