1引言2011年的中国并购市场态势火爆,并购活跃度和金额创下六年来的历史新高。根据清科研究中心研究报告,按照产业来分,能源及矿产、房地产、机械制造等行业在并购领域居于领先地位。其中房地产行业完成并购交易数量113起,占并购总量的9.8%,仅次于能源 1 Introduction The M & A market in China was very hot in 2011 with M & A activity and amount reaching a record high for six years. According to the research report of Zero2IPO Research Center, according to industry, energy and mining, real estate and machinery manufacturing occupy the leading position in M ​​& A. The real estate industry completed the number of mergers and acquisitions transactions 113, accounting for 9.8% of the total mergers and acquisitions, second only to energy