战略性并购---我国并购市场新趋势（Strategic mergers Acquisitions -- new trend of M a market in China）.docVIP

战略性并购---我国并购市场新趋势（Strategic mergers Acquisitions -- new trend of M a market in China） Strategic mergers Acquisitions -- new trend of M a market in China Along with the rapid development of economy and the accelerated China and after joining the WTO and the global economy integration process, the intra industry and inter industry mergers and acquisitions demand is very strong, which can significantly increase the number of mergers and acquisitions has been confirmed from 2003. The strong demand for mergers and acquisitions and the entry of foreign acquisitions will enable Chinas M a market to enter a stage of rapid development in the next three years. In the new round of M a tide, the new trend and new trend of M a market will be of great significance to the practice of M A in china. First, the merger and acquisition activities which are different from those of previous motivations. Since 2003, the war based mergers and acquisitions focusing on industrial integration and industrial expansion have gradually become mainstream. The motives of enterprise merger in Chinese traditional system are as follows: to save the loss making enterprise, acquire the land of the annexation enterprise, buy the assets at low price and obtain preferential policy, etc.. But after 20 years of reform and opening up economic accumulation, at present a lot of industry into the industry integration and expansion, many companies have begun to consider with the expansion of the scale of business structure adjustment, so in recent years, especially in 2003, mergers and acquisitions market enterprises to purchase the cause has undergone fundamental changes, from simple change the previous single the merger motivation strategic mergers focus on industrial integration and industrial expansion. In western countries, the history of M A, a variety of motives of strategic acquisitions such as diversity, diversification, to reduce the risk of a single main business; synergistic effect and scale