Bank: M & A Financing Model To Promote Improved Local M & A
PBOC Shanghai headquarters of the 22nd
joint Shanghai Financial Office, the China Federation of Industry Mergers and Acquisitions Association held a "Symposium of China local industry consolidation", the meeting that future acquisitions should speed up the development of the local community, promoting local industry consolidation. It is understood that M & A lending since the end of the gate, domestic financial institutions involved in M & A enthusiasm high. As of May, to enter into mergers and acquisitions of domestic banks lending 130 billion.
Meeting, Bank of China headquarters in Shanghai, Vice President and Director of Suning of accelerating the development of local mergers and acquisitions, integration of local industries to promote the five main tasks.
Su Ning pointed out that mergers and acquisitions to speed up local development and promote integration of local industries need to overcome the problem faced by many. First, improving the relevant laws and regulations to guide industry in the integration policy introduced more relevant. Second, to further improve the financing of various acquisitions, to encourage intermediaries to provide better and efficient services. Third, support local participation in local equity fund acquisitions. Fourth, to encourage local enterprises to extend the industrial chain through acquisitions, to enhance enterprise competitiveness. Fifth, the promotion of domestic M & A market development, suggesting that financial institutions and relevant departments attach importance to guard against risks.
Shanghai Municipal Committee, vice mayor, said Tu, industrial integration of economic restructuring in Shanghai is one important way, while also providing services for the industrial integration of international financial center, Shanghai is an important feature. Shanghai municipal government will intensify efforts to support enterprises involved in mergers and acquisitions, to achieve industrial integration, play Shanghai advantage of integration for the country's industry to provide financial support. It is reported that Shanghai has become China's capital markets, mergers and acquisitions of the main carrier from 2005 to 2007, the development of M & A transactions from the 250 billion to 780 billion, an average annual growth rate of 72%, even more rapidly in recent years. The total amount of mergers and acquisitions of listed companies has accounted for two thirds of all mergers and acquisitions, the Shanghai main board market in services significantly.
The current M & A financing company may choose to enrich tools, in addition to selection of convertible bonds in the capital markets, additional placements, mergers and acquisitions can also apply for loans in the OTC. According to statistics, as of the end of June 2009, Shanghai, ICBC, Bank, Bank of China and Shanghai Banking M & A loans were issued 2.067 billion yuan, accounting for one fifth of the country. Brilliance Group and Baosteel and other enterprise benefit. In addition, the equity investment enterprises have been set up in Shanghai, will also become the main acquisition.
Participants also local business acquisition financing model, local mergers and acquisitions and equity investment funds between the risk of local control of mergers and acquisitions, industry consolidation and economic restructuring and so on, gave in-depth discussion. The participants agreed that this meeting will further accelerate the development of domestic mergers and acquisitions, the promotion of industrial integration, improve the local M & A financing model, enhance the competitiveness of local enterprises to provide forward-looking guidance for the adjustment of economic structure, so that more economic development sustainability and competitiveness to provide a new way of thinking.
From the banking, securities, insurance, trust business, well-known equity funds and over 200 business representatives attended the meeting.
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Bank: M & A Financing Model To Promote Improved Local M & A
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