Deep development of Ping An bank within three years of integration but not limited to merger

The two sides are currently operating independently, advancing their business expansion plan Category: Advertising Author: Luo Guan original Browse Volume: 0 Edition: GC01 version: Daily Wealth cover manuscripts: Southern Metropolis Daily Summary: After the Ping An acquisition deep development plan announced,　　How to deal with peace in the hands of Ping An bank and the deep development of the potential competition between the two sides has been the focus of attention.　　Ping An acquisition of the deep development plan after the announcement, how to deal with the hands of Ping An bank and the deep development of the possible competition between the two sides has been the focus of attention. Deep development yesterday in the report on the change in details of the transaction, the first clear mention of how peace will solve the future of the deep development and the potential competition between Ping an bank.　　Ping An says that the completion of the acquisition will maintain a deep development in the personnel, financial, institutional and operational independence, but also committed to the completion of the transaction within three years, "including but not limited to the merger" approach to the integration of deep development and ping An bank to avoid the occurrence of substantive competition.　　And yesterday's capital market has basically digested both sides of the transaction, the daily trading of deep development yesterday still rose 2.68%, but Ping An and H shares have been about 5% of the sharp decline. At a press conference held on the afternoon of 14th, the two sides have also made it clear that the material submitted to the regulatory level by the deep development and peace talks also involves the integration of the deep development and ping An bank in a certain degree. Newman said one possibility would be to merge some of the outlets in areas where the two sides would overlap, but there is no detailed plan for the consolidation of both banks. Ping An bank president Richard Jackson said on the same day that the future in the deep development has been covered but ping an bank has not yet entered the city, the two sides can share network resources, and further improve the coverage of the group customers.　　But both sides said they are now going to advance their business expansion plans. Ping An bank since its inception has been actively laying branches and outlets throughout the country, this year is in Guangzhou, Hangzhou opened branches, to Kunming, Nanjing and Beijing's expansion is also planned.　　Currently has Shenzhen, Shanghai, Fuzhou, Xiamen, Quanzhou, Hangzhou and Guangzhou and other seven branches, as well as more than 50 branches, its business and deep development has a certain overlap. How to integrate the not finalized Guotai researchers said that after the deep development of Ping An acquisition, will certainly follow the peace of the Business Development Strategy and comparative advantage to plan deep development.　　However, based on the business characteristics of deep development in retail business and trade finance, it is less likely to make strategic adjustment at the business architecture level. On the contrary, the advantages of Ping An group's client resources and network layout will greatly boost the further development of retail business. Since the deal has been stressed that the stake will not exceed the 30% ceiling, in the future, only 6 of the 18 seats of the Board of Directors of the deep development, there is no absolute right of speech in the board, then the integration of deep development and ping An bank will have other obstacles and problems are difficult to predict, the deep development of yesterday's announcementIt is also premature to conclude that consolidation will be done within three years of the completion of the transaction. And the Yangtze River Securities said that China Ping currently holds 90.04% per cent of Ping an bank, in the future of the deep development and the integration of Ping An bank, if the merger, the use of what kind of price to major shareholders to inject assets into the asset will be the problem, if now ping an acquisition of deep development of high prices Future Ping-an banks will not be priced cheaply.