China Financial Daily

August 17, 2009

Shanghai’s financial industry mergers and acquisitions firm, led the city need a breakthrough

Filed under: Financial News — Tags: — lily @ 1:12 am -0700

Shanghai’s financial industry mergers and acquisitions firm, led the city need a breakthrough
At present, the Shanghai State-owned financial reform has officially entered the implementation phase of reorganization. Previously been seen as a “Financial Holding Group Shanghai” Shanghai International Group, the clear, with a focus on financial investment to do it is to do a good job platform features, to the financial investment from the current group into an integrated control strategy of the financial investment group.

City firm in the country ranked second in the total assets of the Bank of Shanghai is that it is necessary to continue to accelerate cross-regional development and the pace of listing, in pursuit of the city commercial banks to maintain a leading position.

The experience of Shanghai or other areas would be a good reference for the financial industry. To the banking industry as an example, large state-owned banks in the vertical completion of the reforms, the City firm next restructuring the financial sector reform has become a new hot spot. City firm’s shareholders but a very complicated structure, mergers and acquisitions of small and medium banks have encountered a lot of constraints. The banking sector on the active call should be to encourage small and medium-sized bank mergers and acquisitions, of mismanagement, some of the serious loss of small and medium-sized banks to adopt a merger, reorganization, bankruptcy and other means to regulate the market to deal with, encourage small and medium-sized banks in accordance with market rules and the implementation of the Voluntary Principles mergers and acquisitions

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