Study On The Role Of Chinese Government In The Transnational Merger And Acquisition Of ’Going Out’ Strategy ——Avoiding Risk Perspective

The implementation of "going out" strategy is one important part for any country of adapting itself to the development of globalization, obtaining more resources and enhancing the comprehensive national strength. It is also one important way for enterprises of seeking for relevant resources and promoting core competence. Following the tide of "going out" for the enterprises all over the world, under the encouragement by the "going out" strategy in China, especially the global financial crisis in 2008, implementing an overseas merger and acquisition (M&A) became the main approach for Chinese enterprises to "go out".However, during the process of "going out" by Chinese enterprises for cross-border M&As, many enterprises did not successfully "go out", as expected, due to multiple factors and finally failed in such M&As as a result of diversified risks.The paper mainly focuses on studying risks encountered by Chinese enterprises and relevant actions and influences that shall be respectively exerted by Chinese government for avoiding relevant risks, during the process when the cross-border M&As are taken by Chinese enterprises via implementing the "going out" strategy. By means of analyzing relevant risks and problems that arise from the implementation of "going out" strategy by Chinese enterprises for cross-border M&As, the paper tries to find out causes of these risks and problems occurred especially the influences exerted by Chinese government At the same time, with reference to successful experience of the advanced countries on supporting the local enterprises in cross-border M&As, relevant strategy suggestions on function framework have been put forward for Chinese government to facilitate the implementation of "going out" strategy by enterprises for cross-border M&As, so as to provide reference for implementation of the "going out" strategy for successful cross-border M&As and avoiding risks, to improve the development of transnational operations by Chinese enterprises and to enhance the influence of China’s economy among the international market.