| In "Belt and Road Initiative" policy,Chinese brokerages have the international strategic.This papers elects three main cases,which are CITIC Securities merger and acquisition of Lyon securities,Huatai Securities merger Asset,Galactic Securities Acquisition of LianChang Securities for twentyfirst Century Maritime SilkRoad ASEAN economic belt brokerage business.These three cases focus on different business areas,but at the same time,they both responded to national policies,and also responded positively to the "going out" slogan of the China Securities Regulatory Commission."Beltand Road Initiative" covering total of more than 60 countries and regions,including China.It is divided in to the Silk Road Economic Belt and the maritime Silk Road intwenty-first Century.At the same time,China is driving the economic development of neighboring countries,giving full play to all the advantages of the country and helping the development of neighboring countries.At the same time,the overseas merger and acquisition of Chinese enterprises has entere dapeak stage.In the overseas merger and acquisition business,it is very necessary for Chinese local securities companies to but overseas business and assistenterprises to carry out overseas mergers and acquisitions smoothly.Then,through the study of relevant literature at home and abroad as well as the investigation of the foreign merger strategy of domestic securities firms,this paper discusses the characteristics and main forms of the Chinese securities firms' overseas mergers and acquisitions in accordance with the three aspects of the motivation of the merger and acquisition,the performance of the merger and acquisition and the evaluation of the effect of the merger and acquisition.According to the government "The Belt and Road" on Chinese securities companies overseas investment support conditions and the current world situation,systematically analyzes the opportunities and challenges of Chinese securities companies overseas mergers and acquisitions. |
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