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Holding Act passed in 2001, the case of financial holding companies in February 2002, convertible securities and bank subsidiaries established in the case of the securities subsidiary of financial holding strong profitability in the 1980s, Taiwan's stock market boom period, market share the highest rate was 18%, much higher than today's leading brokerage Yuanta card, a small number of cases is the financial holding of securities as the main cause of financial holding companies. With the consolidation and corporate brokerage market share increases, the current account is a securities subsidiary of a leading group in the city of Tier 2, profits are still strong. But Bank subsidiary ranked center in the industrial scale, in the banking industry and product homogeneity overbanking high competition in the continued loss of the Red Sea. Bank subsidiary from 2002 until the establishment of foreign financial holding White case in 2009, the total loss of 33.8 billion yuan, the amount of loss is very great. Cases of financial holding companies profit contribution from the securities subsidiary, a subsidiary of the bank are insufficient to cover losses, and finally in April 2009 will operate the power to allow for foreign investment, established from 2002 to 2009 financial holding operating rights to foreign investors so that only 7 calendar years. Cases of financial holding companies, foreign ownership motivations can be divided into external and internal. Extrinsic motivation: (1) global economic crisis and climate change in the market to provide the financial incentive, (2), driven by rising mainland economic strength of the Greater China regional economy vibrant, and to obtain control of Taiwan's financial industry in the Greater China Region conducive to pursuing business opportunities in the financial service needs , (3) Act under the control achieved Holding and its subsidiaries more than the value of financial license, (4) the expected cross-strait political moderate, a turning point for Taiwan's financial industry and raise the investment value of price-earnings ratio. Holdings of foreign capital entered the case intrinsic motivation: (1) diversification, investment banking new cases of financial holding Japanese securities business can increase profits to diversify sources of risk, Capital Target Limited shareholder can spread the risk of the real estate industry concentration, ( 2) international distribution, long-term downturn in the Japanese economy, Japan's Shinsei Bank to resources outside of Japan with an opportunity to both sides of Taiwan's financial industry, Capital Target Limited is the largest shareholder investment outside the United States to China to meet its medium and large layout area and the demand for financial services , (3) to obtain complementary skills and resources, Taiwan and the mainland the same language, and the Taiwan Taiwan's financial industry resources, make up the Greater China region chase foreign inadequate resources. (4) The rebirth of Shinsei Bank's experience, providing the largest shareholder re-investment confidence, in addition to Shinsei Bank rebirth experience as a bargaining chip to get good acquisition conditions.
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