The Research Of Chinese Private Manufacturing's M & A In Overseas

Since the U.S. finance crisis of 2008, economic entities in developed countries suffered an unprecedented trauma.Listed company's stock price and the price of non-listed assets is at a relatively low historical levels. China, as an emerging economies also suffered great loss and a lot of pressure in the crisis. But the long-term export-oriented economy in China was the accumulation of the 2.5 trillion (now the figure has been higher) of foreign exchange reserves. This acquisition of assets in overseas Chinese enterprises laid a solid financial foundation.Because of the West continued deterioration of economic conditions of unemployment soared, China's major export markets for the protection of their employment, continue to decrease their imports by various means of trade barriers.China's exports are subject to various restrictions, export volume dropped. To boost their economies, a variety of fiscal and financial control means makes the domestic private economy, especially the private manufacturing sector and further deterioration of living environment.Abroad to find investment channels, through mergers and acquisitions to gain a certain technology and marketing channels, as well as to avoid trade barriers, so that the local production, local sales, a Chinese private enterprises have become good self-help way.Assets mergers and acquisitions in overseas, state-owned enterprises have been the first to walk in the front. The state-owned enterprises in overseas acquisitions e are resource, energy enterprises largely. these enterprises in China survives by monopolization. Acquired by the acquiring party and the government's motivation for their acquisition, and subsequent ability to integrate acquired serious doubts. Such problem does not exist in the private manufacturing sector.To acquire assets abroad, they can provide employment opportunities for their country, but also for their country's manufacturing industry find the China is one of the most extensive markets. Therefore, the problem studied in this paper have important practical significance. I tried to question their own views of the private manufacturing system performance, and hope to give the stage has been on the international mergers and acquisitions, and will play an important role of private enterprises to provide a theoretical help. The introductory part descipes the important concepts of this paper as acurately as possible,and this concepts is not sured by theoretical community.The second part of this paper is to study issues related to the theoretical basis to carry out a simple summary. In the third section, the use of SWOT analysis, private manufacturing enterprises in China in overseas M & A strengths, weaknesses, opportunities and threats carried out as far as possible in detail.The fourth part, and a selection of three overseas acquisitions of private manufacturing enterprises in the case, although they had some M & A has been a long time, and some have just signed a year ago, but each cases are not exactly described as success or failure, they still should accept the test of time. The fifth part of the private manufacturing sector overseas acquisition strategy was described as unique.For theorists have noted that the target selection strategy was deliberately avoided. This is entirely consistent with the author's intention. Compared to operating assets,buying assets is easier.I hope this paper is not just help the auther get the diploma smoothly,I hope it can be watched by the people who need it.