Based On The Development Strategy Of "Going Out" Of Work Far Capital Operation Case Study

Under the condition of market economy,the enterprise is gradually developing to the industrialization,speeding up the pace of capital operation.In recent years,state-owned enterprises have been trying to "go global" for overseas capital operation.The purpose is to acquire more advanced technology abroad,so as to enhance their core competitiveness,expand their market share and enhance their overall strength.Enterprises that operate overseas capital are common,but few enterprises are successful.Through the search of cases,we choose the Shang Shen Bei group as the research object.Shang Shang Shen Bei insisted on implementing the strategy of "going out" undertaking overseas main M&A,and successively eating the three giants of DA,Bai Fu and KSL,Germany's sewing and manufacturing industry.Through the study of SGSB overseas capital to operate successfully,and the combination of industry characteristics of state-owned enterprises,the purpose is to solve the many problems facing the overseas capital operation of state-owned enterprises,to put forward reasonable countermeasures and suggestions to promote the overseas capital operation of state-owned enterprises,and to overseas experience in capital operation of state-owned enterprises to provide important reference the theory of reference,hope for ongoing and will be carried out overseas capital operation of state-owned enterprises help.The above is the research object.Through literature analysis and case study,combining theory with practice,this paper focuses on the reasons why Shang Shang Bei's "going out"strategy is implemented,and the reasons for overseas main business M&A and the reasons for its successful overseas capital operation.Analysis of the Shanggong Bei San major overseas capital operation process,from Shanggong Bei San overseas merger and acquisition process,industry background,financing and other aspects of the detailed overview.Then we evaluated the successful overseas main industry M&A of Shang Shang Shen Bei,and discussed from the above aspects:the selection of Shang and Shen Bei's M&A objectives,the rational use of capital market,the raise of funds and the establishment of the leading position of the industry.Finally,combined with China's actual situation and international legal environment,from the perspective of government,enterprises and risk prevention system,this paper puts forward countermeasures and suggestions for promoting the operation of overseas capital.Research shows that the SGSB implementation of "going out" strategy is correct,for enterprises of industrial upgrading,industrial chain layout plays a promoting role,SGSB the overseas capital operation is successful,the overseas capital to other enterprises is very meaningful.