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全球金融市场一片萧条,中国资本市场直逼谷底。普遍预期,中国股市将在较长时间内维持弱势格局,牛市周期不可能很快回来。这为收购者控制收购成本、实施“跌则买、涨则卖”的操作策略提供了足够的时间周期和宽松的市场环境。不期而至的经济危机在给众多企业带来恐慌之时,也凸现了反周期扩张的良机。以下是《中国企业家》摘编的北京和君咨询公司所做的“漂亮20”研究报告,希望读者能从中获取反周期收购的线索或启示。
The global financial market is in a depression, with the Chinese capital market almost equal to the bottom. It is generally expected that the Chinese stock market will maintain a weak pattern for a long time and the bull market cycle can not be returned soon. This provides a sufficient period of time and a relaxed market environment for the acquirer to control the acquisition cost and to implement the operation strategy of “buying at a lower price and selling at a higher price”. When the unexpected economic crisis brought panic among many enterprises, it also showed the opportunity of counter-cyclical expansion. The following is the “Chinese Entrepreneur” edited by Beijing and Jun consulting firm “Pretty 20 ” research report, I hope readers can get the clues or inspiration for counter-cyclical acquisitions.