A Study On The Cross-border Merger & Acquisition Of Chinese Enterprise Based On Core Competency

With the development of globalization, countries worldwide have been tightly dependent upon each other and the economic development is becoming more international. One of the most remarkable trends of the global market is the greater and greater development of cross-border Merger and Acquisition (M&A), which is changing the global economic situation in a faster and faster way.As one of the fastest-growing economy units worldwide, China has had a deep understanding of the significance for the entry to and integration with the world market, as a result, cross-border Merger and Acquisition has become one of the important practices of the 'going abroad' strategy by many of the huge enterprise groups of China. Recent years, the cross-border M&A has developed fast with some pioneering enterprises wining great success in it, for example, the Lenovo has launched all-round competition with such industry leaders as Dell and HP in world market. However, generally speaking, there is still a long way for our Chinese enterprises in the primary phase of the development of cross-border M&A. Especially for those aiming to enhance their core competency through cross-border M&A, it is urgent for them to find effective solutions in target searching and integration after M&A.The structure of this essay is as follows: the first chapter is about introduction indicating the research background &significance, research contents and train of thought. The second chapter presents the related theories of cross-border M&A and core competency, providing theoretically support the cross-border M&A transactions of Chinese enterprises. The third chapter aims to analyze the existing problems after having a knowledge of the intention and general situation of our Chinese cross-border M&A. The fourth chapter proposed solutions in target searching and integration in details. By fully reasoning the relevant issues of Chinese enterprises' anticipation in the cross-border M&A transactions with a stepwise research method, this essay aims to provide Chinese enterprises with theoretical basis and tactic guidance for their cross-border M&A transactions and make a contribution for our china's economic development.