Industrial And Commercial Bank Of China Mergers And Acquisitions South African Standard Bank Public Limited Case Analysis

The 21 st century,the international economic situation has undergone major changes,the global economic situation is more complex and changeable.The rapid development of world economic recovery,the trend of financial integration is obvious,the dollar in the financial sector has been weakened the core position,the financial crisis after the gradual recovery of commodity transactions,China's annual growth rate of 6.5% or more,successfully leapt to The world's second largest economy,China's commercial banks can rely on the current financial development background,profit and avoid disadvantages,innovation growth point,is particularly important.In 2016,the renminbi joined the special drawing rights,especially the technology is changing with each passing day.Financial innovation leads the reform of the financial industry,"Internet +" financial,large data,Information technology,networking and other technologies continue to penetrate into the field of commercial banks,business structure,business development model,market competition,put forward an unprecedented challenge.China's commercial banks only to achieve "introduction" is not enough to meet the development of business integration,diversification and integration requirements,only to adhere to the "introduction" at the same time homeopathy and "going out" to broaden the global financial market,Financial services,enhance the international management,is the steady development of commercial banks long-term policy.Therefore,it is of great theoretical and practical significance to study how commercial banks can successfully achieve cross-border mergers and acquisitions,establish a world-class international management system,improve operational efficiency and strong international market competitiveness.In this paper,the relevant research literature and achievements of cross-border mergers and acquisitions of domestic and foreign banks are collected,classified and collated as the basis of writing,and the Bank of China Industrial and Commercial Bank of China mergers and acquisitions of South African Standard Bank Public Limited,which was successfully completed in February 2015,was selected as the object.Firstly,the concept and theoretical doctrine of cross-border M & A of banking industry are described in detail,including the concept of M & A,cross-border M & A performance,OIL theory,economies of scale theory and synergistic effect theory.From the perspective of opening up the global business platform, expanding the commodity market,optimizing the capital allocation,realizing the economies of scale and improving the management ability,the author analyzes the motives of the bank's cross-border M&A.Followed by the acquisition side,the mergers and acquisitions and the two mergers and acquisitions were carried out a simple background.Thirdly,the combination of normative analysis and theoretical analysis,the combination of horizontal analysis and longitudinal analysis,the combination of quantitative and model construction,qualitative analysis and quantitative analysis,the use of SPSS tools to analyze the value of shareholder wealth Effect and combined with financial indicators to study the performance of mergers and acquisitions,the overall impact of cross-border mergers and acquisitions have a positive economic effect but there is lag.Finally,the author analyzes the new opportunities and new challenges faced by China's commercial banks under the new situation,and takes the merger of the Industrial and Commercial Bank of China as a reference to the cross-border M&A of the Bank of South Africa Standard Bank.The transnational mergers and acquisitions of commercial banks from the government level,Level of the relevant countermeasures and suggestions.