Study On Evaluation Of Financial-industrial Combination Bank

Financial-industrial combination is the combination of industrial capital and financial capital,and it is the inevitable outcome of the market economy development to a certain stage.Early in the middle of the 17 th century,western countries came with harmony,and its purpose is to meet the demand of industry development funds,synergy to provide financial services for industry.Financial-industrial combination developed in the nineties of the 20 th century,in China,and it is still in its infancy at present.The practice of the development of market economy in the developed countries shows that industrial capital and financial capital will inevitably have a fusion process,this is the most efficient allocation of social resources to achieve the objective requirements.In the macro level,the fusion of industrial capital and financial capital is conducive to efficient allocation of social resources,is an inevitable result,is this foreign experience of economic development;For enterprises,financial industry investment is advantageous to the enterprise group to save transaction cost,obtain synergies,seek new profit growth point,smooth financial risk,is the choice of enterprise's development and growth.Under the background of financial-industrial combination,Financial-industrial combination bank received extensive attention from all walks of life.As a large central enterprises,CNPC(China National Petroleum Corporation)purchase the Kunlun bank in 2009,China resources group also set up the China resources bank of Zhuhai.The two sequences with financial-industrial combination bank listed by the China banking regulatory commission(CBRC),is the domestic financial-industrial combination model of a new round of exploration and practice,the bank of China with financial banking model to.In with financial-industrial combination thriving situation,we can't only see the advantages,and ignore the problems,because there are some potential risk,such as by the policy,strong dependence on enterprise groups,high requirement to the inter-disciplinary talent,policy and legal risk,credit risk and integration risk,etc.Commercial bank equity trading activities occur frequently,but the theoretical circle is little research on bank value assessment,especially for Banks with melting characteristics,so to give full attention,to avoid due to theory are not perfect in time with melting bank there is no "law" of assessment practice.In this paper,it used the literature research and case research method.On the basic of the theoretical research of enterprise value evaluation,it expounds the concept of enterprise value,enterprise value assessment methods,and analyzes the various evaluation methods to evaluate the applicability of the bank value.Combining the feature of city commercial bank,it believed that the discounted cash flow method is more suitable.Then,it made further analysis with characteristics of financial-industrial combination bank value assessment.It built a assessment model of financial-industrial combination bank value,and assess the value of theKunlun bank with it.