山西证券并购格林期货动因及绩效分析

发布时间：2018-01-17 21:13

本文关键词：山西证券并购格林期货动因及绩效分析　出处：《深圳大学》2017年硕士论文　论文类型：学位论文

【摘要】：近年来由于中国期货行业发展迅速,发展期货业务成为证券公司的新一轮战场。首先,由于国家政策的支持,期货业务前景广阔,对于证券公司来说发展期货业务,可以扩大收入来源,提高其盈利能力,分散风险;其次,证券行业发展期货业可以在维护现有客户资源的基础上,吸引新的客户资源,并为客户提供更加广泛的金融服务业务;再次,由于期货行业在监管上比较严格,通过并购期货业能够得到被并购公司的期货业务的经营牌照,另外证券公司发展期货业务,可以利用自身的平台、客户等现有资源与被并购方整合,可以产生1+12的协同效应。本文以山西证券并购格林期货案例为基础,详细的分析了并购的背景、过程、动因、绩效以及可能存在的问题。通过此次并购,山西证券的各项财务绩效均有所提升,且此后的经营发展模式也变得更加多元化,实现了其并购的初衷。就目前所得出的数据结果,可以判定这是一次较为成功的并购。为今后的中国证券行业并购提供了借鉴性参考及启示。
[Abstract]:In recent years, because of the rapid development of China's futures industry, the development of futures business has become a new battlefield for securities companies. First, because of the support of national policies, futures business has broad prospects. For securities companies to develop futures business, can expand the source of income, improve its profitability, spread the risk; Secondly, the development of futures industry in securities industry can attract new customer resources on the basis of maintaining existing customer resources, and provide more extensive financial services for customers. Thirdly, because the futures industry is more strict in supervision, through M & A futures industry can get the business license of the M & A company futures business, in addition, securities companies to develop futures business, can use their own platform. Customers and other existing resources with the M & A party integration can produce 12 synergies. Based on the case of Shanxi Securities M & A Green Futures, this paper analyzes the background, process and motivation of M & A in detail. Performance and possible problems. Through the M & A, the financial performance of Shanxi Securities has been improved, and the subsequent business development model has become more diversified. It can be judged that this is a relatively successful merger and acquisition, which provides a reference and inspiration for the future M & A of China's securities industry.
【学位授予单位】：深圳大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.39;F271

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