Research On The Impact Of Foreign Strategic Investors' Equity Participation And Reduction On Commercial Banks

Since China's accession to the WTO,the opening up of China's economy has continued to increase,and the banking industry,as the core of China's financial industry,is also constantly undergoing reforms.Overseas strategic investors played an important role in the reform of China's banks.At the end of the 20 th century,China's commercial banks invested in foreign war stocks gradually entered a glorious period from the beginning,but after 2008,foreign war investment reduction behaviors occurred frequently.Most of the professionals gave full affirmation of the investment in foreign warfare,and a small number believed that the harm was greater than the benefit,with mixed reviews,and the frequent occurrence of overseas warfare reductions,which caused many professionals to think deeply.Should a foreign bank cooperate with foreign investment? Regarding overseas war investment and Chinese banks,the existing research mainly focuses on the impact of the single shareholding stage,and there is little research on the foreign war investment reduction stage.The impact on China's commercial banks is mainly concentrated on the impact on their internal operations.There are few studies on the impact of its stock price.In 2019,the China Banking Regulatory Commission lifted the restrictions on the proportion of foreign shares held,and released the signal of expanding opening up and actively introducing foreign capital.Therefore,studying the impact of foreign investment and reducing shareholdings on China's commercial banks has become an important contemporary issue.Based on this background,this paper studies the impact of foreign investment and shareholding reduction on China's commercial banks,and selects classic cases—Deutsche Bank's shareholding and shareholding reduction in Huaxia Bank.Based on the theoretical study of the two stages of shareholding and shareholding reduction,Deutsche Bank's impact on China's internal operating performance and stock price.First,establish a dual model of SYS-GMM and DEA,and use horizontal and vertical levels to study the impact of Deutsche Bank on China Business Performance.Secondly,the event research method is used to study the impact of Deutsche Bank on Huaxia's stock price.Then,it makes a comprehensive analysis of the advantages and disadvantages of Deutsche Bank's shareholding and shareholding reduction in Huaxia on the impact of internal operating performance and stock prices,and makes recommendations.The research conclusions of this article are as follows: First,Deutsche Bank's shareholding has improved Huaxia's internal operating performance and raised Huaxia's stock price.Among them,there is a "buffer period" of about 1 year for improving internal operations,that is,there is a "lag effect" on the improvement of net asset yield,net interest margin,and capital adequacy ratio during the running-in period of both parties,showing a "U"-shaped change;effectively reducing ChinaAMC 's non-performing loan ratio has also increased the provision coverage ratio;it has significantly improved ChinaAMC 's growth capacity,but has not reduced its cost-to-income ratio.Second,Deutsche Bank's shareholding reduction has little effect on Huaxia's internal operating performance,but it has raised Huaxia Bank's stock price in the short term.The large proportion of Deutsche Bank's clearing has only an inverted ?U? effect on China Net Internal Interest Margin,but the effect quickly weakened in a short time.After a large proportion of Deutsche Bank cleared China Insurance,the "insurance + banking" business synergies made investors optimistic about China's future market,stimulating stock prices.This paper empirically analyzes the positive impact of Deutsche Bank's shareholding on Huaxia through a case study,and the reduction of holdings has basically no impact on its internal and enhances Huaxia's stock price.In this way,it can provide relevant suggestions for China's commercial banks to actively introduce overseas strategic investors in response to the national call,and provide reference for the case to improve the overseas war investment and withdrawal mechanism.