| 1. The significance of the article From 1990's, the fifth merger tide has taken place in international banking industry. Undoubtedly, this new merger tide will accelerate international finance competition, profoundly alter international financial setup, and also bring forwards a pressing task to China's banking industry. In the face of the new situation, China's banking industry should conform to the trend of international financial development, conduct structural adjustment and reform, in order to optimize financial industry structure, improve management level and enhance international competitive ability. In penman's opinion, the significance of this article has two aspects, one is to make a deep research of the status of the merger of international banking industry, the other and the most important is to explore the development road of China's banking industry, and do some help to the practical operation of the reform in China's financial industry. 2. The framework and viewpoint of the article Chapter one begins with the merger of international banking industry, summarizing in detail the merger tide in America, Japan, Europe and Developing countries in 1990's, and generalizing four striking new features of the merger of international banking industry. Then, by quoting western merger theory, the article researches the merger's motivation in macro and micro aspects, pointing out that the merger of banking industry is the outcome of enterprise pursuing profit maximum, also is the result of each country contesting for superior financial position, and analyses his five technique of expressions.Chapter two shifts to China, and brings out the core topic: the merger of international banking industry gives us three enlightments. (1) Whether we can settle the problems of developing our banking industry by adopting banking merger? (2) If adopting banking merger feasible, how can we construct a banking merger frame, which is suitable for Chinese condition? (3) How to solve the interrelated problems of banking merger? Whether we can use banking merger as a chance to bring along these problems' solving? Then, the article starts with the status of China's banking industry, analyzing the main problems of our banking industry, and drawing a conclusion: the extensive model of increasing mode is the biggest problem of our country's banking industry, the only way to strengthen ourselves is to choose intensive mode and carrying on structural reorganization, which means conducting banking industry merger is necessary and inevitable. Specifically, the merger of banking industry is the request of conforming the trend of international banking industry development, the request of optimizing the structure of finance industry, the request of joining "WTO" and improving our international competitive ability, the request of changing the increasing mode of our banking industry, the request of guard against and mitigate financial risks.Chapter three uses pragmatic method analyzing three typical merger cases in the history of China's banking industry, and finding out successful experiences and gaps of practical operation between China and some western countries. They can be concluded as: (1) Motivation of the merger relies mainly on extensive expansion. (2) The marketization degree of merger is low. (3) Price-setting mechanism of the merger is not transparent enough. (4) System environment of merger is not healthy. (5) Merger is the effective way for financial institutions' market retreat. The research of above problems provides scientific basis for solving problems and designing strategic frame of the merger in China's banking industry.Chapter four is the emphasis of this article. It designs the strategic frame of the merger for China's banking industry. The frame can be divided into three parts: (1) It elucidates the important strategic position of the merger in China's banking industry, entitling leader of China's banking industry systematic reform to the merger. (2) It defines the principles of the merger in China... |
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