| Recent years, the foreign investment of the transnational corporation has increased rapidly, which have been pushing forward the process of marketization and the economic increasing in these countries which are changing their economic forms exceedingly. But controlling-stock and exclusive investment of the transnational corporation have been building up in these countries. It mainly shows two chain investments, On the one hand the new increase FDI is changing form the main Joint Ventures into Wholly-owned Ventures; on the other hand, the Joint Ventures have been changing into the wholly foreign owned company by the expanding foreign capital volume. Also the transnational corporation's investments in China can be divided into two stages, from the visual angle of the changes of the stock right structure, the first stage was mainly the Joint Ventures and cooperative enterprises before the metaphase of 1990's; the second one was mainly the stage of controlling-stock and exclusive investment after the metaphase of 1990's.The trends of holding share and investments not only directly produce a great impact to microcosmic main which have a hand in Joint Ventures and other enterprises, but also it exerts an influence on the purpose and overflowed -effect of bring investment from macro economy. Under given restriction of institutions, in these countries established the Joint Ventures only as the sub- best choice or transition stage. If without being restricted, the temporary incorporated of playing chess will be broken out, and it must help the transnational corporations to change the stoke right structures ventures, that means joint ventures are disintegrated or one part buying the other's rights to realize holding shares or exclusive investment the holding shares, exclusive investments of FDI are nature behaviors of transnational corporations under the new circumstance of modification which include some regularities and inevitabilities. |
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