A Research On Chinese Enterprises Overseas M & As Under The Financial Crisis

Market demand has been reduced because of the gloominess of world economy impacted by the financial crisis. The countries begin to set up trade barriers to safeguard their national interests and trade protectionism is prevalent quietly. Many export-oriented Chinese enterprises are facing severe challenge. As an effective form to get round the trade barriers, overseas mergers and acquisitions have been used by some Chinese enterprises since 2004. In 2008, even though light the global mergers and acquisitions market is, Chinese enterprises are still active in overseas mergers and acquisitions. Mineral and energy enterprises become the main oversea mergers and acquisitions targets. Observing the M & A process, both success stories and failures cases in recent years, account for a certain percentage. Summarizing lessons from that in order to facilitate future M & A activity has become a top priority.Based on the above reasons, after showing background about the topics, research purposes and significance, recalling the situation of Chinese and foreign literature research related, and pointing out the methods used and the created, the article chooses the broke out of financial crisis as the cut-off point, respectively offered the introduction of Chinese enterprises overseas mergers and acquisitions practice before and after the financial crisis. Then it sums up the success and fail experiences of the overseas Chinese enterprises mergers and acquisitions for these mergers and acquisitions practice. Meanwhile the article analyzes the objective environment, including the difficulties and the advantages about Chinese enterprises overseas mergers and acquisitions. Finally it gives the suggestion which is in view of the financial crisis and summarizes the full text.The innovation of the article is listing the cases of China's overseas M & As after going through the 21 century, collating the case of M & As scattered in various documents, analyzing the unique mergers and acquisitions conditions Chinese enterprises faced in the context of the financial crisis of overseas. The article also pays attention to private enterprises'participation of overseas M&As.