Research On Chinese Enterprises Overseas Mergers And Acquisitions

At present, cross-border mergers and acquisitions have become the main form of global foreign direct investment, become an important form of multinational corporations expand, and Chinese government and enterprises in the global wave of mergers and acquisitions can not and should not stay on the sidelines, but should actively comply with the development trend of global mergers and acquisitions, strategic development of a new strategy to meet this challenge. Since China's reform and opening up, economic strength has increased markedly, going door for Chinese enterprises, international operations follow the road to lay a foundation. In particular we enter the 21st century, the Chinese government put forward the "going out" strategy, comprehensively raise the level of opening up and promoting China's national economy has maintained a sustained, rapid and healthy development. Chinese enterprises to expand overseas mergers and acquisitions practice of real cases frequently appear in newspapers, became a hot issue in our economic life. However, the M & A activity compared to the West, Chinese enterprises overseas acquisitions late start. Many Chinese enterprises transnational mergers and acquisitions lack of a comprehensive, profound, and the awareness of the overseas acquisition strategy implemented with great passiveness and randomness. There aremany theoretical and practical issues that must be resolved. This paper attempts to provide a systematic analysis and discussion of the hot issues on Chinese enterprises overseas M & A, by combining theory and practice, by the combination of macro-and microeconomic analysis. It also tries to explore the Chinese enterprises overseas M & A major problems connection with the classic business case of Lenovo acquisition of IBM's personal computer, and makes recommendation from a macro and micro levels, aiming at exploring for the Chinese enterprises overseas acquisition strategies that can be taken as reference.