Research On Regulatory Issues Of China's Foreign Acquisition Of Listed Companies

In June 1995,BeiJing Aerospace Chang Feng Co.,LtD. transfered 4002 million corporate shares to Japan's Isuzu Auto Co.,Ltd.,accounting for 25% of the shares,thus becoming the first major shareholder of BeiJing Aerospace Chang Feng Co.,LtD.. This opens the transfer of foreign acquisition of China's listed companies precedent.In these 10 years,China's foreign acquisition of listed companies had climax also had low,but in general,the foreign acquisition of listed companies is also a historical trend of development. Before the share-trading reform, China's foreign acquisition of listed companies mostly completed through negotiation,of these,state-owned shares transfer accounted for largest part.The real secondary market through auction or tender offer acquisition is very few,these acts of foreign acquisition with obvious non-market brand. China's foreign acquisitions of the listed companies can bring some good things,but also bring some negative effects,in this context,research on the foreign acquisition of listed companies in China, especially on how to strengthen the regulation is very necessary.It is against this background,the paper first research on the status of foreign acquisition of listed companies,grasp the basic information of the of regional distribution,acquisitions way,distribution industries and so on,summed up China's foreign acquisition of listed companies exist Problems and future development trends. In view of China's foreign acquisition of listed companies will not only pose a threat to the listed companies,lead to monopolization of the market,but also create the regulatory problems and other issues.I will make the last part of the problems of China's foreign acquisition of listed companies supervision and the regulatory system construction as the focus of this paper. This paper from a new angle,change the original regulatory system,to build a state-owned enterprises the main regulatory bodies to monitor the regulatory system,making the supervision of foreign acquisitions more market-oriented,hoping provide some useful information to the related regulatory authorities.