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China's financial industry should focus on European financial enterprise the opportunity of the merger
If Europe appear massive bank crisis, many small and medium sized financial institutions will collapse, a group of large system and the importance of the financial institutions may need a total thousands of euro transfers. China should start to study in Europe with low cost merger of financial institutions (branches) or buy the possibility of some of its equity. If China's Banks in Europe on self-built branch development mode, the internationalization of speed will slow. And in Europe during the crisis in time grasp opportunities will give China merger of financial enterprises to provide a low cost, speed faster international opportunities. In addition, the European financial institutions once the crisis, may be selling its assets or branches of Asia. China should also focus on these opportunities. A crisis, Japan's nomura securities with zero cost acquired lehman's Asia securities business is a for the successful cases.
Of course, in related to concrete m&a business, they shall give due consideration to the Chinese financial enterprise itself to the needs of business expansion and the takeover of the enterprise control ability (especially talent and risk management ability) the limit, avoid blind acquisition, to cause great losses.
In the trade, the fight for Europe to China's market economy status and commitment to open China's high-tech exports. China can be controlled in the premise of risk involved in European aid, but should require European commitment to solve China's market economy status, and demanded that the European Union and the major European countries to reduce exports to China high-tech product restrictions.
In addition, prudence should China to buy the requirements of the debt appeal. Some European countries want China to buy big country's debt crisis to help stabilize the European bond market and investor confidence. In the present conditions, due to some crisis countries default risk is still in rising channel, the euro is facing on the significant dollar depreciation pressure, so China's debt should be prudent to investment. But, the EFSF bonds and European governments do reach an agreement on the future once backwardness European bonds, China should take a more positive attitude measures to support them.
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EFSF是European Financial Stability Facility的缩写，意思是“欧洲金融稳定基金”。为了保护各成员国的金融稳定，于2010年5月由欧盟与国际货币基金组织成立了“欧洲金融稳定机制”（ESM），并且成立了“稳定基金”。 当欧元区成员国出现金融困境或者重组银行需要贷款的时候，欧洲金融稳定机构可以在德国债务管理局的支持下通过发行债券或其他融资工具来提高贷款支持基金，同时也可以以此来购买主权债务。债务信用将由欧元区成员国根据各自在欧洲央行的已存资金比例，按比例担保。
