日本控股公司的导入及其影响

Introduction and Impact of Holding Companies in Japan

控股公司是一种通过拥有其他企业的股份,达到控制目的的企业结合形态。而资产集约化是控股公司的基本功能。1997年12月,日本实行了对控股公司的解禁。此后,形成了瑞惠、三菱东京、UFJ、三井住友四大控股公司。控股公司的导入将引起日本企业、产业的重组;促进日本型M&A(并购)市场的发展;对处理日本有问题的金融机构以及完善日本企业的治理结构将产生积极影响。

Holding companies, as a form of business corporation that controls other companiesthrough holding their shares, are characterized by a fundamental feature of high concentration ofcapital. After Japan lifted the ban on holding companies in December 1997, four major holdingcompanies, namely, Mizuho, MitsubishiTokyo, UFJ, and Mitsuisumitomo, have come into being.The introduction of holding companies will lead to the reorganization of industries and businesses of Japan, promote the growth of Japanese-type M&A market and exert a positive effect on handlingproblematic monetary facilities and perfect the rectification structure of the Japanese companies.