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Commercial bank financial holding company of the feasibility analysis

Abstract: Our Financial industry from separate operation to mixed transition is the general trend, the financial holding company as a separate operation from the effective transition to the Mixed form of organization, the large number of foreign evidence experience and theoretical studies have shown that its inherent advantages, combined with the status of the domestic financial sector can be found more suitable for our country by commercial banks of financial holding companies to explore mixed operation. Keywords: Mixed commercial-bank financial holding company financial sector has been fully opened approaching footsteps, in the the development of enterprises have chosen a different path, in order to adapt to the global financial mixed trend. Recently China Merchants Bank, Bank of Communications are exploring new model of mixed operation, the four major state-owned commercial banks, Bank of China, ICBC and China Construction Bank have already set up overseas holding company of the nature of BOC International Holdings, ICEA holding company and the China International Capital Corporation, the financial holding company can be seen of the merits of this form of organization and practicality, has practical significance. Of course, in the process of formation of financial holding companies also have a lot of risk, this article only to financial holding companies to be realistic in our feasibility analysis. A financial holding company concept 1999 年 2 月 Basel Committee on Banking Supervision, the International Securities Federation and the International Insurance Association jointly issued a document control Group. September 18, 2003, the first joint meeting of China's financial supervision by the It should be understood that the parent financial holding company in the most engaged in banking, securities and insurance business in a business, while the remaining business of its subsidiary business, which is universal bank financial holding company and an important difference. Financial holding company generally has three characteristics, Second, the financial holding company business model has the advantage of economies of scale, economies of scope and synergies. When an agency to provide specific services, costs are lower than combined to provide the same number of professional organizations cost of similar services, there will be economies of scale. Economies of scope are often the result of economic organization of production or expansion of business scope, thereby reducing the average cost, improve economic efficiency and to get. Financial assets associated with the strong and weak characteristics of specificity, use of assets to lower-cost mutual conversion. Financial holding company through information, marketing, network integration and sharing of resources, different regions, between different financial species use of the advantages to be combined to avoid duplication of institutional settings, customers can manage the fixed costs to a wider range of products , you can also lower the marginal cost of selling additional products, effective implementation of ready of the savings and complementary advantages. The entire group a decrease in business receipts, profits can be increased by another business to make up to play the synergy group as a whole. The company engaged in the business to obtain useful information of a low or even zero cost for other business decline and risk diversification. Financial Holding Company by assets, business, the geographical diversification of business, scattered single business of systemic risk. According to portfolio theory, the types of assets of financial institutions, business, business area such as fully dispersed, can reduce risk, improve the company to withstand business cycle fluctuations and economic impacts. More suitable for financial holding company set up a special focus on risk management institutions, such as the Risk Management Committee, the use of advanced risk management techniques and quantitative indicators of banking and securities, insurance and other activities between the business effective supervision, greater transparency, risk management results. Financial holding company with different business units can be established between the property, business, management, independent of the Between subsidiaries and between subsidiaries and parent company liability is limited to the amount, even if an operating crisis, a subsidiary of the other subsidiary is still business as usual, to improve the company's risk tolerance. Conducive to financial innovation and develop business. With the development of capital markets, the traditional banking business by a growing number of challenges, getting smaller and smaller profit margins, banks need to continue to organize, tools, innovation, financial holding company for the financial innovation to provide the ideal platform for capital market , money market and commodity market relevance, in the banking and securities, insurance and other industries to develop new cooperation between the cross-edge products and financial products, the company's business more or less affected by restrictions, or isolation between new business and traditional business risk. Group companies can achieve business and product cross-selling, bundling, to provide one-stop financial services, improve marketing capacity, by expanding the asset base, improve the pricing power the company's products and improve the company's capital structure, to achieve deeper sharing of resources. For example, brokers can take the help of the bank's customer resources, network resources and product resources, through the establishment of a unified financial platform to develop customers, the implementation of cross-selling, providing customers a full range of quality services in the capital settlement broker,jimmy choo south africa, financial services outsourcing, etc. to cooperate fully with the commercial banks. Internal capital operation and reasonable tax advantages. Financial holding companies or subsidiaries in the holding company to finance a number of levels, greatly improving the financing capacity. By sector capital from low return transfer to the high-return sectors to optimize the allocation of capital. Financial holding company also easy for financial cooperation within the company, the portfolio selection, diversification of assets with better liquidity, affordability and internal stability mechanism. Financial Holding's parent company's capital through investment holding subsidiaries have control over, they can be part of the investment subsidiary of Sun holding company, and so on, can be amplified to form the capital expansion effect, that is, multiple capital leverage. But it also has a great risk, need to be carefully weighed. Financial holding company to use its financial and tables, the characteristics of a unified tax, it is reasonable tax avoidance. Financial and table offset gains and losses of each subsidiary, so that there is a surplus of subsidiaries can not pay taxes or less taxes.