Ministry of Commerce: "Guide" for transnational mergers and acquisitions of domestic enterprises

Ministry of Commerce: "Guidelines" for domestic enterprises in cross-border mergers and acquisitions experts believe that the state should try to encourage overseas mergers and acquisitions-our correspondent Fu Suling a few days ago, the reporter learned from the Ministry of Commerce, following the release of the first batch of 20 countries in April this year, "Foreign investment cooperation Country (region) Guide", as of now, the Ministry of Commerce has released 75 countries Home Investment Guide.　　The Ministry of Commerce through the website issued a notice that will continue to strengthen the "go out" of the service work of enterprises to guide our enterprises to actively and prudently carry out overseas investment, and will be issued other national guidelines. "The guide is the product of the current economic situation to a certain extent. 　　"The Ministry of Commerce further explained that, in fact, the Ministry of Commerce every year on the country trade investment reports, this year due to the outbreak of the financial crisis, enterprises" go out "the pace of accelerated, foreign mergers and acquisitions trend more obvious and prominent, then the guide has emerged. The reporter randomly opened the investment Guide for Pakistan and the United States to find that each guide is written by the Ministry of Commerce's International economic and Trade Economic Cooperation Institute, the Ministry of Commerce Investment Promotion Bureau, and the corresponding resident embassy economic and commercial Counsellor's office. The guide objectively introduces the investment cooperation environment of various countries and regions in the world, and gives hints to the problems that should be paid attention to in the development of foreign investment cooperation.　　The content covers all over the economy, culture, politics, and infrastructure, trade environment, financial environment, securities market development, the corresponding investment cooperation laws, regulations and so on. "Foreign Investment Guide is a guiding policy, mainly to help enterprises understand the local investment situation, including disputes and other related laws and regulations." One important point is to play the role of risk-prompting, in order to reduce the enterprise in the investment process to increase unnecessary costs.　　"The above-mentioned Ministry of Commerce related personage appraises this. Guo Tianyong, director of the China Banking Research Center at the Central University of Finance and Economics, said Chinese companies ' going out ' is a mixed blessing. From the early stage, Chinese enterprises are in the lessons learned phase, many of them failed cases, there is no lack of good development momentum of successful cases. In the future, China still has a large number of enterprises to go out.　　And the Ministry of Commerce this time to introduce the corresponding foreign investment Guide, standardize the enterprise to go out is very necessary and timely. The recent Chinalco takeover of Rio Tinto and "layman" Tengzhong to buy Hummer Two cases has received media attention.　　The former ended in a merger failure, and the latter was considered a "dark horse" that had been killed halfway through. In this respect, Guo Tianyong said it is normal for companies to engage in overseas mergers and acquisitions, and there is no legal requirement that companies without operating experience will not be able to acquire them. In fact, the State should encourage overseas mergers and acquisitions as much as possible. Encouraging companies to "go out" does not mean encouraging companies to bottom up, he argues.　　Enterprises to go out of the financial benefits is second, the key purpose is the output of the business, including services, products, etc., these are truly to the international market. Shanghai Securities analyst Li Jianfeng also said that "going out" will be the future of the enterprise. The enterprise seeks new resources and opens up newMarket, some of the undervalued investment products overseas will be very helpful to the enterprise. The micro-level of corporate foreign investment reflected in the macro is the increase of China's foreign investment, which is also a necessary part of China's economic opening-up and the process of RMB internationalization. As far as the enterprise itself is concerned, the enterprise invests in profit as the aim, and the profit maximization is the foundation of the Enterprise investment. As the spontaneous behavior of the enterprise, the Guide can only guide and promote the enterprise, and the key of the final decision is the enterprise itself.