Research On Financial Integration Of Geely Holding Group In Cross-border M&A

With the remarkable improvement of China’s overall national strength,the trend of global economic integration has become more and more obvious.More and more Chinese enterprises have begun to go abroad to explore the overseas market and expand business.M&a is an option for many companies to enter overseas markets.Month-to-month mergers and acquisitions,refers to the enterprise through the merger or merger between enterprises to achieve better development of the company.According to the relevant laws and regulations,the merger agreement and payment standards formulated are only the beginning of the merger and the success of the integration is the key to the success of the merger and acquisition.The effect of financial integration can often be reflected by financial indicators.The operation of the whole financial system is closely related to the change of financial indicators,and financial indicators often reflect the operation of the whole enterprise.Therefore,for the two or more parties to the merger and acquisition,the importance of financial integration should be fully paid attention to.In order to study the above problems,based on the in-depth study of the theories and research status of financial integration at home and abroad,this paper selects the acquisition of proton by geely group as a case.This paper will start from the background of geely’s acquisition of proton,briefly introduce the process of geely’s acquisition of proton,focus on the analysis of the financial integration part of geely’s acquisition of baotang,at the same time,fully study the performance of its financial integration,and select some financial and other relevant nonfinancial indicators.Through comprehensive analysis and compared with related data of related enterprises,it is concluded that geely group after the merger and acquisition both in the debt paying ability,operation ability,profitability and growth ability,etc,have achieved good results,the company’s operating results also improved significantly,improve group financial personnel’s professional quality,company must strengthen the resources integration,realize the coordinated development,clear targets,to eliminate interference factors.