The Selecting Evaluation Of Overseas Private Placement Investors For State-Owned Enterprises Remanufacture

After the entering of WTO, our country's market with gradually broaden capacity and wide development space will become main district to multinational corporations and international finance invest agency compete in. Nowadays, industries in our country confronts the overseas capital mergers and cosmically and remanufacture. Then the remanufacture of state-owned enterprises is an important project of our country remanufacture of the economic system. Therefore the state-owned enterprises not only needs a mass of capital, but also needs advanced technology, management conception, global marketing net, and management experience etc.Our country now has approximately more than 130,000 state-owned enterprises, and the assets reorganization of state-owned enterprise needs 2 trillion Yuan at least. It is hard to solve the capital demands of the reorganization of state-owned enterprise fundamentally only depending on the national finance input. On confrontation numerous overseas private placement investors who have the wish to take part in the remanufacture, state-owned enterprises must selecting the strategic investor that can benefit the state-owned enterprise remanufacture itself. Because overseas private placement is not common economic entity, so the invest income mainly come from reducing the enterprise employee, finance synergism effect and underestimating the value reformed state-owned enterprises and so on. Therefore, state-owned enterprises must consider the positive impact and negative impact that the overseas private placement will arouse.On the basis of corporate mergers and acquisitions theory, international indirect invest theory and transnational acquire and merge theory, from invest capability, management operation capability, value-added capability and the impact of overseas private placement engaging in the reform of state-owned enterprises, the evaluation index system of selecting overseas private placement investors is built up according to relevant principle, clear definition principle, easy to understand and use principle, comparable principle, verifiable principle, and applicable principle. Meanwhile the gray relational analysis method is applied to evaluate overseas private placement investors.The result of this thesis is very important for the remanufacture of state-owned enterprises on selecting overseas private placement investors. It can help the state-owned enterprise and the national authorities, as the evaluating principal part, to make effective evaluation and selecting.Moreover, when state-owned enterprise and other domestic enterprises introduction foreign capital, it could be used to make the correct selecting, then enhance the state-owned enterprise as well as of other domestic enterprises long-term development, strengthen the national economy of our country. Therefore, this study is not only important to state-owned enterprise remanufacture, but also to other domestic enterprises investor on selecting the investors.