Research On Financing Risks Of Cross-border Mergers And Acquisitions Of Chinese Enterprises

At the end of 2019,a sudden new crown virus raged across the world,casting a shadow on the global economy.However,just in 2019,my country's main macroeconomic indicators remained within a reasonable range,and economic growth maintained a gratifying resilience.The military parade for the 70 th anniversary of the founding of New China not long ago witnessed China's great achievements in economics,military,science and technology,education,sports,and culture.The old China,which was once poor and weak,no longer exists.Dragon has been awake and is striding forward to realize the great rejuvenation of the Chinese nation.In the seventy years of vicissitudes and tremendous changes,my country's overall national strength and national international influence have gone from insignificant to decisive.The 21 st century belongs to the Chinese era.In recent years,the introduction of various policy guidelines has provided favorable opportunities for the development of an export-oriented economy.Cross-border mergers and acquisitions refer to the acquisition of assets of another country's enterprises through certain channels and means to implement actual control actions for the operation and management of another country's enterprises.It is a shortcut for enterprises to go out and China's economy is integrated into the world.The inevitable trend of the economy.However,under the external environment that is not optimistic,in the increasingly complex situation of Sino-US trade friction,the unexpected new coronavirus hasbecome the last straw to overwhelm many export-oriented enterprises in my country.Enterprises face the risk of postponed resumption of work,order decline,product backlog,increased costs,and even reduced production shutdown.Under such circumstances,in-depth study of cross-border mergers and acquisitions cases,understand the advantages and disadvantages of cross-border mergers and acquisitions,reduce financing risks in corporate mergers and acquisitions,and resolve the crisis caused by mergers and acquisitions.As a well-known high-tech enterprise in my country,BOE has many overseas M&A history.This article takes BOE as the research object,and studies the case of BOE's merger and acquisition of French SES,which can play a good representative role in the research of overseas M&A companies in my country.On the basis of reading a lot of literature,I use a variety of analysis methods to analyze the financing risks and make reasonable suggestions.In this M&A case,BOE's main financing risks include financing risks,payment risks,and capital structure risks.Through research on the financing risk of this case,this article gives the idea of reducing financing risk in the future of corporate mergers and acquisitions,should formulate a reasonable company development strategy,determine a reasonable capital structure,reduce leverage risk and political risk,simplify administrative approval,improve merger efficiency,etc.