Research On Foreign Capital Merging And Acquiring State-owned Enterprises

In recent years, with the rapid and stable development of economy, the huge potential that contains in the market of our country has begun to appear.Many international MNC focus their attention on our country, and the speed at which the MNC merge and acquire corporations in our country is obviously faster than before.Their sights concentrate on the State-owned Enterprises, especially cock companies in the State-owned Enterprises .So our government issues a series of policies and provisions about how foreign capitals merge and acquire the State-owned Enterprises in succession. These bylaws indicate that the consummate law frame that foreign capitals merging and acquiring the State-owned Enterprises basically formed, and made its trench orderly. Under this complexion, it has an active and realistic significance that we do research into the issue that foreign capitals merge and acquire the state corporations.This article treats the foreign capital purchasing the State-owned Enterprises as its research aim, gathers up the research actuality of Foreign Capitals' M&A in native country or abroad .Based on the domino effect theory and the purchase cause using for reference of western companies.This article does detailed analysis and research about the cause and economic domino effect that foreign capital purchases the state corporations:It deeply analyzes foreign capital cause during the period that foreign capital purchases State-owned Enterprises from the point of economy, management and company development stratagem, and at the same time analyzes the cause that the State-owned Enterprises search for foreign capital purchase; It analyzes the positive and negative economic domino effect that foreign capital purchasing the state corporations of our country causes from the macrostructure and microstructure point of view. Foreign Capitals' M&A can speed up the system innovation, technique innovation, market innovation, improve the foundation of company's fathering mechanism, achieve the management mechanism's transformation of the State-owned Enterprises, solve the problems of capital shortage of the State-owned Enterprises, and lighten the finance burden of the government, and optimize and advance industry frame, but at the same time it may lead to the disappearance of nationality breed,the loss of state assets,even lead to the national economic safety crisis ,and must keep them away. In research method this article adopts the methods that combines criterion analysis with demonstration analysis ,and chooses three typical cases, through the demonstration analysis of these cases ,I think it is a good way that the State-owned Enterprises improve the management condition through the Foreign Capitals' M&A and import the advanced management experience and technology, but there are many problems during the period that Foreign Capitals merge and acquire the State-owned Enterprises.This chapter put forwards some pertinence countermeasure aiming at the problems from the macrostructure and microstructure point of view.