A Comparative Study Of Cross-border Mergers And Acquisitions Of National Security Review System

Cross-border mergers and acquisitions, also known as foreign mergers and acquisitions, with the development of economic globalization, transnational mergers and acquisitions to become the main mode of international economic exchanges. In China, along with the country’s rising power, increasing openness and increasing economic strength, cross-border mergers and acquisitions gradually replacing the traditional "green field investment" has become the main form of China’s foreign investment.However, compared with developed countries like the United States, Japan, Canada, due to the lack of cross-border mergers and acquisitions of sound national security review system, Chinese enterprises’multinational merger loser’s case, in addition to capital, technology, local culture and other reasons, legal risks an important reason for the failure. Cross-border mergers and acquisitions in the national security more and more people’s attention, become the focus of growing concern.In addition to the introduction and conclusion of this article is divided into three parts. The first part is an overview of cross-border M&A national security review system. This part is some of the basic concepts and theories, such as "cross-border M&A,""national security" concept, the development trend of cross-border mergers and acquisition, cross-border mergers and acquisitions for the national security implications, and so on, through these presentations on the one hand to facilitate cross-border mergers and acquisitions readers the basic theory and basic concepts of national security have an understanding, on the other hand to the following detailed description to be a foreshadowing.The second part is more on national security review system of the world, this part of the article plays the role of nexus, the author mainly by comparing the United States, the history of Japan, Canada, the three countries cross-border M&A national security review system, the main content, trends in order to establish a sound national security review mechanism to provide a model for our country.The third part is the most central and most critical part of the article, which is part of the research the author discusses the status and lack of national security review system, and the combined January2015China promulgated the "People’s Republic of China Foreign Investment Law (Draft)", I put forward the proposal.