Chinese companies complete 29 overseas acquisitions

-Reporter Li Josin according to the management consulting Agency-Accenture tracking statistics, Chinese enterprises in 2008, a total of 41 cases of overseas mergers and acquisitions, the number rose to 49 in 2009, the first half of 2010 Chinese companies have completed 29 overseas mergers and acquisitions. From the statistical results, the number of Chinese private enterprises overseas mergers and acquisitions has increased significantly, but the amount of mergers and acquisitions is still relatively small, state-owned enterprises overseas mergers and acquisitions still occupy more than half of China's overseas mergers and acquisitions.　　Mineral resources, traditional energy, machinery manufacturing, it and other industries for the Chinese enterprises overseas mergers and acquisitions of hot areas, of which, mineral resources and energy sector mergers and acquisitions in large amounts, between January 2008 and May 2010 of the 20 mergers and acquisitions, 16 cases involving mineral resources and traditional energy industries. "For mining companies, foreign investment after the financial crisis is a bottom up, but the success of Chinese companies in this round is also on luck."　　Wangbo, managing director of the Greater China region of Essen, said that because of the general lack of experience in managing cross-regional business and innovation and core technology, as well as the lack of global management talent, Chinese companies are taking more opportunities to invest in this round of mergers and acquisitions than strategic investments. Ponyali, Director of China branch of Accenture Institute of Excellence, said that overseas mergers and acquisitions by Chinese companies, especially in the mining sector, could easily be interpreted as a State act, especially when the takeover was run by a state-owned enterprise with a large state share. This has become the biggest challenge to limit Chinese companies ' overseas mergers and acquisitions.