Overseas M&A Efficiency Research Of China’s Commercial Banks

On the situation of strong economic and financial globalization sweeping across the world, the development of the global financial industry has entered the international track. Especially in the1990s, setting off a fifth M&A wave in the world, the merger wave of banking mergers and acquisitions to become a hero. Promote the integration of the international banking, and promoting the banking sector to be omnipotence, the business services to the globalization direction. Versatile giant banks like Citibank, JP Morgan Chase Bank, Tokyo Mitsubishi Bank came into being. Since the December11,2001officially joined the WTO, with the end of the five-year transition period, China promised announced the grant national treatment to foreign banks. Subsequently, such as Citigroup, HSBC, Standard Chartered and other foreign banks have opened branches in China. The domestic banks in addition to the local interbank competition, but also began to face more intense competition with worldwide banks coming into the Homeland. A review of China’s banking industry onto the international road course, foreign banks came in at first, and then the domestic banks went out of. It is evident that between in and out of the bank’s capital adequacy improved, the other foreign banks advanced management experience and business technology has gradually spread in China. China’s banking industry to its essence, to its dregs, and continue to enhance their competitiveness in the context of globalization. Today the banking sector is in full liberalization, the pace of "going out" of Chinese banks, compared with the strong force of "bringing in of the "foreign banks, it is a weak force. As of the end of2012, China’s commercial banks cross-border M&As of27cases, and in addition to the few merger cases, relative to abroad, the scale and the transaction amount of the mergers and acquisitions is also small, not even on the$10billion merger cases. Compared to Western countries, the road of China’s commercial banks overseas mergers and acquisitions is just a beginning.