European Banking Mergers And Acquisitions And Its Implications For China

With the development of financial globalization and integration of economy, a new round of merges and acquisitions(M&A) start up with banks as the principal part of the activities since the middle of 1990s. Numbers and dimensions of banks participating in M&A both perpetual increased not only in U.S.A. and Japan but also in the EU. EU specially kept ahead in the world during this global M&A. EU banks M&A began from the beginning of 1990s, and reached the climax in 1998. EU banks M&A processed in particular time background along with the course of EU financial globalization. Thus, both EU and members financial authorities tried to accelerate banks M&A through formulating measures and making assistant policies. In addition, during this time, the extension of EU banks M&A were not only confined domestic nation, but also extending to other countries, which constituted cross-border M&A. In this case, many large international banks emerged. At the same time, banks consolidated with security company and insurance company, which leaded to the emergence of the conglomerate in EU.As the main part of financial department, banks play a key role in the development of domestic economic and society. In the background of finical globalization, China's entry of WTO and the general open of the banks, it's imperative for the banks to extend ability to face the coming challenge. The process of development and successful experiences of the EU banks M&A has crucial important reference value for our banks to effectively extend self-strength, build up competition ability and accept future challenge in a shorter period.Therefore, besides discussing the problems of EU banks M&A, this paper will also focus on the guiding and reference effect to our banks in respect of helping the development of our banks. This paper is divided into four chapters. First chapter mainly discusses the basic problems of the banks M&A, such as the relative concepts of banks M&A and the academic analysis. Second chapter analyses the developing process of EU banks, specially introduces the background, process and peculiarities of EU banks M&A. Third chapter analyses the domino effect of EU banks M&A in theoretic and examples respects. On the basic of realizing the actuality of our banks, the Forth chapter brings forward primary thought about the development of our banks through the way of M&A combining with the experiences of EU banks M&A.