Study Of Cross-border Mergers And Acquisitions Of Chinese Enterprises

The Eleventh Five-Year Plan forwards definitely that we should support the conditioned enterprises to export and invest abroad by international ordinary rules. China's government has already come to realize while developing domestic economy by importing, and carrying out the strategy of the export of capital in order to exploit international market. Cross-broader M&A becomes an important practical form of Chinese enterprises putting this strategy into practice. Although Cross-broader M&A of Chinese enterprises received a higher development in recent years. On the whole, it's only beginning and at primary phase. Form the abroad and domestic study actualities, it is short of enough theory foundation and guidance for those enterprises who want to export by way of Cross-broader M&A. This article takes the Cross-broader M&A of Chinese enterprises as its research object, and makes its study from theory and actuality. It has four parts. The first part defines the essential of Cross-broader M&A clearly, and analyzes its historical change and founding cause. The second part deeply studies the reason and effect of Chinese enterprises Cross-broader M&A on the basis of precursory studies, and points out it is quite necessary and very dangerous. The third part stands on the reality of Chinese enterprises Cross-broader M&A, and probes into its advantages and disadvantages, opportunity and challenges. The fourth part discusses the principles and tactics of Chinese enterprises Cross-broader M&A on the basis of forth argumentation.