Mixed small and medium banks Speed Merchants Bank purchased the layout to be approved by the Trust in Tibet

 Following last year's acquisition of Bank of Beijing, ING Insurance Company 50% stake, and a joint-stock bank is about to test the water mixed operation. Industrial Bank has announced that the acquisition of the bank plans to Lianhua International Trust Company Limited has obtained approval of the CBRC. Mixed small and medium pace of bank layout is speed.

According to the announcement, the Industrial Bank is intended to 852 million toward the acquisition price of New Hope Group Co., Ltd., Sichuan South Hope Industrial Co., Ltd., Fujian, China Investment Co., Ltd. together hold 51.18% Lianhua International Trust Company Limited of the shares.

announcement shows that the relevant After completion of the transaction, the company will hold 51.18% stake in Lianhua Trust, becoming its controlling shareholder. The matter has been considered by the company the sixth-seventh Board of Directors; Industrial Bank in February 1, 2011 received China Banking Regulatory Commission approved the document, the transaction has been formally approved.

Industrial Bank, said the acquisition of the bank trust is an important strategic development of integrated management procedures and implemented through the acquisition of Lianhua Trust Holdings goals, will help the company accelerate the implementation of comprehensive business development strategy, improve the overall financial services capabilities, and to enhance the company's core competitiveness.

on the banks, the development of mixed operation is to deal with the institutional environment, market environment, a good policy changes. China Banking Regulatory Commission, told reporters after the relevant person, trust business range, wide channels, but did not play the effectively involved. The bank acquired trust companies, trust companies can make use of the channel advantages, expand their business.

fact, in the commercial implementation of the strategy of universal banking, large state-owned commercial banks are often more active and rapid action. Previously, the only listed bank holding Trust Bank of Communications and China Construction Bank, Industrial Bank will create a small joint-stock banks entered the trust of the precedent.

Moreover, shares in commercial banks, insurance companies, the large state-owned banks are also more advantages. End of 2009, China Insurance Regulatory Commission approved the acquisition of Bank of China Life holds 51% equity interest in CMG; the same year in December, the Construction Bank and ING Group (ING) signed equity transfer agreement to acquire the latter held by Pacific-Aetna Life Insurance Insurance Company Limited 50% equity; last October, ICBC and the AXA AXA, China Minmetals to Kim Sheng Renshou equity trading agreement, ICBC will be 12 million acquisition of 60% of the shares of gold Sheng Renshou, became the controlling shareholder.

Institute of Finance, Chinese Academy of Social Research Office, has recently said that banks, commercial banks are the main trend of integrated operations. Compared with the small and medium banks, large state-owned commercial banks more risk-control capability, in obtaining a license are more Mixed joint-stock banks have an advantage. With the deepening financial market system, the development and expansion of financial institutions, some of the larger joint-stock banks and city commercial mixed operation demand, therefore, to seek integrated operation of these banks will have to speed up the pace. Last April, China Insurance Regulatory Commission approved the acquisition of ING Bank of Beijing 50% stake in insurance companies. It is reported that the acquisition of China Merchants Bank Trust matters in Tibet are also waiting for the State Council approved.

was just that the current regulatory requirements for listed banks, more and more listed banks increasingly stringent operating constraints, the development of mixed operation can make up more channels from the business scope of commercial banks, the limitations of various means to promote banking services , ensuring an integrated service capabilities to customers, looking for new profit growth point.