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《商业银行并购贷款风险管理指引》(以下简称《指引》)所称并购是指“境内并购方企业通过受让现有股权、认购新增股权,或收购资产、承接债务等方式以实现合并或实际控制已设立并持续经营的目标企业的交易行为。”并购贷款则是指“商业银行向并购方或其子公司发放的,用于支付并购交易价款的贷款。”随着中国融入全球经济一体化的加快,以及中国市场竞争和产业整合的加剧,尤其是在当前国际金融危机不断扩散和蔓延的情况下,及时加强企业并购与银行并购贷款风险管理研究,对于探索如何通过并购贷款,拓宽企业融资渠道,应对国际金融危机的冲击,促进产业结构调整和产业竞争力的提升,具有十分重要的理论和现实意义。
The M & A Guideline for M & A Loans Risk Management of Commercial Banks (hereinafter referred to as the “Guidelines”) refers to the “merger of domestic M & A enterprises through the acquisition of existing shares, subscription of new shares, acquisition of assets, acquisition of debts, etc.” Or actually control the trading activities of the established and continuing target enterprises. “” M & A loans refer to loans granted by commercial banks to mergers and acquisitions or their subsidiaries to pay for M & A transactions. "As China With the acceleration of global economic integration and the intensification of market competition and industrial consolidation in China, especially in the current international financial crisis, the risk management research on M & A and M & A loans is promptly strengthened to explore ways to improve corporate governance through mergers and acquisitions It is of great theoretical and practical significance to loan, broaden the channels for financing enterprises, deal with the impact of the international financial crisis, and promote the adjustment of industrial structure and the enhancement of industrial competitiveness.