The Research Of Foreign Capital Acquiring Chinese Listed Company

Promoted by the economic system reformation and constantly opening to the outside world of our country, China with huge domestic market and inviting development potentiality becomes the focus that transnational enterprises fight for gradually, and there are more and more cases of transnational merger and acquisition among the listed companies of our country. So there is a new trend in the merger and acquisition of listed company of our country: The foreign capitals acquisitions boom in the listed company of our country gradually. Accession to the WTO and proclaim of a series of regulation allowing the foreign capitals acquiring the Chinese listed company made the foreign capitals acquisition already became the main way of direct investment in China, and will be one of the mainstreams in merger and acquisition of our country unavoidably. Allowing and encouraging the foreign capitals to acquire the domestic listed company is an important action which is able to accelerate the development of capital market, restructure the economic of enterprise and bring about a promotion in the economy of our country. The foreign businessman, through acquiring the listed company of our country,can utilize the production capacity and existing market of the merged enterprise directly, launch the international business rapidly, and realize the globalization development strategy. At the same time, the domestic listed company can fully take advantage of the foreign advanced technology and experience of management after uniting with the foreign corporations. Therefore, the foreign capitals acquisition is favorable to the both sides in merger. But the foreign capitals acquiring listed company of our country still have a lot of problems in practice, and only when the problems be solved properly, it could develop benignly. This paper tries to summarize the problems while foreign capitals acquiring the listed company of our country at present through analyzing the practice in the foreign capitals acquiring the listed company of our country, and expounds the corresponding suggestion for the problems. At "present, the listed company of our country is carrying on the adjustment in stock right structure and company managing structure, so the foreign capitals acquisitions will inevitably exert an influence on the listed company of our country. Why the foreign investors choose to acquire the listed company of our country on earth? How about the state of foreign capitals acquiring listed company of our country at present? How about the performance after foreign capitals acquiring the listed company of our country? Is there any problem existing in the course of acquisition? These questions deserve our concentration.This paper researched the foreign capitals acquiring listed company of our country. At first, through looking back the relevant theories and documents about the reason for the foreign capitals acquisition and combined the domestic and international economic development background, we analyzed why the foreign capitals acquisitions thrive in the listed company of our country. On the basis of recommending the course of foreign capitals acquiring listed company of our country, we found out current situation and basic characteristic in the foreign capitals acquiring listed company of our country at present by collecting and calculating the case and data about theforeign capitals acquiring listed company. On this basis, after studying the cases of foreign capitals acquiring listed company further, we expounded the way that foreign capitals acquisitions adopt at present, pointed out their defects and the factors restricting the innovation of the way of foreign capitals acquisitions. Then, this paper examined the performance of foreign capitals acquiring listed company of our country at present and drew the relevant conclusions through compare the relevant financial accounting datum of 27 cases of foreign capitals acquiring listed company from beginning to end of acquisition. Finally, through a series of analyses to the foreign capitals acquiring listed company, we summed up the existing problems in the course of foreign capitals acquiring listed company and their reasons at present, put forward corresponding countermeasure and suggestion, and predicted the trend of foreign capitals acquiring the domestic listed company in the fallowing period.