The Research On The Financing Questions Of The Transnational Merger And Acquisition Of The Chinese Enterprises

With the development of the economic integration of the world, the transnational merger and acquisition activities have grown rapidly. Getting into 21 centuries, the Chinese enterprise brought about transnational merger of high tide. Merger also transnational merger particularly is a strong funds support of the activity demand, the financing is also very decisive link to merger medium, the quality of the financing not only relates to merger behavioral success or failure and it also has profound influence to the enterprise farsighted development. Therefore thinking the financing problem has already become one of the core problems for enterprise transnational merger. In the financing of the transnational merger of the Chinese enterprises, an enterprise can adopt various financing methods. If enterprise can according to the suitable financing method of the characteristics choice of oneself, then can attain the result of half effort and double results; If the choice is not appropriate, may carry on the back up the heavy obligation burden, even will influence a enterprise of the normal production activity. Therefore, the financing strategy which chooses suitable financing method an establishment science is an enterprise in response to the problem of deep concern. Comparing with foreign countries, the financing channels of the listed companies of our country are not unobstructed yet. The varieties of the financing tools are relatively single. So, it is more and more important to enrich our country financing tools and financing channels.This paper starting from the financing current situations of the merger of the Chinese enterprises and western enterprises, points out the financing problems of the transnational merger of the Chinese enterprises. By analyzing main financing tools adopted at merging financing abroad, provides useful method for reference to the Chinese enterprises. Meanwhile, transnational merger is different from merging at home. There is its particularity .We should consider exchange rate, tax revenue and national risk etc. Finally, the paper adopts the method by which theory combines with practice, and takes the LENOVO Company merger the IBM PC as an example to analyze, to propose useful experience for the coming Chinese enterprises transnational merger and acquisition financing for reference.The paper finally aimed at the transnational merger financing existence of the channel is narrow, the not perfect problem of the financing market etc. according to our country the current transnational merger the development current situation of financing also, put forward perfect our country business enterprise transnational merger financing of some suggestions, for example, opening widely enterprise transnational merger financing outlet, speeding a development to capital market also, establishment and perfecting with policy environment and financial environment mutually adapt of the transnational merger financing.