Analysis On A Case Of Acquisitions Of CNR And CSR

In recent years, the state-owned enterprise of our country in the background of deepening reform and make progress while maintaining stability. Industry and governance structure gradually improved, and the capital market is becoming more and more perfect. Many activities of mergers and acquisitions of China’s large state-owned listing Corporation become more frequent. This paper is based on the case for the acquisition of CNR and CSR to analyze acquisition process of listing Corporation.As the big two rail transportation equipment manufacturing industry to start the reform of state-owned enterprises, its strategic goal is obviously to combine the similar or homogeneous enterprises, thereby improving the competitiveness of state-owned enterprises in the international market. As the pathfinder of reform road of state-owned enterprises, the acquisition of CNR and CSR provides a useful reference for future reform of state-owned enterprises, providing an important carrier for "The Belt and Road”, "go out" and other major economic strategies at the same time. In the current stage of exploration, the form of the reform of state-owned enterprises still pay more attention to the relatively rapid and effective way of mergers and acquisitions. The priority selection of strategic direction is also need to adapt to the state policy and global strategy.Under the background of China’s state-owned enterprise reform, the paper points to the case of the merger between CSR and CNR. Using the method by combining theory and case analysis, to analyze the themes and questions, the process and the result are reflected in the case. Firstly, understanding the essence of the merger from the merger effect, and then through the process of mergers and acquisitions and the end of the integration to find out the problems. And on this basis to deepen the development of thinking, propose solutions and summarize the research conclusion in the last.