论文部分内容阅读
一、外资并购国有企业的现状外商进入我国有三种途径:一是新建企业;二是兼并;三是收购。后两种方式可统称为“并购”。并购与新建企业相比,可以节约时间,降低进入成本,迅速进入原企业所在的产业和已有的市场。自1991年以来,外商对华投资掀起的新高潮中主要采取并购的形式。日本五十铃汽车收购北京北旅,揭开了这次并购的序幕。继而美国通用电气公司、日本松下电器公司、德国西门子公司等相继收购了一批国企。这次并购热潮显现出一些新的特征:
First, the status quo of foreign mergers and acquisitions of state-owned enterprises There are three ways for foreign investors to enter China: First, build new companies; second, mergers; and third, acquisitions. The latter two methods can be collectively referred to as “mergers and acquisitions.” M&A can save time, reduce entry costs, and quickly enter the industry in which the original company is located and the existing market compared to new-build companies. Since 1991, the new wave of foreign investment in China has mainly taken the form of mergers and acquisitions. Japan’s Isuzu’s acquisition of the Beijing North Brigade opened the prelude to this merger. Then the United States General Electric Company, Japan’s Matsushita Electric Corporation, Germany’s Siemens and other companies have successively acquired a number of state-owned enterprises. The M&A boom has shown some new features: