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題 名 | 淺析中國保險公司收購合併管理辦法實施後的影響--基於財產保險市場結構變化視角=A Few Reflections on China's New Mergers and Acquisitions Rules--From the Perspective of Non-life Insurance Market Change |
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作 者 | 李慶宗; 李崇憲; 廖勇誠; | 書刊名 | 保險學報 |
卷 期 | 9 2015.03[民104.03] |
頁 次 | 頁1-32 |
分類號 | 563.726 |
關鍵詞 | 中國保險監督管理委員會; 保險公司收購合併管理辦法; The China Insurance Regulatory Commission; Mergers and Acquisitions Rules for Insurance Companies; |
語 文 | 中文(Chinese) |
中文摘要 | 中國保險監督管理委員會公佈實施《保險公司收購合併管理辦法》,主要的內容包括允許保險公司收購經營同類業務之同業、 准許投資人採取併購貸款等融資方式投資保險公司及放寬投資人的資格可以不適用對保險公司投資三年的年限要求。基於此項新規定,本文除探討歐、美、臺、日產險市場的整併經驗供中國大陸業者參考外,並分析中國大陸放鬆投資保險公司管制後對財產保險市場結構的影響,認為此舉除對大型財務狀況較佳的當地保險公司及跨國外資保險公司藉併購體質較弱之同業以加速成長外,亦有利於地區性保險公司透過併購擴大經營地域;就長遠來看,中國大陸放寬保險業併購管理之規定有助於提升整體市場效率。 |
英文摘要 | The China Insurance Regulatory Commission have promulgated the “Mergers and Acquisitions (M&A) Rules for Insurance Companies” which include allowing acquirer to buy stakes in insurers which operate in the same field of business. It also allows acquisition loans to finance the M&A. What is more, the new rules relax the qualification of stockholders, and investors can now do without observing the requirement of investing in insurance companies for three (3) years. In view of the new rules, this paper analyzes its effects to the non-life insurance market after China have relaxed the control for investing in insurance companies, in addition to probing into the M&A experiences of Europe, the United States, Taiwan and Japan for China insurers’ reference. It is expected that stronger domestic and multi-national foreign insurers would acquire weaker peers to accelerate growth. The rule change is also advantaged to regional insurers to expand their business territorial scope, the reason being there is no duplication of resources in regional insurance companies. In the long run, the relaxation of M&A rules for insurance companies would help to improve the overall market efficiency in China. |
本系統中英文摘要資訊取自各篇刊載內容。