Research On Ping An Purchasing SDB

Worldwide, the numerous mixed mergers and acquisitions among banks, securities and insurance are increasingly common. As China's accession to the WTO and the gradual improvement of the capital market, large banks, insurance and securities companies have begun to try to establish a financial holding company. In 2009, China's Ping An announced the acquisition of Shenzhen Development Bank, opened the prelude to this stock merger wave. Under the approval of Securities Regulatory Commission and China Banking Regulatory Commission, China Ping An becoming the first person to eat crab, and have the opportunity as the first insurance institutions that merger national commercial bank.It must be seen in the enormous merger opportunities, but also faces enormous risks and crises. Motivation, valuation of the target company as well as synergies are studied as the base of discussion and analysis. Through research and analysis of this case, useful insights and recommendations can be summarize, which are help and benefit slightly to Chinese financial mergers and acquisitions on the development of China's financial industry.The second chapter of the article altogether is the enterprise theory of mergers and acquisitions; Then the mergers and acquisitions mainly introduced the participants and motivation; The fourth chapter is the process of merger and acquisition and a detailed analysis of the valuation; The last chapter is the results of the mergers and acquisitions and Suggestions and implications are drawn. Through research and analysis of this case, there will be certain reference value to Chinese financial mergers and acquisitions on the development of China's financial industry.