| Under the world trend of economic globalization and regional economic integration, a big wave named Cross-border Mergers and Acquisitions(Cross-border M&A), has surged on the world economic sea. The Transnational Corporations (TNCs) serve as the executants in the aim to strengthen their economic status and implement their global strategies. At present, the Cross-border M&A as a mean of investment has become the major power to promote the increase of FDI and the major form of FDI. By spreading over the world and having almost all countries in the world economy involved, the Cross-border M&A and their following reconstructions of the world enterprises present an international quality, and thus greatly influence the development of the international economy, and at the same time confront the involved countries, especially the developing countries, with great challenges.After China's entry into the World Trade Organization (WTO), with the deepening of the reform in the state-owned enterprises(SOE), China is more and more involved in the wave of Cross-border M&A. On the whole, it is an inexorable trend for China's enterprises to step out international M&A. It can accelerate to realize the leap-formed development of productive forces, perfect the socialist market economic system, meet the challenge of China's entry into the WTO, make good use of natural as well as human resources and the markets both inside and outside, expand the scale of the TNCs of China, and promote the adjustment of economic structure and the development of opening to the outside world. Besides, with the enhancement of the national comprehensive strength, the preliminary establishment of market economy, the entry into the WTO, the formation of the large-scale TNCs, and the improve of the infrastructure, proper circumstance have been created for the Chinese enterprises to carry out their own Cross-border M&A. Therefore, all the mentioned conditions provide China with the ability to participate... |
PDF Full Text Request