The Study About Chinese Enterprises' Transnational Merger And Acquisition Strategies

The opened China is facing the impact of the waves of multinational M&A(mergers and acquisitions). The facts of modern enterprises development have approved that it is necessary for enterprises to operate in the international market with the increasing strength and intensifying competition in the free international economic condition after having certain qualifications. Multinational M&A is a short cut for enterprises to enter international markets, realize multinational operation, and make foreign direct investments. The aim of this article is studies on the possibility of Chinese enterprises' multinational M&A and the choices of related strategies in the course of the internationalization of Chinese enterprises. In the article, the author has analyzed and expatiated the international conditions under which Chinese enterprises . are, the comparative advantages and series of domino effects caused by multinational M&A, and brought up the strategic choices of Chinese enterprises' multinationalM&A.Comparative analysis, structure analysis, and positive analysis are used in the article. Through the analysis of the international investment environment and the comparative advantages of Chinese enterprises, the article proves the feasibility of Chinese enterprises' multinational M&A. The article expounds a series of negative and positive effects caused by Chinese enterprises' M&A, analyzes the strategic modes of M&A, brings forward the effective strategies of M&A. The article uses the study ways: expounds current situation, theoretic analysis, positive analysis, and brings forward conclusion.At present, the study of multinational M&A mostly limits to the cases that foreign companies merger Chinese enterprises. There is little study about Chinese enterprises' M&A abroad, except some cases study. We have never seen the study about the strategy of M&A. So the arguments in the article, the feasibility of Chinese enterprises' M&A, the effects of M&A, the choices of M&A strategy, are innovations in the study of M&A.