The Research On The Causes And Efficiency Of Merger And Acquisition In China’s Financial Industry

Since the mid1990of the20th century,Many Nations set off a wave of mergers andacquisitions which take the banking industry as the center,This wave of mergers andacquisitions, brought a large number of Super international financial institutions,In thewestern countries,the mergers and acquisitions is quiet common,the merger and acquisitionof enterprises swept the whole world,large financial institutions expand its organizationsto every places in the world,in the same time,it can promote the virtual financial capitalglobalization to a hitherto unknown height.In the wave of M&A,China’s financialindustry is still in the initial stage of market development, government behavior isrelatively large, the financial industry mergers and acquisitions performance improvementeffect is not very obvious, in this case it is necessary to learn from the anvanced experienceof western countries, combined with the characteristics of China’s financial industry itself,to find the most suitable for China’s financial Industries mergers and Acquisitions Program,strive to improve the performance of mergers and acquisitions.This paper summarizes the various methods of M&A and the conditions of useand limitations of the traditional, with China’s financial industry M&A, both sides tostudy efficiency, based on the domestic and foreign research results, combined with thestatus quo and the unique characteristics of China’s financial industry, the motivation ofChina’s financial industry mergers and acquisitions,and using empirical method researchon China’s financial industry mergers and acquisitions efficiency research, provides thetheory reference for China’s financial industry mergers and acquisitions decision. Researchshows that, China’s financial industry mergers and acquisitions efficiency is lower than themarket under the principle of M&A, that is to say China’s financial industry mErgers andacquisitions have great room for improvement, but also faces great challenges, finally thecombination of China’s financial industry mergers and acquisitions status and researchresults and puts forward some suggestions, pay attention to merger integration, to reducegovernment intervention, the cultivation of mergers and acquisitions intermediaryinstitutions, promote the mixed operation in a certain extent.