PingAn Group's Acquisition Of Shenzhen Development Bank:Analysis Of Motivation?Behavior And Performance

In the early years,due to the slow development of China's financial market and the immature conditions,the policy layout of "one line,three meetings",separate businesses has been persisted in the financial field for a long time.But in recent years,with the continuous development of global economic integration and liberalization,China's financial industry has gradually released the regulation of banking industry in order to enhance its international competitiveness and promote its healthy and stable development.In this context,the acquisition of Shenzhen Development Bank by Ping An Group has opened the way for China's financial industry insurance companies to hold nationwide commercial banks.Its acquisition not only has huge transaction volume,but also involves multiple regulatory departments,which has attracted wide attention.The m& a is of great significance not only to the development of the mixed operation of Ping An Group,but also to the mixed operation of China's financial industry.Based on finance and related theory,modern enterprise m&a on the basis of combing related research literature achievement,using research methods of combining qualitative analysis with quantitative analysis,systematically analyzes the peace group,Shenzhen development bank merger and acquisition of the entire process.First of all,the Shenzhen Development bank of Ping An group m&a motivation is analyzed,mainly from Ping An's m&a strategy motivation,SDB agreed to be the expected effect of mergers and acquisitions motivation and m&a are analyzed in three aspects,such as;Second,Shenzhen Development Bank of Ping An group m&a behavior is analyzed,using related measurement method,evaluation,from the value of the Shenzhen Development Bank merger and acquisition of consideration of both sides,merger integration and m&a risk and so on four aspects has carried on the comprehensive considerations;Then,the Shenzhen development bank merger and acquisition of Ping An group m&a performance is analyzed,using event study analysis the short-term market reaction of the mergers and acquisitions,and use the factor analysis method analyzes the long-term performance of m&a;Finally,according to the research conclusion,the author puts forward relevant policy Suggestions from the perspective of merger and acquisition,government and financial market.Through the study,this paper finds that Ping An Group has chosen the Shenzhen Development Bank as an object of merger and acquisition,in order to realize the development strategy of its own mixed operation,and it has its scientificity and rationality to a certain extent.In the process of integration,Ping An Group has also made an accurate jud gement and product.At last,through the evaluation of the performance ofm&a,we can see that them&a has an important positive effect on the long-term healthy development of Ping An Bank.It is a very important step in the long-term development strategy of Ping An group.