Editor's Note: In recent years, with the gate opening bank insurance company shares, mainland banks and insurance firms have accelerated marriage. Mixed trend is clearly accelerating financial sector, bank and insurance market will face a new round of reshuffle. However, the comprehensive range of business in bringing the economy, but also for the future development of domestic financial markets has injected uncertainty, to reflect the U.S. financial mixed development, China Economic Net will be more on the current bank and insurance business to observation and reflection.
number of banks, insurance firms
shares following the Bank of Communications, Bank of Beijing, ICBC, China Construction Bank, the Agricultural Bank of China also joined the alliance team.
2 11, ABC announced that the Board of Directors of the Bank through the Insurance Company of newly issued shares of 1,036,700,000 shares; the transaction is completed, the bank shares accounted for Golden Harvest Life 51% of the total shares, becoming its controlling shareholder. Once the transaction is completed, it will be far the largest case of a bank acquisition of insurance companies.
from 2009 to the present, there have been a number of banks in the Mainland insurance company shares. ICBC invested 1.2 billion acquisition of 60% stake in AXA-Minmetals Assurance Co., Bank of the acquisition of CMG Life Insurance Co., Ltd. 51% stake in Bank of Beijing spent 680 million yuan acquisition of ING 50% stake in China Construction Bank acquired 51% of Pacific-Antai equity.
intermediary business revenue increase driven
industry believes that mixed operation with the bank and insurance era, bank shares Insurance The company will help to improve banking intermediary business revenue, profit growth for more, there will be more banks involved. Xiang Junbo, chairman of the Agricultural Bank, said the holding Golden Harvest Life Insurance, will further improve the business platform of the Agricultural Bank, optimize the revenue structure, a rich product range of financial services, enhanced services
the use of bank outlets, vigorously develop bancassurance business is insurance company vision. Data show that in Bank of Bank of CMG shares within one year, Bank of CMG's premium income 84.02 million yuan from 2009, quickly rose to 712 million in 2010, premium income growth of 7 times. Compared with other banks, Agricultural Bank of China in the consignment insurance has a great advantage, as of 2010, the Agricultural Bank of bank and insurance premium volume sales agent Than 1,000 billion yuan, 4.3 billion super-agency commission. Mixed in the bank still
the insurance industry as the leading market share in the financial year by year, community increasing awareness of risk and insurance products in the proportion of the public financial management in growing, creating a prosperous insurance and banking cooperation between the situation.
either Mixed or separate operation, is just a model, is all kinds of financial institutions, according to the external market environment and their own state of the road selection. Financial innovation not only in product design, product pricing mechanism of specific micro-level, but also in macro-management mode. Moreover, the broader business model changes, greater impact, with a pull-ranging effects.
In China, traditional commercial bank-based financial services, investment banking business has developed rapidly in recent years, and appeared in a commercial bank for the phenomenon of funds and insurance business, still the position as the leading bank in the future mixed operation mode, this situation may be broken, the bank's private bank established in the high-end customers tailored asset allocation, insurance is an integral part. It can be said that in China, the development banks to promote the great development of the insurance industry.
small and medium insurance companies facing a absolutely dominant position, whether or management level of capital strength, the banking industry all over the insurance industry is a In particular, domestic banks in recent years, the rapid development of insurance business, more channels, has a strong advantage for commercial banks to become insurance companies competing for partners.
concern is that the cross-investment insurance firms and the target of the Bank of China are small and medium insurance companies, and are direct 'holding' rather than the widely circulated in the past 'a certain percentage of shares', which are sufficient to show banks for bancassurance business attention. To be sure, with the number of banks involved in the increase in investment, bank and insurance market will face a new round of shuffling, small and medium insurance companies in the ranking on the list or to be a huge change in seating. to bring the scope of the comprehensive management of the economy, but also for the future development of domestic financial markets has injected uncertainty, for related party transactions, conflicts of interest, excessive control or super market, concerns about monopoly is not unfounded.
to both the pros and cons of the 'double-edged sword'. the level of cooperation has been stuck in the outside sales agent levels, which both in product innovation or customer service, both sides have always been the lack of real cooperation. Not only that, in the interests of drivers, the bank and insurance product sales in the process of misleading repeated acts, which also makes bank and insurance business has become a hidden risk of the rapid accumulation of points.
It is understood that before 1993, is China's financial mixed, but in the end because management and business is too confusing in the end. then lending to governance was chaos, raising funds and loan mess of the management system.
Since then, the United States forced the domestic financial industry, competition in the international market, then in 1999 adopted the more than half the sub-sector business practices, return to mixed operation. However, precisely because of the lack of internal oversight mechanisms, the loss of the wall Mixed risk, was a result of the U.S. subprime mortgage crisis, and evolved into a global The financial crisis or even economic crisis.
innovation, and eventually led to the outbreak and risk the collapse of financial institutions. In the current global financial crisis, when the haze has not yet dispersed, re-examine the financial problems of comprehensive management is not difficult to find, build financial mixed operation between the 'buffer zone', to guard against financial risks by cross-flow and multiple expansion of the adverse effects of the financial regulators in steadily during the first comprehensive operation to do the work. mode, regardless of the referral link from the business agent or a link from the development of product categories can not fully meet the actual needs of customers. The two sides are currently only limited to the bank to act as intermediary agents of the insurance company level.
Mixed: Mixed is the so-called commercial banks and other financial institutions with a scientific organization in the money and capital markets multi-service, multi-species, multi-way cross-business and services in general. Financial Mixed operators is the world trend of financial development, China is also one of the ultimate goal of financial reform.
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