Study Of Transnational Merger Of Financial Risk In China’s Oil Enterprises

In recent years, with the development of economy, expansion of economic globalization, especially after China joining the WTO, Chinese enterprises constantly go out of the country, participating in overseas mergers and acquisitions and playing a more and more important role in the overseas mergers and acquisitions, There is a sharp increase in the number of mergers and acquisitions, and it expands quickly. In our country,merger and acquisition of enterprises play a decisive role in the energy share position, from 2009, Valin Group acquired Fortescue Metals Group Ltd (FMG) to 2010 Minmetals acquisition of OZ Minerals,in 2011 China offshore oil subsidiary CNOOC acquired Canadian oil sands developer OPTI all shares and two lien notes, more and more important resources of enterprises overseas mergers and acquisitions in China, become enterprise herald of implementation of the "going out" dream.Transnational mergers and acquisitions is not very simple activities, would produce many kinds of risks, and in the various risk of cross-border M & A, the financial risk is in an important position. Therefore, in order to increase the success rate of transnational mergers and acquisitions, management and control of the financial risk is the key. So, on the premise of China’s petroleum enterprises continue expanding overseas mergers and acquisitions, it’s important to identiy and control cross-border mergers and acquisitions of financial risk.This thesis includes six aspects:research background, the first chapter includes the significance of transnational financial risk and contents of the study, domestic and foreign literature and research ideas; the definition, theoretical basis. The second chapter briefly introduces the transnational merger and acquisition; the third chapter analyzes the present situation Chinese petroleum enterprises transnational merger and acquisition, including petroleum enterprise merger scale, regional situation; the fourth chapter mainly introduces the identification method of oil enterprises financial risk, respectively, were analyzed according to different stages in transnational mergers and acquisitions; the fifth chapter in China’s petroleum enterprises in transnational mergers and acquisitions the risk and put forward reasonable suggestions; the sixth chapter is the choice of Sinopec’s acquisition of Swiss Addax oil company as a case, how to deal with the financial risk is analyzed and studied in detail facing China’s petroleum enterprises transnational merger, provide some suggestions and references for the transnational mergers and acquisitions.According to Sinopec merger of Swiss Addax oil company as a case, analyzes the transnational merger and acquisition of enterprises are in various stages of the financial risk, through the above study contents, according to the different risk, effective risk prevention recommendations.