Research On Risk Management Of HD New Energy Power Transnational M&A Project

The slowdown of the world economy and the rapid growth of China's economy,as well as the strong demand for global power,provide a good external environment and opportunities for Chinese companies to develop abroad.At the same time,under the internal environment in which China vigorously called on state-owned enterprises to"go global" and implement supportive policies,the overseas development of Chinese enterprises,especially the rise of a wave of high-quality assets overseas.At present,for Chinese companies,the risk management of overseas investment is still in its infancy,and the investment in new energy and power infrastructure projects as emerging industries is lacking in the foresight.The accumulation of various risk management measures is mostly due to failure cases.A comprehensive system of practical operational systems with practical guidance has not yet been formed.In order to successfully seize the historical opportunity,comprehensively improve the success rate of overseas mergers and acquisitions of new energy power infrastructure projects,and occupy overseas new energy market,Chinese enterprises have a long way to go,and there are still many problems to be solved.The paper focuses on the risk management issues involved in the HD new energy power cross-border M&A project.Based on the risk management theory,this paper describes and analyzes the risk management process involved in the project with the help of the expert questionnaire method,identifies the risk items in the process by "due diligence methods",and quantitatively and qualitatively analyzes the identified risks through "Analytic Hierarchy Process" and "Expert Evaluation Method",and finally determines the the impact of every risk to the whole project.In order to ensure the effectiveness of risk management,this paper also prepares detailed countermeasures for different levels of risk based on the results of risk assessment,and set early warning indicators for all risks monitoring them.The risk management will ensure the safety of state-owned assets to the greatest extent possible,and promote the sustainable and healthy development of overseas business providing a guide for other state-owned enterprises to "go outside".In addition,the paper also introduces the related concepts,general situation,background significance of the topic,historical literature research,and future research directions related to the new energy power industry.