The Research On The Problems Arising From Financing And Merging In China’s Listed Companies

China’s market economy is in a stage of rapid development, it also bringsopportunities and challenges to finance mergers and acquisitions of listedcompanies.Mergers and acquisitions of listed companies in China started late, hasdeveloped nearly30years time,in the form of mergers and acquisitions of listedcompanies is also not above changing.However,the choice of financing options to expandfunding sources as well as the development of financing instruments to use,relativelydeveloped Western countries,are to be improved.It also reflects and acquisitions of listedcompanies mature,to be innovative.Led to the emergence of debt,equity and mixedfinancing issues in the merger.Currently, the increasingly competitive global economy, China is a largedeveloping country, must meet the development trend of the world economy. Somescholars have said that China is currently experiencing the sixth wave of mergers andacquisitions, China’s listed companies through mergers and acquisitions activity isgradually strengthening economic strength, optimize the industrial structure becomesmore, highlighting the role after the merger. Listed companies are constantly adapt tothe existing market rules to carry out the M&A wave again. TCL Group, throughmergers and acquisitions as a way of convertible acquisition of TCL Communication,China Ping through its own funds and debt maturity of more than20years of reservesand other insurance funds, Baosteel Group Bayi Steel Group and other acquisitionsthrough the issuance of convertible bonds way, many listed companies in China ’s M&A market to show its mettle, active in the mergers and acquisitions market. But theprocess of acquisition financing, did not that simple, along with the risk of a single erroroccurs, it will lead to the failure of mergers and acquisitions, causing heavy losses.Therefore, the use of appropriate financing, to adapt to China ’s capital markets, themerger process plays a key role. From a practical point of view the process, many listedcompanies in mergers and acquisitions financing, and achieved good results,development and the development of a good size, but there are some companies becausethey can not obtain comprehensive information on M&A financing, which led to thefailure of mergers and acquisitions. The importance of the study of visible financing mergers and acquisitions of listed companies.The paper has four parts: The first part is the introduction, mainly on thebackground and significance of this research, literature review,the basic content andmethods of research,innovation and shortcomings of this article.The second part,anoverview of financing mergers and acquisitions, mainly in the form of a general analysisof the definition and acquisition finance, and mergers and acquisitions financing typicalnational experience;the third part,the financing of mergers and acquisitions of listedcompanies status and problem analysis,analysis of major mergers and acquisitions oflisted companies channels of financing, the scale, there is the whole problem and itscauses, etc.;fourth part of the problem of financing the acquisition of listed companiesappear to make appropriate suggestions.