A Study of Mergers and Acquisitions of Domestic Banks by Foreign Banks on Integration and Business Strategy: A Case of a Merger between HSBC Bank and Chinese Bank

[[abstract]]政府為順應金融自由化、國際化，於1990年起陸續開放十六家新銀行設立。不過，卻也造成金融市場僧多粥少，銀行業務陷入惡性競爭的窘境。接著1997年發生亞洲金融風暴，我國銀行業同樣遭受經濟成長減緩、產業外移，以及房地產景氣不佳等諸多大環境不利因素之影響，導致逾放增加以及嚴重的金融問題。 政府為了整頓問題金融機構及構建一健全金融體制，2002年起推動二次金融改革。第一次金改成功使得逾放比率下降，銀行信用也有改善。但金融市場仍存在銀行家數過多、獲利不佳及資本適足率偏低等問題。政府的第二次金改，激化了台灣金融業的購併。此段期間，外資集團相繼購併本國金融機構，包括2008年3月匯豐銀行購併中華商業銀行，是政府近年來花了相當大的代價所換得的成果。 本文主要探討匯豐銀行購併中華銀行的過程中整合問題，並且比較匯豐銀行購併前後之經營策略與營運績效，依此藉以了解外商銀行購併我國銀行的效益。[[abstract]]In order to comply with financial liberalization and internationalization the government approved establishment of 16 new banks since 1990 However this induces that the domestic financial market competition between banks substantially increases Moreover during the Asian financial crisis banking sector also suffered slow economic growth industrial relocation and real estate boom resulting in increase of non-performing loans and serious financial problems In order to rectify problematic financial institutions and build a sound financial system government carries out the second financial reform since 2002 The first financial reform successfully declines the ratio of overdue loans and improves bank credit However there still exist some problems including too many banks poor profitability and low capital adequacy rate in the domestic financial market The Government's second financial reform intensified the acquisition of Taiwan's financial industry During the period of the second financial reform foreign groups merged with problematic domestic banks including a merger between HSBC Bank and Chinese Bank This thesis mainly discusses integration problem of acquisition for a merger between HSBC Bank and Chinese Bank and compares business strategy and operation performance before and after a merger between HSBC Bank and Chinese Ban