Research On The Risk Of National Security Review Of China Enterprise Transnational M&A And Avoiding Counter-measures

With the accelerated process of economic integration in the world, and China’s further reform and opening up, China’s behavior of overseas investment and cross-border mergers and acquisitions Occurred more and more frequently. In the21st century, China has become the world’s fastest growing exporter of capital. In today’s world market, however, on the one hand, they welcomed foreign capital into the country, On the other hand, Because of Protection in domestic resources, technology and other national industries, they adopted the policy of National Security Review to the cross-border mergers and acquisitions of foreign investors. These measures have also obstruct the foreign territory of corporate mergers and acquisitions. In these countries, the most representative is United States. Therefore, in-depth study of cross-border M&A review systems of national security of U.S. and other developed countries, and by comparative analysis of these countries to study the national security review systems, it will help our enterprises to go abroad for better, and will help China integrate smooth into the world business market.From the cross-border M&A review of the definition of national security, origin and development, This article discuss the evolution of national security review of foreign acquisitions in the United States and Europe developed countries. Especially I study several issues about the cross-border M&A review of national security System. Then, With the case of cross-border mergers and acquisitions of Chinese enterprises. I propose some measures to avoid such risk of cross-border M&A review of national security.The first part, it described the background and significance of topics, and make a more detailed description on domestic and foreign literature, and describes the composition and the general idea of this article. The second part, it describes the concept of cross-border M&A review of national security and the evolution process, and analysis cross-border M&A review of national security risk. The third part is a detailed description of Formation of national security system of the United States, Britain, Germany and France. From the review of mergers and acquisitions subject, mergers and acquisitions, review body to review the behavior of a few aspects, and do a comparative analysis. The fourth part, it describe the cases on Chinese companies M&A in some developed countries. Comprehensive wealth of data, I take qualitative and quantitative analysis to cross-border M&A review of national security, and try to sum up the law. The fifth part, for the fourth part of the conclusion, after considering various factors, from the macro and micro perspective, I take Some suggestions to Chinese companies when they M&A experience on national security review, in order to reduce the risks of national security review. Part VI, the main contents of the text and ideas were summarized and concluded.