With the rapid progress of the modern communicate technology, the new finance technologies and tools emerge in endlessly, every country loosen gradually to supervise finance industry. The different finance operations cross and penetrate on the increase. Financial globalization, liberalization degree are being strengthened day by day, which make those large-scale take, all-round to take, manage-globalization, large banks have more competition advantages among fierce international competitions business, and the amalgamation and recombination of banks is undoubtedly the effective way of setting up the huge bank in a shout time. The way, on one hand, can realize fine large-scale economy, range economy, and economize trade costs. Then it not only reaches by efficiency in coordination with, bring potential increment to social income, but also can increase the participant’s economic efficiency. On the other hand, the way can reach the purposes of reducing the rival, improve the occupation rate of market, and strengthen market force, and then the banks can get to the long-term chance of obtaining marketing. Thereby western developed countries boom another round of the upsurge of merging banks at the end of the 20th century.
Under this new development trend, the silver industry bank in Japan began the recombination and the amalgamation of the new round after Citibank NA amalgamated with tourist’s bank in 1998. The amalgamation and recombination of Japan banking not only is the objectively requirements of Bank of Japan achieving large-scale economic strengthening the international competitiveness for meeting the financial globalization, liberation, but also is the inevitable outcome of breaking away the present Japan financial predicament, and deepening banking system reform. The 20 more than already existing Japan heavy bank after amalgamating, which forms basically already the five financial groups, which is Mizuho Holdings Inc、Sumitomo Mistsui Banking Corporation、Mitsubishi Tokyo Financial Group、United Financial of Japan, and ResonaBank. The five financial groups are cores in order to face the new financial pattern in 21st century centrally. Compare with the reorganizations of the Japan banking in the past, this reorganizations of wheel not only is unprecedented, and involve in extensive range scale, but also have new characteristic not possessed in the past as follow: 1.Break the demarcation line of the group; recombine according to the market principle; 2.Recombine among different industries; realize the mixing industry manages; 3.Innovate the amalgamation forms, which regard establishing the holding company of the finance at the main form;4.The foreign capitals participate in the recombining, which improve the international open degree of the Japanese financial market.
The meaning of this round of Japan finance recombination is great and far-reaching.
The first, the recombination help the constructing again of Japan’s financial system, it is not only the breach which rebuilds Japan’s financial system, but, at the same time, the new financial patterns after recombination, make the Japan traditional banking system the deep renovation. It is after the war in Japans take shape at the fifties “powerful, in order to subjectively for financial administration when its is strong since it is very of judging nature, made taking off with Japan’s economy for the banking system of the characteristic at indirect finance, main bank” and financial globalization, development drawback of liberalization are outstanding day by day. On later stage in the 1990s, Japanese authorities were sober too to realize that the financial system rebuilt the importance and urgency, and has accelerated the paces of the financial reform, and the amalgamation and reorganization of this wheel of the banking of Japan will promote “regeneration” of the Japanese finance from following respects further: 1.Weakened the long and steady financing relation between the bank enterprises inside the group, accelerated the transition from financing of “relation type” to the marketization financing way of “credit type of risk” inside the group, accelerated transition from the stability holding share in the group of the bank to mobility. 2.Supervise way science to the government and put forward higher request internationally. 3.Weakened the long-term, steady financing relation between Japan’s traditional silver enterprise, have promoted the disintegration of the relation of holding share each other, thus promoted and coordinate the competition to transform from” protecting type” into competition of market of “style of opening” among the bank.
The Second, Japan’s big enterprise unique stock right structure is: shareholder of enterprise legal personization, legal person hold share load and higher than individual rate of holding share, company it has to be heavy legal person enterprises basically by big share holder, it is high to stabilize shareholder’s rate; Legal person’s enterprise holds share each other in group from, Above-mentioned unique stock right structures become the property right base of the Japan large enterprises. Through the reform of the holding share stock manners and structures to watch, the stock right structures of enterprise must be influenced. In consequence, the reform will cause enterprises of Japan corresponding the changes of management and administration:
1.Japanese banking amalgamates the transition from holding share steady to flowing and holds share of bank, which are caused inevitably by Japanese banking amalgamation, thereby, the personal share holder’s status is improved, the function of surveillance and inspirit of the stock marketing and interior constraint and incentive mechanism of companies receive full play function, and then has optimized the structure of managing of company, and improved the business efficiency of the enterprise; 2.Shaking the property right foundation that the enterprise group forms, this undoubtedly breaks away from the constraint of group and serious to the Japanese enterprise, it improves management promote enterprise go on and step group amalgamate, accelerate and to new industry develop advantage of offering by field industrial structure adjustment Japan.
Our country belong to Asian modes together with banking system of Japan, a lot of similarity exists, however, Japan amalgamate and recombination experience have more important meaning for our country the developments of banking by relatively high; The national wealth of Japan is rich, the ability to resist risk is relatively strong, but the national wealth of our country is not far as Japan, the ability to bear to the crisis of financial circle is relatively weak, thus the amalgamation and recombination of the banking of our country should confirm to the characters and conditions of our country, especially should pay attention to the several points that are as follow: 1.Deepen the property right system reform of the banking of our country, transform the business bank of our country according to the system of modern enterprise strictly, the business bank that makes become the main part of property right with independent legal personality, become the most genuine business bank; 2.Correct to know and deal with government behavior and the recombination to banking, make the bank of our country amalgamate and recombine according to the market principle, regard raising the efficiency as the starting point; 3. Make and perfect every competition rules of the banking and the shareholder’s lawful rights and interests, amalgamate and clear away the legal obstacle for the banking.