金融危机：商业银行觅境外并购之“机”

商业银行的境外并购，有助于深入推进国际化战略，拓展海外市场、优化业务结构、推动经营战略调整、增强协同效应。受金融危机影响，国内银行并购潜在对象增多、并购竞争对手减少、并购成本下降，越来越多的境外并购机会呈现在我国商业银行的面前。商业银行应选择文化接近、经营理念和模式易于融合的并购对象，采用实物期权定价方法估价被并购银行，做好并购整合，取得境外并购的成功。

Financial crisis:An opportunity for commercial banks'overseas M&A

Commercial banks' overseas M&A will help promote the strategy of internationalization,expand overseas markets and optimize the business structure while adjusting business strategy and enhancing synergies.A host of M&A opportunities became available during the financial crisis,with comparatively less competition and lower costs.Commercial banks should zero in on M&A targets which have a cultural proximity,and similar business ideas and models to their own.Banks can use the real option pricing method to value...