Research On Government Behavior In The Foreign Investors Merging And Acquiring Chinese State-owned Enterprise

With the increasing combination of Chinese economy and world economy, especially after China's entry of WTO, the manner of inflow of foreign capital has changed greatly. More and more equity investments have appeared by the way of merger, acquisition and holding. Meanwhile, foreign investors merging and acquiring Chinese state-owned enterprises (SOE) are developing quickly.In the west countries where private economies are dominating, the role of governments in FIM&A is single, that is the supervisor of the social economy, and they mainly regulate FIM&A with consummate laws. But to our government, which is not only the supervisor of the social economy, but also the owner of the state-owned assets, so its behaviors in the FIM&A are definitely different from the behaviors of west governments. This article has done systematic research to the government behavior in the foreign investor's merging and acquiring Chinese SOE, and it consists of seven chapters.Chapter one defines some important concepts, and then it shows this article's research purpose, significance, method, innovation and describes the domestic & foreign research status.Chapter two introduces the relative theories of FIM&A and Government Management.In chapter three, firstly, it probes into the background of foreign investor merging and acquiring SOE; secondly, it looks back the development of FIM&A, and also introduces its main character and the developing trend; finally, it points out the problems in the FIM&A.Chapter four mainly reviews the government regulation practice in the FIM&A in the developed countries.In chapter five, firstly, it analyzes the reason of government involvement in the FIM&A; secondly, it studies the goals of the government behavior in the FIM&A; thirdly, it explains the government ambivalent choice because of its dual roles and then it points out the errors of government behavior; finally, it gives a case study.Chapter six gives the relative suggestions for the government in the foreign investors merging and acquiring China's SOE and states its future trend in the FIM&A.Chapter seven sums up the conclusion of this paper and shows its future prospect.